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IBRD to provide $310 million loan for Jharkhand power system
- 2018-11-21 04:37:18.927354
- David Flin
The International Bank for Reconstruction and Development (IBRD) has announced that it will extend a $310 million loan for India’s Jharkhand Power System Improvement Project.
GE to reorganise GE Power into two businesses
- 2018-11-20 04:38:53.197786
- David Flin
GE has announced that it intends to reorganise GE Power into two businesses, GE Gas Power, comprised of Gas Power Systems and Power Services, and GE Power Portfolio, comprised of the Steam, Grid Solutions, Nuclear, and Power Conversion businesses.
EU imposes freeze on UK back-up power subsidy scheme
- 2018-11-16 06:10:30.753368
- David Flin
The European General Court has suspended the UK’s subsidy scheme for back-up electricity generation, stating that the payments system should be subject to a state aid investigation.
Gulf requires $100 billion investment for power sector over the next five years
- 2018-11-06 05:55:08.728551
- David Flin
The MENA Power Industry Outlook 2019, a report prepared by Ventures Onsite, says that the GCC region is expected to require power infrastructure investment totalling $109 billion over the next five years.
EIB backs Norway-Germany power link
- 2018-08-17 07:28:58.115446
- David Flin
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 and Energy China sign MOU
- 2018-06-11 06:07:48.415677
- David Flin
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.
Major power blackout hits half of Pakistan
- 2018-05-17 06:45:35.578712
- David Flin
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.
AEP to invest $17.7 billion into upgrading power grid
- 2018-04-25 04:51:07.377500
- David Flin
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.
Puerto Rico hit by island-wide power blackout
- 2018-04-19 06:48:16.614679
- David Flin
A power line failure in southern Puerto Rico cut electricity to almost all of the island on 18 April.
Middle East and North Africa requires $260 billion investment in power plants
- 2018-04-18 06:04:43.137729
- David Flin
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.
