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MCA-Nepal awards USD 38.89 million contract to Techno Electric for 400KV substation
The Millennium Challenges Account Nepal Development Committee (MCA-Nepal) has awarded a USD 38.89 million contract to India’s Techno Electric and Engineering Limited for constructing a 400KV substation at Damauli, Tanahun. The Damauli substation will facilitate electricity transmission from Ratmate, Lekhnath, and New Butwal, supported by the MCC-Nepal Compact to ensure power supply across a 314-km stretch from Kathmandu to Bardaghat Susta near the Indian border.
AESL acquires Progressive Grid Networks in Kenya
Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa. PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Regreen-Excel files for IPO, plans to raise Rs 3.5 billion
Regreen-Excel EPC India Limited has filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The company plans to issue fresh equity shares worth Rs 3.5 billion, alongside an offer-for-sale of 11.4 million shares by the promoters. The capital raised will be used to repay debt, secure bank guarantees, and for general corporate purposes. Regreen-Excel, an ethanol plant manufacturer, has completed 113 projects in the last two months since its inception…
1. Introduction to Energy: A Simple Guide
Energy, it’s everywhere, powering our homes, cars, and even the device you are reading this on. But have you ever wondered where it all comes from, how it works, and why we are constantly hearing about different types of energy? Let’s take a closer look at the basics and break down some key terms that often get thrown around in the power sector. Types of Energy: Renewable vs. Non-Renewable To start with, energy comes in…
Nuclear fuel prices surge due to uranium conversion and enrichment bottleneck
The cost of nuclear fuel has surged in the past two years, primarily due to bottlenecks in uranium conversion and enrichment, exacerbated by the Russian invasion of Ukraine. While the price of raw uranium ore has doubled since early 2022, the prices for converted uranium hexafluoride have soared fourfold to $68/kg, and enriched uranium prices have tripled to $176 per separative work unit, according to UxC data seen by the Financial Times (FT). Russia’s significant…
Engie signs 90 MW PPA with Google for Chillingham solar project in Texas
Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program, aims to streamline clean energy PPA sourcing for corporate buyers like Google. Expected to come online in late 2024, the…