Tag: investment
Dubai to spend $23 B on electricity sector in next five years
Dubai’s electricity sector will require total investment of $23 B (AED86 B) over the next five years for new projects and infrastructure upgrades.
Investment in renewables remains strong
Despite a significant decline in deal volume and overall value associated with the pandemic, investment in renewables remains strong.
$1.6 M invested to upgrade Lytham electricity network
Electricity North West will start work on the £1.5m project this month, replacing equipment at its Linnet Lane substation.
Colombia steps up transmission plans
Colombia: Colombia plans to offer three new power dispatch projects to investors as part of efforts to reinforce the regional transmission system (STR) amid increasing load demand.
Bangladesh to spend $300 M on expanding transmission lines
Bangladesh: The Asian Development Bank has approved a $300 M loan for a project to expand transmission lines in Greater Dhaka and the western zone of Bangladesh.
KE to invest $3 B in next four years
Pakistan: Aamir Ghaziani, Chief Financial Officer of KE said that K-Electric (KE) is committed towards Karachi and its growth with an investment of $3 B over the next four years across the value chain at the Corporate Analyst Briefing session held at the Pakistan Stock Exchange (PSX) on Wednesday.
Argentina to expand transmission capacity
Argentina: The Argentinian government unveiled several new projects to boost the country's transmission capacity.
Appalachian Power gets approval for $40 M transmission line project
Virginia, US: The Virginia State Corporation Commission gave the go-ahead to Appalachian Power for the Glendale Area Improvements Project in Carroll and Wythe counties in Virginia.
132 kV double circuit transmission line approved in India
India: North Eastern Regional Power Committee (NERPC) has approved the 132 kV double circuit transmission line from Roing in Lower Dibang Valley district of Arunachal Pradesh and Chapakhowa in Assam’s Tinsukia district.
China to invest $1.8 B in Ethiopia’s power grid
The State Grid Corporation of China has announced the investment of $1.8 B in Ethiopia’s electricity transmission and distribution networks.
Spain to invest $3.6 B in transmission network
Spanish grid operator Red Eléctrica de España (REE) will support the country’s energy transition with a multi-billion investment spanning over a few years.
NG announces $2.5B investment in new interconnectors as Nemo Link is launched
United Kingdom: National Grid has announced an investment of over $2.5 billion in new interconnectors to Europe as it launched the $751 million Nemo Link.
Five new substations planned for Abuja
Nigeria: The Transmission Company of Nigeria (TCN) announced it plans to invest about $170 million on the construction of five new transmission substations
New investment by USDA provides $398M for rural electric infrastructure upgrades
The US Department of Agriculture (USDA) has agreed to provide additional $398.5 million in loans to improve rural electric infrastructure across 13 U.S. states.
Ibadan Electricity to install over 14,000 distribution transformers
Nigeria, Oyo: Ibadan Electricity Distribution Company (IBEDC) is investing $7 million on new project expansion to boost power supply in the state of Oyo.
USDA to invest $345M in rural electric infrastructure
USA: The U.S. Department of Agriculture (USDA) is investing $345.5 million in 20 infrastructure projects to enhance rural electric service in 14 states.
U.S. utilities invest $51B annually in electric distribution systems
According to a new analysis from the U.S. Energy Information Administration (EIA), major U.S. utilities are spending $51 billion annually on improving their electricity distribution systems, which is an increase of 54% over the past two decades when investments amounted to $31 billion.
Brazil requires $30.8B investment in transmission projects by 2026
India: India’s power transmission company Sterlite Power has won six new transmission concessions in the recently concluded auction for transmission projects in Brazil, which is an investment worth around $1 billion.
FirstEnergy to invest $1B per year on transmission upgrades from 2018-2021
USA, Ohio: Within its Energizing the Future program that was launched in 2014, FirstEnergy is moving to Met-Ed and Penelec service areas in Pennsylvania...
Avangrid investing $2.5B in making the power infrastructure more resilient
USA: Avangrid, a US-based energy company and Iberdrola subsidiary plans an investment of about $2.5 billion through the next ten years with an aim to strengthen its power grid and make its overall power infrastructure more resilient to severe storms.
PSE&G investing $1.5B in electric improvements
Public Service Electric and Gas (PSE&G) has announced its plan to invest $2.5 billion during the next five years to further strengthen its electric and gas systems, with about $1.5 billion of the planned investment program allocated for electric improvements.
Turkmenistan needs transformers as part of $5B investment by 2020
Turkmenistan is in high demand for power transformers due to the implementation of the “Concept for the Development of the Electricity Industry for 2013-2020”, which has become the largest investment project, envisaging more than $5 billion for the development of the power industry until 2020.
$2.2 trillion investment in global power industry by 2021
A Market research company Frost & Sullivan announced the release of its Global Power Industry Outlook report, which forecasts the solar and wind sources of energy to dominate power generation additions through to 2021
Shaanxi Power to invest $4.8B in power distribution network by 2020
China: Shaanxi Regional Electric Power Group (SPG), a large electric power company supplying power to more than 1,000 townships in 70 counties and districts in nine municipalities of Shaanxi province, is planning to invest close to $4.8 billion by 2020 in order to build a modern power distribution network.
