CLP India said it has entered into an agreement with a group of foreign banks for finance worth $288 million to set up a 1320 MW (2x660 MW) power project at Jhajjar in Haryana.
The African Development Bank (AfDB) has approved over $1 billion to be invested in energy projects in Egypt, DR Congo, Ethiopia, Kenya and Tanzania.
China, the world’s largest energy user, may spend 11.1 trillion yuan ($1.7 trillion) in the next decade building electricity infrastructure, the 21st Century Business Herald has reported, citing a research report by the China Electricity Council.
Alstom has announced it has signed strategic agreements with major Russian energy companies to jointly provide power generation products and services for Russia's power industry.
The incoming US Congress has its sights on a clean energy standard (CES) that includes clean coal and new nuclear technology rather than a federal renewable electricity standard (RES).
The Iraqi electricity ministry has announced it is inviting bids for the construction of four power plants to boost its power generation capacity by 2750 MW.
The UK government has proposed sweeping power sector overhauls aimed at securing the billions of pounds of investment needed for low-carbon energy.
Australia needs to spend up to $130 billion on new power generation and upgrades to its grid to comply with new climate change policies.
Microgrids are set to gross $1.7 billion by 2016, according to a new report on the sector by Pike Research. Microgrids use smart grid technology to control distributed power generation and energy storage on smaller localised grids, separate from the utility power grid.
The international climate conference in Cancún, which concluded this week, has resulted in several important agreements being finalised. Plans to launch a $100 billion Green Climate Fund to finance mitigation and adaptation in developing countries were completed. A framework for monitoring, reporting and verifying (MRV) emission reductions, and on principles for reducing emissions from deforestation and forest degradation (REDD) were other notable success.