Korean-invested Doosan Heavy Industries Vietnam (Doosan Vina) announced that it has received an order to manufacture four 4,000-ton seawater desalination plants for Saudi Arabia. The order came from Doosan Vina’s parent company Doosan Heavy Industries & Construction of South Korea who earlier had announced a US$1 billion order from the state-run Saline Water Conversion Corporation of Saudi Arabia. The c ...

A few months from now, the second desalination plant in Nemmeli will start supplying water to the city, and Chennai Metrowater will incur huge expenses in buying it — placing massive financial stress on an agency already burdened by revenue deficits for over six years now. In the last fiscal year alone, the difference between the water agency’s income and expenditure was nearly Rs. 100 crore. One major reas ...

China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”) (MY), a leading wind turbine manufacturer in China, today announced that Guangdong Mingyang Wind Power Industry Group Limited (“Guangdong Mingyang”), a subsidiary of Ming Yang, has entered into a financing framework agreement (the “Framework Agreement”) with Reliance Power Limited (“Reliance Power”), the largest private sector power com ...

China Guodian has begun to develop a 150MW offshore wind farm in Xiangshan county, in waters off the eastern province of Zhejiang, in partnership with Ningbo Electric. Construction will begin next year, according to Xiangshan county officials. The 150MW offshore wind farm will feature 50 3MW turbines, with China Guodian thus far declining to specify the turbine supplier. Annual electricity generation is for ...

Spanish company Gamesa has secured an engineering, procurement and construction contract from Indian public sector enterprise SJVN for the 47.6MW to the wind farm in Maharastra. The scope of the contract includes the installation of 56 Gamesa 850 kW turbines alongside a ten-year operation and maintenance award. Commenting on the state of the Indian power sector Gamesa India chairman and managing director Ra ...

China Development Bank Corp. agreed to provide 30 billion yuan ($4.8 billion) of funding to China Guangdong Nuclear Power Holding Co. over the next three years to develop wind power projects at home and abroad. Loans, bonds and leasing may be used to finance the construction and operation of the wind farms, the state-owned bank said in a statement on its website yesterday. The terms weren’t disclosed. Guang ...

Engineering, procurement and construction (EPC) companies like L&T, Kalpataru Power and KEC International plan to participate in eight transmission projects of Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) as developers for a 35-year concession. Tenders for the projects are expected next month. The decision to run the projects on a ‘build, own, operate, maintain and transfe ...

Power transmission concessionaire National Grid Corp. of the Philippines (NGCP) will issue P5 billion worth of fixed rate corporate notes to finance its capital expenses, a top company official said. NGCP president and CEO Henry Sy Jr. said they have signed an agreement with a number of banks for the issuance. Henry Sy Jr said they have commissioned Standard Chartered Bank (Philippine branch) as lead manage ...

Despite being the capital of Manipur, Imphal barely gets power for 5 hours a day. This is just the tip of the iceberg. Parts of Imphal East get only two hours of power each day - for one hour early in the morning, and for one hour in the afternoon. This makes everyday life difficult for people living in these areas. Businesses get affected and they need to rely heavily on inverters. Not only is this inconve ...

The Natural Energy Development Co. Ltd. (NED), owner of the largest thin film solar power plant in the world, is interested in sharing its expertise in solar energy to the Philippines. The Thailand-based solar firm, which operates a 224-hectare solar power plant, believes that solar technology such as theirs will be viable in a country like the Philippines. Chaiwut Saengpredekorn, plant manager of the Lopbu ...