#modernization

$184 M reconstruction will lift capacity to 110 MW, improve efficiency to 93 % and extend the hydropower plant’s life by at least 50 years.

The global transformers market, valued at around $62.1 B in 2022, is projected to grow at a CAGR of more than 6.1 % during the forecast period from 2023 to 2030.

Distribution company Delgaz Grid has started the execution of the works contract for the modernization of 7 substation in the Suceava and Neamț counties.

Distribution company Delgaz Grid and its partner ETHGroup began the modernization works at the Roman Laminor transformer station.

Iraq’s Ministry of Electricity has upgraded 12 crucial power plants together with GE Vernova as part of a modernization project covering 46 gas turbines supplied by the company.

KfW invested €20 million ($22.1 million) to finance the modernization of the substation at the Inga I and Inga II hydropower plants in the DRC.

The funding comes in support of the Enabling the Energy Transition project for Armenia.

Distribution system operators of DTEK Grids plan to invest UAH 4 billion ($103.7 million) in the power grids in Odesa, Dnipropetrovsk, Kyiv regions and Kyiv in 2024.

Hitachi Energy will invest over €30 million in its power transformer manufacturing facility in Bad Honnef, Germany.

Svenska Kraftnät has awarded Sweco $4.5 million to modernize the country’s electricity grid.

Puerto Rico: Puerto Rico unveiled the details of a $20 B plan to strengthen and modernize its shaky power grid, more than two years after Hurricane Maria.

USA: U.S. Senator Maria Cantwell has asked the National Academy of Sciences to assist Congress as it considers federal funding for grid modernization.

The European Bank for Reconstruction and Development (EBRD) has granted a $241 million (€218 million) loan to Albania’s state-owned electricity generation company Korporata Elektroenergjitike Shqiptare (KESH) to support its restructuring and reform package.

Russia: EuroSibEnergo, Russia’s largest privately-held power producer, announced a $200 million New Energy modernization program of its Siberian hydropower plants (HPPs) on the Angara and Yenisei rivers.

Russia, Voronezh: Novolipetsk Steel Company (NLMK) started the reconstruction of its main step-down substation, which supplies electricity to the plant’s converter, refractory, metallurgical slag processing plant and water plant.