Bolaji Tunji, Special Adviser to the Nigerian Minister Of Power, said that the Nigerian federal government plans to invest $800 million in the construction of sub-stations and distribution networks as part of the Presidential Power Initiative (PPI).
India and Sri Lanka have formalised an agreement to improve energy cooperation between the two countries.
Iranian Energy Minister Ali-Akbar Mehrabian has said that six major power plant units have come back on line after going through overhaul to meet the rising demand for electricity in the coming weeks.
Xcel Energy is seeking proposals for new power generation systems in Texas and New Mexico, USA, as it retires its older power plants in the coming years and as demand in the region grows.
GE Vernova has announced that it has won an order from Sonelgaz through its joint venture GE Algeria Turbines (GEAT) to enhance Algeria’s grid infrastructure.
Taiwan’s Ministry of Economic Affairs (MOEA) Energy Administration has predicted that the country’s electricity consumption will grow 13 per cent by 2030.
Energy storage company ESS, based in Oregon, USA, has announced that it will treble production following receipt of a $50 million investment from the Export-Import Bank of the United States (EXIM) under the Make More in America initiative.
Massive power cuts affected large areas of Kuwait on 19 June as temperatures across the country reached 52°C, leading to a rise in power consumption that exceeded supply capacity.
The European Bank for Reconstruction and Development (EBRD) will provide €300 million towards the enhancement of Ukraine’s energy facilities under a newly signed agreement.
Nigeria’s Power Generation Companies have stated that over $2 billion owed to them is threatening their operations and failure to resolve the crisis will lead to the collapse of electricity generation in the country.