Pakistan’s National Electric Power Regulatory Authority (NEPRA) has issued generation licences to three small hydropower plants that will generate a combined capacity of 7MW.
US asset management firm, the Carlyle Group, has agreed to acquire the Red Oak power generation facility in Sayreville, New Jersey from Energy Capital Partners, and has also completed the purchase of five other power plants in California.
Manila Electric Company (Meralco) of the Philippines has said that it plans to borrow abroad in order to finance its capital expenditures, particularly its venture into power generation.
According to the latest issue of the US Energy Information Administration’s (EIA) Electric Power Monthly, renewable energy sources provided 14.2 per cent of the country’s net electric power generation during the first half of 2013.
Thailand has hugely expanded its planned solar energy investments, pledging to secure 25 per cent of the country’s total energy demand from renewable sources.
The Board of Executive Directors of the World Bank have approved a $585.4 million Helwan South Power Plant project, a gas-fired power plant that will contribute 10 per cent of Egypt’s new generation capacity to be added by 2018.
Swedish home furniture giant Ikea Group is cooperating with the Chinese solar panel company Hanergy Holdings Group on a grid-connected solar power generation project for all the Ikea stores in China as well as Ikea’s selected suppliers.