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.
Mitsubishi Power Systems, a wholly owned subsidiary of Mitsubishi, and Kansai Electric Power Co (KEPCO) have established a new joint venture.
The state government of Andhra Pradesh in India has unveiled plans to add 11,670 MW of additional power generation capacity.
Saidu Mohammed, Chief Operating Officer of the Nigerian National Petroleum Corporation (NNPC), has said that it will develop about 4000 MW of power capacity over the next ten years to boost power supply in the country.
The Philippine Department of Energy (DoE) has proposed a threshold of $70 million for power generation ventures to be declared as projects of national significance, simplifying the permitting and regulatory process.
FirstEnergy, based in Ohio, USA, has announced that its decision to sell or close power plants that operate in competitive markets has forced it to impair a significant portion of its portfolio, and led to a $6.2 billion loss in 2016.
The General Electric Company of Libya (GECOL) has announced that its maintenance teams have managed to restore the link between the eastern and western power networks after over two years of separation.
The State Grid Corporation of China, the world’s largest utility company, has announced that it has concluded a deal for a 54.64 per cent stake in Brazil’s largest power distributor CPFL Energia.