Staff Reporter

Reliance Power Limited has placed an order for 30,000 megawatt capacity of boiler, turbine, generator packages with theShanghai Electric Group Company. It will be used for its coal based power plants. Reliance Power and SEC have signed memorandum of understanding to cover the financing with leading Chinese Banks such as Bank of China, China Development Bank, the Export-Import Bank of China and Industrial and Commercial Bank of China. The agreement with the Chinese banks allows Reliance Power to get financing for importing Chinese equipment for up to $12 billion.

Reliance Power will borrow US$5 billion with the Export-Import Bank to  finance its 900-MW of renewable technologies. These include solar and wind energies as well as up to 8,000 MW of gas-based power-generation technology.

Pakistan will give incentives builders and constructors which complete their projects before scheduled completion time.

A hydropower project in Nepal is being eyed by three Indian companies and a joint venture and three Chinese companies.

IBM is collaborating with POSCO ICT to develop South Korea’s first renewable energy management system for a smart grid. As part of South Korea’s national Smart Grid initiative to achieve the vision of “Low carbon, Green growth,” the intelligent renewable energy management system will be installed as a showcase at the Smart Grid Demonstration Complex located on Jeju Island.

The first 500 MW unit of Indira Gandhi Super Thermal Power Project at Jhajjar has been commissioned after achieving full load.

NTPC and the electricity supply companies of Karnataka have signed power purchase agreement for the 4,000 MW Kudgi plant.

Japan’s Premier Naoto Kan affirmed his country’s commitment to meet all of Vietnam’s requirements in   implementaing its nuclear power project. This includes providing preferential loans, technology transfer, human resource training, cooperation in waste treatment and ensuring a stable supply of materials during the project’s life-time.

The Nam Lik 1-2 hydropower project in Laos successfully reached the planned water level of EL.305m recently.

The first-stage of Jiuquan wind energy base, China's biggest wind farm project,  has been completed. It is located in the desert area near Jiuquan city, northwest China's Gansu province, which has abundant wind resources. 

The Punjab government signed memoranda of understanding with two Chinese companies for cooperation several hydro, wind and solar power projects across the province.

Alstom inaugurated its new hydropower manufacturing facility at Tianjin in China. The new site is to be named Alstom Hydro China Co. Ltd. or AHC and will, over time, fully replace Alstom’s original factory in China, Tianjin Alstom Hydro or TAH.

Lord Prescott was impressed with was he saw in Dezhou City while witnessing the signing of a strategic agreement. The agreement between the British company NICG and Dezhou City aims to globalise the achievements of Dezhou. After touring facilities in Dezhou, Lord Prsecott said, “With the scale of developments in Dezhou it is heading to be the leading global new energy city. It is a shining example of how new energy can create thriving industry and millions of jobs.” Lord Prescott is in China preparing for the next UN climate change conference in Cancun in Mexico. Recently, he was a keynote speaker at the Economist China Summit and today he was in Dezhou.

ADB is hopeful that Asia can get US$ 10 trillion to finance sustainable energy projects over the next 20 years.

A US$8.2 billion offshore demonstration wind project will be built by South Korea in the Yellow Sea.

The Upper Kotmale tunnel will carry water from Kotmale River to the power station which is slated to add 150 MW of electricity annually to the National Grid.