Mitsubishi Power has won a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the 2.9 GW Jeddah South power plant and the 2.9 GW Shuqaiq power plant in Saudi Arabia.
The financial advisory firm Lazard has produced a report that states that the cost of building solar power projects in the USA has increased 18 per cent year-on-year as a result of tariffs, high interest rates, and other cost pressures. However, solar remains the cheapest form of new electricity generation to build.
EDF has announced that it is temporarily shutting down three nuclear reactors located along riverbanks due to the extreme heat.
Africa Finance Corporation (AFC) has reached financial closure on a $300 million financing arrangement to support construction of Burkina Faso’s largest power plant.
EDF and the UK Government have signed an agreement to extend the lifespan of the 1.2 GW Sizewell B nuclear power station in Suffolk, UK until 2055, 20 years after its original planned closure date of 2035.
Denys Shmyhal, Ukraine’s Energy Minister, has announced that the country is launching the next stage of a competition to build over 1.5 GW of new flexible power generation capacity. He said that the Ukraine government is now seeking comments and proposals from potential investors on the prepared tender documentation.
Cenal Elektrik Üretim, a joint venture of Cengiz Holding and Alarko Holding, has submitted an application to the Turkish Ministry of Environment, Urbanisation, and Climate Change to expand its 1320 MW Cenal coal-fired power plant in Biga, Çanakkale in northwestern Türkiye with a new 1050 MW coal-fired power unit.
The World Bank has committed $265 million in financing to support Morocco’s modernisation of its hydropower facilities to respond to the challenges of water scarcity and increasing power demand. This funding represents one of the largest single investments in Moroccan hydropower infrastructure in recent years.
India’s coal-fired electricity generation rose 13.9 per cent in June to a three-year high as poor rainfall caused a 19.5 per cent fall in hydropower output. This has led to inventory depletion of coal at power plants.
Siemens Energy has won a contract to supply power generation equipment for the Misfah and Duqm IPP projects in Oman, with Nama Power and Water Procurement Company serving as the offtaker for the generated electricity.