JSW Energy Limited (JSWEL) has put on hold its plan to acquire GMR Kamalanga Energy Limited (GKEL), three months after announcing the deal, citing uncertainties in the wake of the Covid-19 pandemic. In February 2020, […]
ReNew Power has won India’s first e-reverse auction for supplying 400 MW renewable energy round the clock, quoting the lowest tariff of Rs 2.90 per unit. The company has quoted a 3 per cent annual […]
ACME Solar has decided to cancel the PPA with Solar Energy Corporation of India (SECI) to supply solar power at Rs 2.44 per unit, the lowest tariff discovered in auctions so far, citing force majeure. […]
The IL&FS Group has invited expressions of interest for the purchase of its stake in ONGC Tripura Power Corporation (OTPC). The Group holds 26 per cent stake in OTPC, which operates the 726.6 MW Palatana […]
The Emirates Water and Electricity Company, a subsidiary of the Abu Dhabi Power Corporation (ADPower), has received the world’s lowest solar tariff at AED 4.97 fils per kWh US $ 1.35 cents per kWh) for […]
The Abu Dhabi National Oil Company (ADNOC) and ADPower have jointly issued a request for proposals for the development and operation of a 3.2 GW high voltage direct current (HVDC) subsea transmission system, which will […]
Jordan’s state-owned National Electric Power Company (NEPCO) will receive financial aid worth $100 million in the form of an emergency loan from the European Bank for Reconstruction and Development. The loan is for preserving the […]
Bahrain’s Electricity and Water Authority has awarded the US-based GE Grid Solutions a contract worth BHD 11.2 million for the establishment of the new System Control Centre (SCC). The new SCC will replace the existing […]
Indonesia’s state electricity utility Perusahaan Listrik Negara (PLN) has reduced its 2020 revenue target by 14.6 per cent to IDR 257 trillion from IDR 301 trillion, owing to the effect of Covid-19 on power demand. […]
The Japanese government has tightened foreign investment rules for power companies. As per the revised law, the threshold that foreigners are allowed to hold an equity stake in Japanese-listed companies has been reduced from 10 […]
Singapore-based integrated energy company Sembcorp Industries has signed a 25-year power purchase agreement (PPA) for its 60 MW floating solar plant Tengeh Reservoir with the national water agency, the Public Utilities Board (PUB). The agreement […]
South Korea has unveiled the draft 9th Basic Plan for Long-term Electricity Supply and Demand, which targets to increase renewable energy share in the installed capacity to 40 per cent by 2034 from the current […]
South Korean Hyundai Engineering and Construction Company has bagged contracts worth $28.6 million from the Saudi Electricity Company (SEC) and Saudi Aramco for providing power transformers and GIS. The contract with SEC is valued at […]
Siemens Gamesa has secured a contract to supply an innovative hybrid plant in the Philippines for Berkeley Energy. The hybrid project, located in Oriental Mindoro province, will combine the existing 16 MW wind power facility […]
China-based Jiangsu Seraphim Solar System Company Limited (Seraphim) and Malaysia-based ERS Energy Sdn Bhd (ERS) have signed an agreement to supply 183 MW of high efficiency solar modules for projects in the Philippines. AC Energy, […]
The Asian Development Bank has signed a THB 235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited, a subsidiary of BCPG Public Company Limited, to finance a 10 MW wind power plant in southern […]
Danish turbine maker Vestas Wind Systems has secured an order for two wind projects totalling 64 MW in Vietnam. The wind projects are owned by local companies Huong Tan Wind Poser Joint Stock Co. and […]
Siemens Gamesa Renewable Energy expects to supply the new SG 14-222 direct drive offshore wind turbine at the upcoming 300 MW Hai Long 2 project in Taiwan. The deployment of the new turbine is also […]
A long-term tripartite cooperation agreement has been signed by the Chinese grid company State Grid Corporation of China (SGCC), the Shaanxi provincial government and the Hubei provincial government for the North Shaanxi-Hubei ultra high voltage […]
Swedish-Swiss power and automation technology company ABB, via its power grids business vertical, has successfully commissioned the world’s first 1,000 kV UHV gas-insulated line (GIL) laid in the Sutong tunnel, under the Yangtze river located […]
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