Business News

Solomon Corporation partnering with Oaktree’s GFI Energy Group

Solomon Corporation, a leading provider of refurbishment and repair services for electrical transformers, announced that it is partnering with funds managed by the GFI Energy Group of Oaktree Capital Management, L.P. (“Oaktree”). Terms of the transaction were not disclosed.

Jenoptik commissioned to deliver ground power systems for Munich airport

The Defense & Civil Systems division of Jenoptik will soon deliver ground power to airplanes at the new satellite of Munich airport's terminal 2. Jenoptik is commissioned by Schneider Electric GmbH with the contract valued at several million euro range. The completion is expected in the second half of 2014.

Transformers seized in PESCO recovery drive

Pesco (Peshawar Electric Supply Company) XEN Muhammad Sadiq Dawar said to The Express Tribune that the company representatives have raided several areas of Bannu, Pakistan, including Sorani Bazaar, to seize transformers due to unpaid electricity bills.

Faulty transformer gets repaired in Mansfield, MA

Mansfield Municipal Electrical Department Director Gary Babin said routine testing of oil samples from the transformer had revealed high levels of contaminants so an emergency repair of a faulty transformer at the Gilbert Street substation in Mansfield, Massachusetts, USA was immediately authorised.

Alstom unveils new mobile facility for transformer on-site repair

Alstom's new mobile facility for transformer on-site repair, refurbishment, redesign and high voltage test has been unveiled in Jebel of Dubai (UAE). The site consists of a mobile inclosure for active parts repair, advanced drying equipment and a container-sized high voltage testing module for diagnostic and repair. Alstom's new service is available for large power transformers and transformers of up to 400 kV and 500 MVA. The mobile facility is available in the near and Middle East as well as nearby regions.

Mobile transformers to meet high load on Diwali

The officials of the power corporation have arranged eight trolley-mounted mobile transformers at crucial points to ensure that faulty transformers do not cause blackouts during the unexpected high load on Diwali.

Transformer in Port Angeles fully operational after copper theft

Port Angeles power transformer near Civic Field is up and running again after the theft of the unit's copper grounding wire delayed its start-up by about three months. The transformer replaced the old one which had been struck by lighting last July and caused power supply loss to around 900 customers.

Power problems and outages reported in Bethlehem

As reported by the emergency radio broadcasts around 7 a.m., two transformers exploded in Bethlehem and a transformer fire was caused in Bethlehem Township, Pa. According to PPL Electric Utilities, nearly 2,000 customers lost power supply.

Power outages and damage across Indiana

Strong overnight storms blew across central Indiana, USA and knocked out power supply. Perry Township on the south of Indianapolis was hit the hardest and left with more than5,000 IPL customers without power through the night.

Power transformers market expected to grow considerably by 2020

The global power transformer market is expected to increase from 10.3 billion in 2013 to 19.7 billion in 2020, at a CAGR of 9.6% due to emerging countries' extensive power plant capacity additions, economic growth and the need to improve access to electricity, forecasts the report at http://www.rnrmarketresearch.com/power-transformers-market-for-power-industry-2013-update-global-market-size-equipment-market-share-key-country-analysis-to-2020-market-report.html.