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Total Results : 240

Zimbabwe seeks funds to improve power infrastructure

2018-12-03 04:33:40.508836
David Flin

A report from the African Development Bank (AfDB) states that Zimbabwe requires $1.2 billion to finance new power projects and repair ageing infrastructure.

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.