The European Investment Bank (EIB) has signed a €100 million financing agreement with TenneT for the construction of an electricity link between Norway and Germany.
ACWA Power, a developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corporation Limited (Energy China) during a ceremony in Dubai.
Half of Pakistan had an eight-hour power outage on 16 May, following a major power breakdown in the country’s transmission system, leaving the Punjab, Khyber Pakhtunkhwa, Azad Jammu and Kashmir without power.
Nicholas Akins, Chairman, President and CEO of AEP of Ohio, USA, said that the company would invest $17.7 billion over the next three years into strengthening its grid network.
A power line failure in southern Puerto Rico cut electricity to almost all of the island on 18 April.
The Arab Petroleum Investment Corporation (APICORP) has produced a report stating that Middle Eastern and North African countries will need to invest $260 billion on increasing electricity production over the next five years to meet rising demand.
Brune Poirson, the French Ecology Minister, called at a conference in Brussels for a price floor of €25-30 per ton of CO2 in power generation to help accelerate the shift from coal to gas and renewables.
ABB has launched it ABB Ability™ Collaborative Operations for Power Generation & water on 21 February.
The electric utility industry is undergoing a major transformation driven by new sources of energy generation (solar and wind power), consumer demand for faster and more affordable services and cyber security. The emerging modern grid demands accurate data and electric network information. As a result, managing data to harvest insights and forecast more accurately has huge potential to optimise operations. Utilities must therefore overcome current constraints and limitations to ensure high quality operational data is available.
By Dan Beasley, Director, Utilities, Cyient
Ricardo Rossello, Governor of Puerto Rico, has announced that he is moving to privatise the publicly-owned Puerto Rico Electric Power Authority (PREPA) after the lengthy recovery from the damage caused by hurricane Maria.