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.
The Pakistan Government has passed ownership of two pieces of land, each measuring 175 acres, to the China Electric Power Equipment and Technology Company (CET), owned by the State Grid Corporation of China.
GE has announced that it has secured over $1.4 billion in orders from Iraq’s Ministry of Electricity (MOE) to set up power plants and provide technology upgrades and maintenance services.
Iran has approved the attraction of $11.8 billion in foreign direct investment (FDI) during 2017, according to a report recently published on the Iranian Government’s official website.
Iran has suspended power supply to Iraq since the start of 2017, following the ending of the electricity export contract between the two countries.
Columbia nuclear power station in the state of Washington, USA, was shut down unexpectedly on 18 December.