The Transmission Company of Nigeria (TCN) has secured $2 billion to rehabilitate national grid infrastructure, and expand its transmission capacities up to 20,000 MW within the next three years.
Mateus Magala, Chairman of Electricidade de Moçambique (EdM), Mozambique’s state-owned electricity company, said that EdM intends to supply power to the whole country by 2030, in a project expected to cost over $16 billion.
Despite India’s policy to support private sector investments in power transmission, the projects awarded under competitive bidding more than halved from $3.3 billion last year to $1.5 billion in FY17.
Sumitomo Heavy Industries (SHI) of Japan has announced that is has completed the share acquisition of FW Energie.
Chandrashekhar Bawankule, Minister of State for Energy, New and Renewable Energy for the Indian state of Maharashtra, said that the Maharashtra Government will shut down all power stations that have been running for move that 30 years in a phased manner.
Sri Lanka’s Ceylon Electricity Board plans to add 500 MW of capacity in 2018, consisting of 15 MW of mini hydro power, 160 MW of solar power, 5 MW of biomass, and 320 MW of oil-based power.
The Irish energy regulator has said that it is considering plans to shut several power plants to reduce the cost of guaranteeing electricity supply.
GE Power has signed a services contract worth over $3 billion with Sonelgaz SPE, an Algerian utility.
Tokyo Electric Power Co (Tepco) and Toshiba are working together to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with the clean-up costs of Fukushima.
The US Senate is in the process of developing a law to create an on-line portal that would fast-track putting up new power generation facilities.