SNC-Lavalin has announced that it has signed an agreement in principle for a new Joint Venture with China National Nuclear Corporation (CNNC) and Shanghai Electric Group Company.
The World Bank has approved an additional financing of $390 million for Pakistan’s Tarbela Fourth Extension Hydropower Project to help sustainable expansion of the country’s electricity generation capacity.
Electricite du Laos (EDL) and GE have signed a memorandum of understanding (MOU) to launch joint research and training programmes designed to support the development of Laos’ hydropower sector and electric grid.
American Electric Power Co. (AEP) of the USA has agreed to sell a set of power plants in the US Midwest to Blackstone Group and ArcLight Capital Partners for $2.17 billion.
The Australian Government has said it will help fund a dozen large-scale solar projects worth $770 million, as it looks to boost the use of clean power.
A recent study by CoalSwarm has said that the amount of coal-fired power generation under development globally has fallen by 14 per cent this year, driven down by China’s oversupply and by a shift towards renewable energy.
The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme, which requires nearly $600 million in public funds from the treasury annually.
The USA and China, the world’s biggest emitters of greenhouse gases, have announced that they will both formally ratify the Paris climate change agreement.