News

A Mongolian and a Chinese mining company have signed a coal deal worth US$ 250 million.

China's nuclear power developers are turning to equity investors for funding as interest rate hikes.

The nuclear power complex at Kalpakkam will soon have a nuclear desalination plant, now being built by the Desalination Division, Bhabha Atomic Research Centre, at Rs.40-crore.

Anwell Technologies subsidiary Dongguan Anwell Digital Machinery has received CNY700m ($108.6m) to build a new thin film solar panel manufacturing unit in Dongguan, China. The company received the loan from the municipal government of Dongguan, which will now become a 19.5% stake holder in Dongguan Anwell. Five years after the investment, the government will have an option to sell its shares in Dongguan Anwell to Anwell at cost plus interest. In addition to this investment, the company has recently received CNY1.2bn ($186.2m) in long-term finance for the second thin film solar panel plant in Dongguan and expansion of Anyang thin film solar panel plant from the municipal governments of both cities. Anwell plans to increase its production capacity to 1.5GW in the next five years.  

CLP Nuclear Investment Company will invest CNY70 billion or $10.9billion in the Yangjiang nuclear power station in Guangdong, China.

NTPC’s power trading arm NTPC Vidyut Vypar Nigam would export 250 Mw of power to Bangladesh, from the company’s 15 per cent unallocated quota.

Mongolia has expressed its reservations to host a facility to store or dispose of spent nuclear fuel from other countries.

Chugoku Electric Power resumed operation at the trouble-hit Misumi thermal plant in Shimane Prefecture.

Hokuriku Electric Power will build a liquefied natural gas-fueled power generation facility in Imizu, Toyama Prefecture.

Bangladesh's Energy Advisor Tawfiq-E-Elahi Chowdhury revealed that the government is working to set up a regional connectivity network to exchange power and energy among the countries in the region.

NTPC may commence work on its 1,320 Mw thermal project in Bangladesh in the next six months.

India's Reliance Power is seeking a loan of INR28bn ($625m) from the US Exim Bank for the construction of a 2,400MW gas-based power plant in Andhra Pradesh, India. The loan is a part of the $5bn deal with Reliance Power for the purchase of US-manufactured equipment for power projects. US Exim Bank president and chairman Fred Hoghberg told the Times of India. The company expects the loan to be disbursed by next month. Besides the $5bn deal with the US Exim Bank, Reliance Power has struck a deal with the Chinese Exim Bank for $12bn to fund power projects.  

The Tokyo Metropolitan Government plans to construct a natural gas-fired thermal plant in Tokyo, Japan, amid the nuclear crisis at the Fukushima Daiichi plant. Tokyo Governor Shintaro Ishihara said the plant will be constructed by the local government with the help of private capital including foreign investment, as the capital faces uncertainty over future power supply. Construction of the plant is estimated to cost around JPY50bn ($640m) and will be built and operated by a private sector on a site offered by the local government. The power generated from the plant will be equal to one nuclear plant, reports Dow Jones.  

Chubu Electric Power will construct a 16 kilometer long, 18 meter high tsunami defence wall around its Hamaoka nuclear plant in Tokyo at an estimated cost of around JPY100 billion or $1.3 billion.

Hydropower plants in Himachal Pradesh were shut down due to the high silt level in Sutlej river, sparking a power crisis in Punjab, Haryana and Delhi.

India's brokerages prefer equipment made by Bharat Heavy Electricals Limited, saying its offerings have an “edge” over rivals from China.