News

Powergrid reached a deal with NTPC Ltd to undertake the US$9.8 million turnkey execution of D/C Transmission line from Dadri to Loni.

CEM's Tariff A, covering consumers from residential and small and medium enterprises, remain unchanged at US$.0288 per kWh.

The Tata Power Company Limited, India's largest integrated private power company, has priced an equity offering in the form of Global Depository Receipts for a gross amount of $335 million to fund capital expenditures of existing and future projects. Each GDR will represent 1 equity share, of a nominal value Rs.10 per equity share of the Company. The Company will be issuing 14,838,110 GDRs and each GDR has been priced at $22.577 as per relevant pricing guidelines for GDRs. The issue was priced on 21 July 2009 and listing is expected to take place on or about 27 July 2009.

China WindPower raises US$74.7 million through share placement at the placing price of US$.1097 per share for 700 million shares.

Meralco is further educating its customers on efficient and responsible electricity usage with the introduction of energy efficiency corner kiosks.

China WindPower has agreed with Baicheng group for the exclusive right to develop 1500MW wind power resources. The Baicheng wind power exploitation leading group is authorised by municipal government to manage the wind resource exploitation and the local wind power industry development.

The electricity tariff for Singapore households for the second quarter increased from US$.0087 cents per kWh to US$.1338 per kWh.

China Energy Recovery won a contract to design and manufacture a waste heat recovery system for the Wuxi Zhenyu Chemical. The 300,000 ton annual capacity sulfuric acid plant is a joint venture between Marubeni, a Japanese Fortune Global 500 company, and Wuxi Sulfuric Acid, a leading sulfuric acid producer in Jiangsu Province. The contract value amounts to RMB4.98 million or approximately US$0.73 million.

All low voltage distribution boxes damaged by water immersion during typhoon Hagupit that hit Macao last year have been repaired and replaced by CEM.

KEPCO is putting the blame on the Korean government for its operating loss of US$2.75 billion and current net loss of US$2.215 billion. The deficit is the first for the company in its history.

HK Electric commissioned a flue gas desulphurisation plant and a low Nitrogen Oxides System for its coal-fired generation Unit 5. It marked the completion of the first of a two-phase emission reduction programme.

A Syndicated Loan Agreement totaling US$5.3 million has been provided for the Shandong Haiyang Nuclear Power Project Phase I.

China Resources Power's total net generation in June 2009, on a consolidated basis, increased by 2.9 percent to 5,612,935 MWh.

China WindPower signed an exclusive agreement with Fuxin Municipal Government in Liaoning Province to develop wind power electricity projects with 500MW capacity. The group earlier secured similar agreements with Fumeng County and Zhangwu County, Fuxin City.

China Resources Wind Power Co., Ltd. Phase II Shalong Wind Farm is now supplying electricity to the Guangdong provincial power grid.

A consortium formed by AREVA has been awarded a US$166.7 million contract by PT PLN, the Indonesian Public Electric utility.