Reliance Power, India's top private energy company, has negotiated the country's biggest financing deal, raising more than $11 billion to build 10 GW of thermal power generation capacity.
The Malaysian government has announced it is planning to build two 1000 MW coal-fired power plants. This follows the cancellation of power transmission from the Bakun Hydroelectric project, said Energy, Green Technology and Water Minister Datuk Peter Chin Fah Kui.
General Electric (GE), the world’s second biggest producer of wind turbines, has formed a joint venture with China’s Harbin Power Equipment Co. to make and supply equipment to China.
India’s National Aluminium Company Limited (Nalco) is proposing to set up a 5000 MW ‘mega thermal power plant’ in Orissa, official sources have said.
The Pakistani Water and Power Development Authority (WAPDA) is planning to construct hydro-electric projects with a capacity of 20 GW during the next five years, according to authority chairman Shakil Durrani.
Sharp will acquire Recurrent Energy, a US developer of solar energy projects, in a deal worth up to $305 million. The Japanese company hopes the acquisition will strengthen its position in the fast-growing solar-power generation business.
Private-equity firm Quantum Energy Partners (QEP) is launching a new company to buy and develop power plants in the U.S., targeting long-term supply deals with utilities.
The start up of the second phase of Guangdong’s Ling’ao nuclear power plant means China’s installed power generation capacity now exceeds 900 GW
The Venezuelan government is making a concerted investment push in order to meet its pledge to increase power generation by 5000 MW during 2010
NRG Energy, a US power generation company, is to acquire Green Mountain Energy (GME), a retail provider of clean energy products and services, underlining the interest among generators to expand their renewable energy portfolios.