DTEK Grids’ $103.7 M investment
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.
#modernization
Hitachi Energy’s €30 M for transformer factory
Hitachi Energy will invest over €30 million in its power transformer manufacturing facility in Bad Honnef, Germany.
Svenska Kraftnät’s $4.5 million to Sweco for grid modernization
Svenska Kraftnät has awarded Sweco $4.5 million to modernize the country’s electricity grid.
Puerto Rico to spend $20 B to modernize power 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.
USD 16.4 trillion needed for grid upgrades worldwide
USA: U.S. Senator Maria Cantwell has asked the National Academy of Sciences to assist Congress as it considers federal funding for grid modernization.
Albania’s power generator to receive $241M loan from EBRD
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.
EuroSibEnergo to invest $200M in Siberian HPPs
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.
NLMK steel company invests over $10M in its main substation revamp
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.