Asian Development Bank (ADB) will provide additional $12m as loan to finance a cross-border electricity supply initiative between Bangladesh and India. With this additional support, the lender came up with a total of $112m for the $199m project called the “SASEC Bangladesh–India Electrical Grid Interconnection Project.” The fresh funding will meet the shortage of money required for the project. To this effe ...

Suzlon Group subsidiary REpower Systems SE has installed its 5,000th turbine, located near Buchen in the Neckar-Odenwald district, Germany. In total, REpower has so far installed more than 9.6 GW of capacity, enough to supply more than 18 million people, or the entire population of the Netherlands, with electricity. “We are delighted that we contribute to a clean energy supply as a reliable partner with pro ...

This year’s Asia Pacific Competitive Strategy Leadership Award, presented by global corporate consultants Frost & Sullivan, went to Siemens Infrastructure and Cities Sector, Smart Grid division; in the ‘Grid Management’ category. The award is given to companies whose practices not only identify megatrends in grid management and their impact, but also offer pioneering solutions, products and services to ...

The sun is literally shining bright for India's green energy sector. And the government is taking a leap of faith by conjuring up unheard of mega-scale solar power plants astariffs head south since the launch of Jawaharlal Nehru National Solar Mission (JNNSM) in January, 2010.Solar power tariffs have come down to Rs 8.50 per unit from Rs 18 a few years ago, removing one ofthe major impediments to the sector ...

APR Energy is pleased to announce a strategic alliance with GE, extending the reach of both companies in the growing fast-track turnkey power solutions space. Under terms of the deal, GE contributes its turbine rental business to APR Energy in return for cash and approximately 16.5 percent of APR Energy, making GE a key strategic investor in the company. Additionally, GE and APR Energy have entered into a s ...

India’s largest power producer, NTPC Limited, was planning to enter the coal-mining industry, with the aim of producing coal from captive domestic mines, as well as forming plans to acquire overseas coal assets. According to an official in the Power Ministry, NTPC's entry into the coal mining market was strategic - to source 100-million tonnes a year of coal from ten captive mines, and to gain more efficien ...

Inspectors have refused to hand report on Electricity of Vietnam violations to police. The Government Inspectorate, whose inspectors recently indicted the state-owned Electricity of Vietnam for investing in completely unrelated businesses, has refused to share their report with the police saying that requires government permission.  Deputy chief inspector Ngo Van Khanh said at a press conference in Hanoi on ...

Japanese and Korean power players are exploring more investment opportunities in the Philippines and are open to joint venture partnerships with local players, an energy official said Friday. Energy Secretary Carlos Jericho Petilla told reporters Korea Electric Power Corp. and Japanese firms Mitsubishi Corp. and Mitsui & Co. Ltd. were now studying investment opportunities in the country. “Kepco is serio ...

Mudajaya Group Bhd has set its sights on building and operating two ultra mega power plant (UMPP) projects with a capacity of 4,000 megawatts (MW) each in India. The group is looking for a partner -- either from Malaysia or India -- to form a consortium with its current partner in India to bid for the projects. Currently, Mudajaya is undertaking 1,440MW coal-fired power plant through its 26 per cent associa ...

South Korea’s plan to almost halve its planned use of atomic power will encourage the world’s second-largest buyer of liquefied natural gas to sign new supply deals, according to Woodside Petroleum Ltd. The likely increased demand from Korea, which taxes coal to discourage use of the dirtier-burning fuel, will give buyers such as Korea Gas Corp confidence to commit to the fuel to comply with government poli ...