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South Korea to dismantle Kori-1, its first nuclear decommissioning

South Korea will begin decommissioning its first nuclear power plant, Kori-1, marking a major step in its energy policy shift. The plant, commissioned in 1978, will be dismantled over 12 years at an estimated cost of Won 1.1 trillion ($810 million)...

World Bank grants $146 mn to rebuild Syria’s electricity network

The World Bank has approved a $146 million grant through the International Development Association (IDA) to restore Syria’s damaged power infrastructure. The Syria Electricity Emergency Project (SEEP) aims to repair high-voltage lines and...

World Bank and IAEA partner to support nuclear energy in developing countries

The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear...

Palantir and The Nuclear Company launch AI tool for nuclear projects

Palantir Technologies and The Nuclear Company have partnered to launch the Nuclear Operating System (NOS), an AI-driven platform aimed at cutting delays and cost overruns in U.S. nuclear construction.  Built on Palantir’s Foundry platform, NOS offers...

DGPC signs MoU with B.Grimm to develop renewable energy in Bhutan

Druk Green Power Corporation Limited (DGPC) has signed a memorandum of understanding (MoU) with Thailand-based B.Grimm Power Public Company Limited for the joint development of renewable energy projects in Bhutan. The agreement sets a framework for...

EU proposes transforming Mediterranean into Europe’s clean energy hub

A June 2025 briefing by E3G (Third Generation Environmentalism) and ECCO (Italian Climate Change Think Tank) proposes a strategic transformation of the Mediterranean into a clean energy hub for Europe. It calls for unlocking the region’s renewable...

New York to build 1 GW advanced nuclear plant

New York Governor Kathy Hochul has instructed the New York Power Authority (NYPA) to develop and construct a 1 gigawatt (GW) advanced nuclear power plant in Upstate New York.  The project aims to meet rising electricity demand driven by industrial...

EU launches Citizen Energy Advisory Hub

The European Commission has launched the Citizen Energy Advisory Hub (CEAH), a 3-year initiative to support citizen-led energy projects across the EU. It aims to help individuals, communities, municipalities, NGOs, and small businesses lower energy...

Spain’s April blackout: Grid failure or planning flaw?

Spain’s grid operator Redeia is at the centre of a major controversy after a government report blamed its mismanagement for the country’s worst electricity blackout in recent history. The outage, which began shortly after 12:30 PM on 28 April 2025...

China ramps up pilot hydrogen programme to meet 2035 targets

China’s National Energy Administration (NEA) has unveiled a nationwide pilot programme to scale hydrogen production, infrastructure, and end-use by 2035, Hydrogen Insight reported. The plan follows a related initiative released on December 31...

Kazakhstan selects Rosatom and CNNC to build first nuclear plants

Kazakhstan has chosen Russia’s Rosatom and China’s CNNC (China National Nuclear Corporation) to lead two international consortia for building its first nuclear power plants. The move supports Kazakhstan’s goal of adding 2.4GW of nuclear power...

Envision Energy and SUN Terra partner to scale energy storage in Asia-Pacific

Envision Energy Group has formed a strategic partnership with SUN Terra to build a full-scale energy storage ecosystem across Southeast Asia, India, and Australia. The collaboration will advance deployment of energy storage system (ESS) technologies...

EIB backs Bay of Biscay power link with €1.6bn investment

The European Investment Bank (EIB) has committed €1.6 billion (around $1 billion) to the Bay of Biscay electricity interconnection project, which will significantly expand electricity exchange between Spain and France. Led by Inelfe—a joint venture...

Seven countries selected for $1bn industry decarbonisation programme

The Climate Investment Fund (CIF) has announced the launch of a $1 billion Industry Decarbonization Program, selecting Brazil, Egypt, Mexico, Namibia, South Africa, Türkiye, and Uzbekistan as the first countries to participate. This initiative is the...

Meta backs 150MW geothermal project in New Mexico

Meta has signed a deal with XGS Energy to develop a 150 megawatt (MW) geothermal project in New Mexico. The project will support Meta’s growing energy needs, especially as it expands its data centre and AI infrastructure in the state. The geothermal...

Carbon pricing revenues exceed $100bn in 2024

The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a...

World Bank lifts nuclear funding ban for developing nations

The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new...

AI giants see 150% rise in emissions amid data centre energy surge

Operational emissions from leading AI-focused tech companies have surged, according to a new report by the World Benchmarking Alliance (WBA) and the International Telecommunication Union (ITU). From 2020 to 2023, emissions rose by an average of 150%...

Indonesia plans 69.5 GW new capacity by 2034

Indonesia’s Ministry of Energy and Mineral Resources has released its 2025–2034 Electricity Supply Business Plan, targeting 69.5 GW of new power generation capacity. Of this, 76 per cent will come from renewable sources and storage systems. The plan...

Global energy investment to rise to USD 3.3 trillion in 2025: IEA

Global energy investment is set to reach USD 3.3 trillion in 2025, up 2% from 2024, according to a report from the International Energy Agency (IEA), World Energy Investment 2025. Around USD 2.2 trillion will go to clean energy, double the USD 1.1...

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Power Sector News Roundup for June 16, 2026

MNRE adds RECPDCL, REIL as rooftop solar implementation partners The Ministry of New and Renewable...

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For the first time, no internal combustion engine (ICE) vehicle featured among China’s 10...

Global firms push faster electrification amid energy security concerns

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NPCIL erects reactor vessel at Kudankulam Unit 5

The Nuclear Power Corporation of India Limited (NPCIL) has completed erection of the Reactor...

NHPC completes boxing-up of Unit 5 at 2,000 MW Subansiri project

NHPC Limited has completed the boxing-up of Unit 5 of the 2,000 MW Subansiri Lower Hydroelectric...