Staff Reporter
Shanghai Electric raising funds to acquire nuclear power assets
Shanghai Electric raising funds to acquire nuclear power assets
Shanghai Electric Power plans to raise CNY9.5 billion or $1.47 billion through private share placement to diversify its power business.
Vestas gets 92MW Wind Turbines deal for Asia Pacific project
Vestas will supply, install and commission 51 units of V100-1.8 wind turbines totaling 92MW for an Asia Pacific wind project on a turnkey basis.
Chubu Electric to Buy Hydro Power Projects from Mie Prefecture
Chubu Electric is in talks to acquire 98MW of hydro power plants from the state government of Mie Prefecture for JPY10.5bn or $135 million.
Drilling completed at Bhutan hydroelectric power project
The total drilling completed at the 600 MW Wangchu hydro-electric project in Bhutan amounts to 750.5 m.
Barc sets up world's largest nuclear desalination plant
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.
Dongguan Anwell Receives Funds to Build Solar Unit in China
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.
CLPNIC to Invest $10.9bn in Yangjiang Nuclear Power Station
CLP Nuclear Investment Company will invest CNY70 billion or $10.9billion in the Yangjiang nuclear power station in Guangdong, China.
NTPC to export 250MW to Bangladesh
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.
Advisor: Bangladesh power needs advanced technology
Energy Advisor Tawfiq-E-Elahi Chowdhury said the government will address shortcomings in the energy sector through comprehensive initiatives and adoption of state-of-the-art technology.
Mongolia unsure about nuclear fuel repository plant
Mongolia has expressed its reservations to host a facility to store or dispose of spent nuclear fuel from other countries.
Unit 1 of Misumi thermal plant restarted
Chugoku Electric Power resumed operation at the trouble-hit Misumi thermal plant in Shimane Prefecture.
TEPCO turns to LNG after nuclear crisis
Tokyo Electric Power Co. will procure 3.1 million tons of liquefied natural gas each year from an offshore gas field in northwestern Australia for up to 20 years beginning 2007.
Hokuriku Electric to build 1st LNG-based power output facility
Hokuriku Electric Power will build a liquefied natural gas-fueled power generation facility in Imizu, Toyama Prefecture.
Bangladesh working for regional connectivity
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.
Amonix, Thermax to bring solar power services to India
In an effort to help India meet its Solar Mission goal of 1000MW of grid-connected solar power projects by 2013, Thermax Limited and Amonix signed a new deal to bring CPV technology to India.
NTPC prepares to start work on Bangladesh plants
NTPC may commence work on its 1,320 Mw thermal project in Bangladesh in the next six months.
Reliance Power to Receive US Exim Bank Loan for New Projects
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.
Commentary
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