Vestas has assisted Vietnamese developer Tan Hoan Cau Joint Stock Corporation to secure funding for the 33MW Huong Linh 1 wind farm in the south-east Asian country. The turbine manufacturer's structured finance business coordinated the financiers, which included the Danish Export Credit Agency (EKF), an offshore bank and a Vietnamese bank, to provide money for the project. “By having a thorough market and c ...

GE T&D India Ltd, part of GE’s grid solutions business in India, today announced it has bagged a Rs 150 crore order from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) for modernisation of its power grid network. The technology-driven project is part of the power utility’s roadmap – called Smart Transmission Network and Asset Management System (STNAMS) -- to implement grid initiatives and augmenting ren ...

Milestone includes welcoming EnBW, Total, and State Grid EV Service Co. as the Energy Web Chain approaches genesis block Zug, Switzerland, 12 March 2019 —The Energy Web Foundation (EWF) today announced it has officially signed more than 100 Affiliates. In addition to developing the enabling core blockchain technology, EWF has assembled the industry’s largest energy-blockchain ecosystem comprising diverse en ...

AYALA CORPORATION’S POWER ARM AC ENERGY IS LOOKING FORWARD TO CLOSE A FINANCIAL DEAL WORTH $1 BILLION FOR RENEWABLE POWER PROJECTS FOR THE NEXT 12-18 MONTHS. The planned project will have a capacity of around 800 MW and will be located in Australia, Vietnam, and Philippines. “In Australia, we are hoping to get financial close for the first half of our 700-MW solar project, so call it 350 MW. For Vietnam, I ...

As Southeast Asia becomes one of the fastest developing regions in the world, concerns over its energy security is fast growing. Southeast Asia has a combined population of over 600 million people and an economy worth nearly US$3 trillion. Furthermore, the World Economic Forum (WEF) forecasts that the region will become the fifth largest economy in the world by 2020. With the region developing rapidly, dema ...

Work has begun on a new $275 million wind farm in western Victoria able to power more than 115,000 homes each year. The construction of the 35-turbine Mortlake South wind farm, near Mortlake in Victoria, will create 90 new jobs in the region and 34 ongoing jobs for locals. Construction at the Mortlake South Wind Farm is part of a boom in new wind farms that includes the Kiata project. The farm will be built ...

International technology group ANDRITZ has signed a contract with the Indian state utility company KARNATAKA POWER CORPORATION LTD. to refurbish and renovate the Shivasamudram hydropower plant located in the southern state of Karnataka. Shivasamudram is one of Asia’s oldest hydropower plants and was built in 1902. The ANDRITZ scope of delivery includes the supply of equipment for the turbines and auxiliarie ...

Japan's Mitsubishi Hitachi Power Systems (MHPS) plans to expand its footprint in Bangladesh in a bid to grab more market shares. As part of the move, the thermal power generation company, which has operations in America, Europe and Asia, has opened its full-fledged office in Dhaka last Monday. Ken Kawai, chief of the Asia-Pacific region of the MHPS, said the company has already set up five mega gas turbine ...

EDISON AND ANSALDO ENERGIA ANNOUNCE AN AGREEMENT THAT WILL MAKE THE THERMOELECTRIC POWER PLANT OF PORTO MARGHERA THE MOST EFFICIENT IN EUROPE: AN INDUSTRIAL RECORD-BREAKER, A VIRTUOUS EXAMPLE OF THE COUNTRY’S ENERGY TRANSITION The intervention has an overall value of more than 300 million euros, which will also be used for the construction of a “class H” GT36 gas turbine: an Italian technological excellence ...

A deal has been signed to develop two massive new coal-fired power stations near Kurri Kurri in the New South Wales Hunter region, according to a Hong Kong-based investment firm. We can reveal that local authorities – including the Cessnock mayor, Bob Pynsent – have been briefed about the unusual plans to turn the failed Hunter economic zone into a 2,000 megawatt coal power plant. In a statement to the Hong ...