Experts have expressed concern that Korea Electric Power Corporation (KEPCO)’s financial costs will rise sharply as the war in the Middle East pushes natural gas prices ever higher.
The Bangladesh government has announced plans to construct a 70 MW grid-connected solar power plant on 171 acres of unused land within the Matarbari coal-fired power plant complex in Meheshkhali, Cox’s Bazar. The project is scheduled for completion by 2028.
GE Vernova has announced that it has signed an agreement to acquire Trench Group, a producer of high-voltage grid equipment, from investment firm Triton Partners.
For data centre developers, the question is not simply whether a site can secure enough power but whether it can deliver the right power, at the right time.
By Cameron Thompson, Head of Power Infrastructure, BCS Consultancy
UK’s National Energy System Operator (NESO) has said that the country’s electricity system was “resilient to the challenges it may face over the winter”. This is part of a report commissioned after concerns had been expressed.
Grid reform will take time, but the constraint bill will not wait. Developers, asset owners and energy buyers should focus on what can be controlled now.
By James Clark, Business Development Manager at SmartestEnergy
The US government has declared a short-term power grid emergency to prevent possible power outages across the Mid-Atlantic region, where the electricity grid serves about 67 million people.
Azerbaijan has announced that it continues to support Ukraine with another shipment of power equipment to help restore and maintain the power grid with the approach of the heating season.
Korea Electric Power Corporation (KEPCO) has confirmed that South Korea’s government plans a major restricting of the company. It confirmed that under the terms of a recently announced Public Institution Function Reform Promotion Plan, its five power generation facilities will be merged into a single entity.
Hitachi Energy has signed agreements worth €350 million with Enedis, France’s leading distribution system operator. The long-term agreements are for the delivery of distribution and power transformers to strengthen France’s electricity grid.