The Bangladesh Government has signed a $217 million financing agreement with the World Bank’s International Development Association (IDA) to upgrade a unit in the Ghorashal power station, which will more than double the generating capacity of the plant.
Siemens has approached Emerson Electric to explore the acquisition of Emerson’s network power business in a deal said to be worth $4 billion.
Doosan Heavy Industries & Construction of Korea has announced that it has signed a memorandum of understanding (MOU) with Korea Electric Power Corporation (KEPCO) to jointly develop, construct, and operate wind power projects outside Korea.