Energy industries
Reliance Industries, the Fortune-500 conglomerate, is set to benefit from a possible upgrade by Moody's Investors Service, a global credit agency. The upgrade, triggered by the company's demerger of finance, telecom, and power businesses, could enable Reliance to raise funds at a lower cost, thereby reducing
Energy industries
The Lao People's Democratic Republic has received a PHRD grant to conduct a study on ownership and benefit-sharing for the proposed 500 kV interconnection between China, Laos, and Thailand. The study aims to review and analyze available information on ownership, implementation, operation, and maintenance transactions in other regions
Energy industries
Shimizu Corp. has designed a innovative power supply system aimed at conserving energy in office buildings, plants, and other structures. The system allows multiple small-scale power sources, such as wind turbines and gas engines, to be linked together, potentially cutting power costs by 30%. This development is part of Shimizu&
Energy industries
The Lao People's Democratic Republic has received a PHRD grant to conduct a consulting services project for the Power Import and Export Study, aimed at reviewing and recommending adjustments to existing plans for the development of physical infrastructure for import and export of electricity. The study objectives include
Energy industries
The National Power Corporation (NPC) in the Philippines has received a loan from the Asian Development Bank (ADB) to fund the Electricity Market and Transmission Development Project. As part of this project, a tender has been issued for the supply and delivery of substation equipment for the Mindanao substation expansion.
Energy industries
A Canadian firm, Axor Group Inc, will invest $500 million to set up a 100 MW wind farm in Pakistan, enabling the country to make its entry into the league of Green Energy users. This investment marks a significant milestone in Pakistan's transition to renewable energy, with the
Energy industries
In a significant year for the company, Siemens signed several high-profile contracts in China, solidifying its position as a leading player in the country's electronics and electric market. The contracts, worth a total of over €800 million, came from various sectors, including power generation, transportation, and telecommunications. These
Energy industries
State-owned National Thermal Power Corporation has secured an exemption from market regulator SEBI for a 5% public issue of shares, paving the way for an IPO later this year. The exemption, granted due to market concerns about the huge size of the issue, will allow NTPC to raise funds for
Energy industries
The Asian Development Bank (ADB) has approved a technical assistance grant to help the government of Afghanistan prepare a national power transmission grid project. The project aims to interconnect the northwestern power system with northern and central power systems to supply electricity to the provinces of Badghis, Faryab, and Jawzjan,
Energy industries
US energy group TXU has solidified its position as the UK's biggest electricity retailer after acquiring Norweb's supply business in a deal worth over £500m. The purchase of the business from United Utilities for £310m in cash adds 1.8m customers in north-west England to TXU&
Energy industries
CMS Energy Corporation's oil and gas exploration and production unit, CMS Oil and Gas Company, has made two substantial new discoveries in Texas, including a well that has flowed at a rate of 7.5 million cubic feet per day of gas. The discoveries, which are part of
Electric utilities
FPL Group and Entergy Corp. will join forces in a $7-billion stock deal to create the nation's largest power company, serving more than 6.3 million customers across five Southern states. The combined company will surpass American Electric Power Co. and become the largest US power producer, with
