Vietnam Electricity (EVN) has signed a VND4.923 trillion contract with PC1 Group and Power Engineering Consulting JSC 4 to connect Côn Đảo to the national grid.
The project involves a 77.7 km 110kV submarine cable from Sóc Trăng to Côn Đảo, along with underground and overhead transmission lines. Construction begins in December 2024, and power supply is expected by Q4 2025.
This project aims to boost infrastructure and support the island’s economic and sustainable development.
EQT Active Core Infrastructure Fund and GIC have announced an agreement to acquire a majority stake in Calisen Group, a UK-based smart metering company, from Global Infrastructure Partners, BlackRock, Goldman Sachs Alternatives, and Mubadala Investment Company. Equitix will retain a minority stake. The transaction is subject to regulatory approvals. Headquartered in Manchester, Calisen owns, installs, reads, and maintains smart meters, with an installed base of 16 million units. The company aims to expand its smart…
Hitachi Energy has introduced Nostradamus AI, a cutting-edge artificial intelligence (AI)-powered energy forecasting solution. The solution leverages over 30 years of energy market data to provide utilities, power system operators, energy producers, and traders with highly accurate forecasts tailored to energy-specific use cases. Nostradamus AI is designed to be one of the first AI-driven forecasting tools specifically for the energy sector. It offers forecasts that are over 20% more accurate than many industry benchmarks, optimizing…
The Punjab government plans to set up 66 solar power plants, each with a 4 MW capacity, totalling 264 MW, to reduce reliance on fossil fuels and lower the state’s annual power subsidy. The project is expected to generate approximately 390 million units (MU) of electricity annually. The initiative, which includes feeder-level solarisation, is projected to save around Rs 1.36 billion annually and will be scaled up in the future. The project is set to…
A new transmission scheme is being developed to facilitate the evacuation of power from upcoming renewable energy zones (REZ) in the Sirohi and Nagaur complexes in Rajasthan. This initiative marks the fifth phase in a series of evacuation schemes from Rajasthan’s REZs, supplementing ongoing projects from earlier phases that include regions like Bhadla, Bikaner, Jaisalmer, Barmer, Fatehgarh, and Beawar. The scheme, termed “Transmission system for evacuation of power from Rajasthan REZ Ph-V (Part-1: 4 GW)…
Union Minister Jitendra Singh stated that bio-manufacturing will shape the future of the global economy, and India, with its abundant bio-resources, is well-positioned to lead this revolution. Singh emphasized that, while the West led the IT revolution, India has the potential to spearhead the next big shift in bio-manufacturing. Singh pointed out that bio-manufacturing offers solutions to global challenges such as climate change, resource depletion, waste generation, and pollution. It can help meet the increasing…
The Indian Power Ministry has issued new guidelines stating that wind power plants with Wind Turbine Generators (WTGs) operating at rated output at 40°C, without any de-rating, will comply with the normal operating range of the International Electrotechnical Commission (IEC) standard. De-rating refers to operating a turbine at lower power than its maximum capacity. This clarification comes in response to issues raised by the Wind Power Producers Association (WIPPA) regarding difficulties in obtaining approvals for…