Contribution By Saif Bepari
March 2, 2019
China has reportedly made plans to launch a national oil & gas pipeline group by uniting the long-distance pipeline resources of nation’s state-owned power companies, in one of sector’s biggest reshuffle in over two decades. Sources close to the matter claim that the change is …
Meralco-led consortium to acquire power distribution utility in Ghana
February 25, 2019
Millennium Development Authority (MiDA) has finalized February 27 as the acquisition date of the Electricity Company of Ghana Limited (ECG) Meralco-led Power Distribution Services Ghana Ltd is slated to invest USD 580 million to turn around the operations of ECG A consortium led by Philippines-based …
AES Corp. to erect 100-MW energy storage structure in Arizona
February 25, 2019
The U.S.-based electric power distribution company, AES Corp., has reportedly been selected by the APS (Arizona Public Service) for the construction of a four-hour duration battery-based, 100-MW energy storage system in Arizona. The delivery of the system is aimed at providing grid stability, coupled with …
AEP to acquire 724-MW wind energy assets of Sempra Renewables
February 14, 2019
The AEP (American Electric Power) has reportedly announced that its renewable energy subsidiary has entered into an acquisition agreement with Sempra Renewables LLC, one of the subsidiaries of Sempra Energy. The agreement entails the purchase the latter’s 724 MW (megawatts) of operating wind production & …
EnergyAustralia to help charities reduce electricity costs using solar
February 13, 2019
The $15 million initiative aims to help charities reduce their electricity expenditure by installing solar panels & battery systems free of cost. The company would be conducting energy audits for the participating charities to determine how they could achieve more energy efficiency. EnergyAustralia, an …
UAE’s AMEA Power forays into sub-Saharan renewable energy sector
February 7, 2019
The company has inked an MoU with the Republic of Chad to build a PV facility. AMEA Power is further exploring investment opportunities in Sierra Leone as well. The UAE-headquartered renewable energy company AMEA Power has reportedly inked a Memorandum of Understanding (MoU) with …
Florida power utility firm begins operations at four new solar plants
February 2, 2019
Florida Power and Light Company (FPL) has recently confirmed that operations have started at the firm’s four new solar power plants, which have now officially begun powering FPL’s customers. The company has seemingly invested billions of dollars in clean energy and has helped keep its …
Brazil government plans to sell assets worth USD 20 billion this year
January 31, 2019
Brazil can raise up to 800 billion reais (USD 214 billion) by selling stakes of the state-owned firms. Banco do Brasil could sell up to 16 subsidiaries, while Petrobras is likely to sell most of its 36 subsidiaries. The Brazilian government is reportedly planning to …