The South Korea Government has announced a plan to abolish coal-fired power generation by 2040, replacing 39 of the 60 currently operating coal power plants with LNG and pumped storage hydropower by 2038, and to phase out the remaining 21 units between 2037 and 2039.
Türkiye has announced plans to invest approximately $108 billion in power generation and transmission infrastructure by 2035. Alparslan Bayraktart, Türkiye’s Energy and Natural Resources Minister, said that the country was aiming to achieve 120 GW of installed wind and solar capacity by 2035.
The US Environmental Protection Agency (EPA) has repealed its greenhouse gas emission requirements for US power plants enacted under President Biden. It also proposes rescinding every remaining greenhouse gas emissions standard for the power sector.
India’s Ministry of Power has approved an urgent request from Nepal to increase electricity exports to Nepal amid severe disruption caused by the floods.
Iberdrola has awarded contracts worth a total combined value of €30 million to Ingeteam and Ormazabal for battery energy storage systems (BESS) and new mobile infrastructure to strengthen operation of the electricity grid.
Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired power generation capacity in Pennsylvania, USA while selling its interests in RISEC Holdings to Constellation Energy Generation for $715 million.
Mico Group has successfully completed its acquisition of NEM Energy, the world’s leading HRSG maker, through its subsidiary Hyundai Heavy Industries Power Systems (HPS).
Sri Lanka’s Board of Investment (BOI) has approved Sahasdhanavi Limited’s plan for the development of a 350 MW combined cycle power plant at the Kerawalapitiya Industrial Zone.
Shri K Vijayanand, Chief Secretary for the Andhra Pradesh government in India, has said that the state is taking up 1162.8 MW through 228 solar power plants under Component C of the PM-KUSUM scheme.
Construction has started on a 10 MW, $8 million solar power plant in Mwandi District, in Zambia’s Western Province. The project will strengthen power supply in the region and support the national grid.