Alstom Grid has energised its second turnkey HVDC project in South Korea, establishing a 400MW bi-directional transmission line between Jindo and the island of Jeju. The project follows a scheme delivered by the French company in 1997 and will help the Korean government deliver on plans for a low-carbon economy. Jeju is 100km south of the peninsular mainland and previously operated on an independent electri ...

State-owned power producer Electricity Generating Authority of Thailand (Egat) plans to venture overseas and could invest 17 billion baht in expanding into Laos, Vietnam, Indonesia and other regional markets, a group executive said. Thailand's domestic power demand is expected to reach 52,256 MW by 2030 from 26,355 in 2013. (EPA photo) EGAT will be joining private Thai power producers such as Ratchaburi Ele ...

China's state power grid is one of two bidders for a large stake in Italy's energy grids, but such a link could create problems because the Chinese and Italians both aim to buy assets around Europe, sources said. As part of a privatisation drive to cut public debt, Italian state lender Cassa Depositi e Prestiti (CDP) is trying to sell up to 49 per cent of CDP Reti - the vehicle that controls gas grid Snam a ...

The State Grid Corp of China, the country’s dominant power grid operator, will open two of its business sectors to new investors, including private and non-state companies, state media said on Tuesday. The two sectors, which cover distributed power grids and electric vehicle charging equipment, have an estimated market value of 200 billion yuan ($US32 billion), the official news agency Xinhua quoted State G ...

World leader in specialised loadbank manufacturing and testing solutions, Crestchic is set to strengthen local service and support to its Asia Pacific market following a recent global rebrand. Following parent company Northbridge Industrial Services plc’s recent acquisition of Crestchic (Asia Pacific) PTE Ltd (“CAP”), it has also renamed its Northbridge division in the region to align and strengthen the bra ...

Alstom T&D India, a unit of French engineering group Alstom, today said that it has bagged a Rs 50.66 crore order to renovate and modernise the grid substations in Bihar. “Alstom T&D India has secured an order worth Rs 506.6 million to renovate and modernise 132/33KV grid substations across various locations for Bihar State Power Transmission Company Ltd (BSPTCL),” the company said in a statement he ...

Herbert Smith Freehills has advised State Grid Corporation of China, the world's largest public utilities company, on its US$3.5 billion Rule 144A/Regulation S senior guaranteed notes issuance in Hong Kong. The issuer's notes were offered in three tranches- US$1.25 billion 2.750% guaranteed senior notes due 2019, US$1.6 billion 4.125% guaranteed senior notes due 2024 and US$650 million 4.850% guaranteed sen ...

Southeast Asia, with its high gross domestic product, escalating population and rural electrification drives, is energy-hungry. The region has enormous energy resources in the form of hydro, oil and gas and renewable, however, its electricity grids are unable to handle the additional loads. To better meet the soaring demand for electricity, utilities are investing in large-scale transmission and distributio ...

Tenaga Nasional Bhd (TNB) has signed a Memorandum of Understanding (MoU) with US-based Trilliant on a smart grid technical exchange collaboration. Trilliant is a leading smart grid platform company and the MoU follows the recent US-Asia Pacific Comprehensive Energy Partnership’s High-Levels meeting. TNB president and chief executive officer Azman bin Mohd said he was delighted to have the technical exchange ...

The bidding battle between General Electric and Siemens over Alstom seems to have found a preferred winner. The Wall Street Journal reported Tuesday that Alstom’s board had agreed not to seek out alternatives to GE’s proposed $13 billion takeover of its power and grid businesses. WSJ also reported that Alstom had agreed to sign a clause that prevents it from seeking competing offers to GE’s, which would pay ...