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
India, Vadodara: The Gujarat Energy Transmission Corporation Limited (GETCO) is planning an investment of $1.7 billion to build 400 new substations and add 10,000 circuit kilometres of transmission line by 2021-22.
India: Indicating significant growth in the power transmission sector, India’s Central Electricity Authority (CEA) has announced an estimated investment of $38 billion in power transmission by 2022.
Iran, Tehran: Iran’s Energy Minister Hamid Chitchian revealed the country has devised plans to overhaul its power industry within the next five years, which need a collective investment of $30 billion to be materialized.
Africa: With over 635 million people without access to electricity in Sub-Saharan Africa, the need for investment in the growth and development of its power sector is huge.
USA: First Reserve International, a US private equity fund, announced the signing of an investment to acquire a subset of the international power transmission and distribution division of Crompton Greaves Ltd., which will be rebranded as Pauwels, reports the PE Hub.
Germany: E.ON and Statoil have announced their final investment decision on the development of the 385 MW Arkona offshore wind farm, also known as Arkona Becken Südost, in the Baltic Sea, Germany.
United Kingdom, London: Following its earlier announcement of the decision to sell its poorly performing business in the U.K., India’s Tata Steel has sold its long products business assets in Europe to investment firm Greybull Capital.
UAE, Abu Dhabi: Abu Dhabi government is set to invest more than $128 million on major infrastructural projects, which will also include electricity distribution projects.
Canada, British Columbia: The Winsor Substation in Elko, British Columbia will receive its first substantial upgrade since it was initially built in 1970, as part of BC Hydro’s 10-year investment plan for the upgrade of the province’s distribution and transmission system.
Spain, Caceres: A new electrical substation will be launched in Coria, Caceres after the expansion works on the existing substation are completed.
China, Beijing: China is planning to invest at least $315 billion (2 trillion yuan) in the construction of its power distribution network during 2015-2020, including an investment of $471 million (300 billion yuan) in 2015, according to an action plan on power distribution network construction and transformation for 2015-2020 released by the National Energy Administration on Monday.
Ethiopia, Addis Ababa: Turkish-based Sunrise Engineering and Machinery Manufacturing PLC, a company engaged in the business of manufacturing and distribution of transformers in Ethiopia for more than a year, is currently looking to expand its production capacity with an additional investment of $5million to $7.5 million.
Argentina, Chaco: The government has opened tenders for the purchase of two power transformers for Quitilipi and Pampa del Infierno with the investment of ARS 17 million($ 2.1 million).