#investment

USA, Massachusetts: Iberdrola will invest more than $10 B in the development of three offshore wind complexes.

Romania, Bucharest: Delgaz Grid has disclosed that it will invest 28.5 M lei ($6.5 M) into an upgrade of three power transformer stations.

Kenya: The Emerging Africa Infrastructure Fund (EAIF) will lend $35 M to the Kesses solar generation plant in Kenya.

Ghana, Accra: It will cost over $1 B to upgrade the country’s aged power transmission infrastructure – a part of which account for a majority of power outages.

India: The board of directors of Power Grid Corporation of India Ltd (PGCIL) has approved two investment proposals.

EU, Brussels: EU countries have agreed on a Commission proposal to invest $1.16 B (€1.037 B) in 5 cross-border infrastructure projects.

USA, Michigan: DTE Energy has announced its plans for a $7 B, five-year investment in southeast Michigan’s electric grid.

Nigeria: The Federal Executive Council (FEC) has approved $160 M (N65.39 B) billion in foreign and local denominations to execute power projects in the country.

Germany, Berlin: Siemens Energy is investing over €60 million in a new production facility in Berlin.

Africa: The African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA) will receive a cash injection of $134.5 M from the German government.

Scottish and Southern Electricity Networks’ (SSEN’s) multimillion-pound project is to boost the resilience of Surrey’s power supply.

Kenya, Nairobi: Kenya’s electricity distribution utility, Kenya Power, has added another substation to its growing network.

The New York State Public Service Commission has approved a request by Consolidated Edison Company of New York to recover the costs of three transmission projects.

The Ministry of Energy has signed an investment agreement for the construction of a new thermal power plant in the Surkhandarya Region.

UK, London: Ofgem has confirmed a major investment program into Britain’s energy infrastructure.

Dubai’s electricity sector will require total investment of $23 B (AED86 B) over the next five years for new projects and infrastructure upgrades.

Despite a significant decline in deal volume and overall value associated with the pandemic, investment in renewables remains strong.

Electricity North West will start work on the £1.5m project this month, replacing equipment at its Linnet Lane substation.

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: 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.

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.

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.

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.

The State Grid Corporation of China has announced the investment of $1.8 B in Ethiopia’s electricity transmission and distribution networks.

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.

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.

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.

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.