#news

Swedish financial investor Cevian cut its stake in Thyssenkrupp to less than 1%, said the investor in a press release.

Eskom and Agence Française de Développement (AFD) have signed a loan agreement worth $102 million to help finance projects aimed at strengthening Eskom’s power transmission grid along the west coast of South Africa.

Siemens has acquired a non-controlling minority shareholding of 25% in Coelme Group, a European manufacturer of high-voltage disconnecting switches, the company announced in a press release.

Canada, Ontario: Northern Transformer, a manufacturer of liquid-filled transformers based in Maple, Ontario, has sold a minority stake to Southern States Investment Holding (SSIH).

USA, Florida: Duke Energy has selected a site in Auburndale in Polk County, Florida, to construct a new substation and transmission line routes within the Polk County Reliability Enhancement Project.

GERMANY, Stuttgart: GE Power’s Grid Solutions business and German transmission system operator TransnetBW have signed a contract for a turnkey solution to upgrade the 380 kV Eichstetten substation, which is one of the substations in “Badische Rheinschiene” region, a highly loaded link in the transmission grid of southwest Germany.

Philippines, the Visayas: A 6.5-magnitude earthquake that hit the islands of Visayas last week damaged four out of six transformers Ormoc City in Leyte, according to the National Grid Corporation of the Philippines (NGCP).

USA, Georgia: A transformer caught fire on the grounds of Plant Bowen in Georgia, nation’s ninth-largest power plant in net generation of electricity.

Germany: GE has completed its first offshore HVDC project, DolWin gamma converter platform, for the transmission system operator TenneT.

USA, Texas: El Paso Electric crews are repairing a failed transformer after 10,000 people in El Paso were affected by power outages at the beginning of the week.

Marocco: In cooperation with Energie Eolienne du Maroc, ABB will be supplying a $16 million hybrid substation for a wind farm developed by Nareva in Morocco.

The Netherlands: Dutch transmission system operator TenneT Holding BV has started construction of a high-voltage substation at Rilland in the Dutch province of Zeeland, reports Renewables Now.

PowerTender is launching a new digital marketplace that will change the conditions for buying and selling power products completely. Now, buyers and sellers can meet digitally on an independent global platform – a revolutionary development in an industry that is constantly moving forward.

Pakistan, Karachi: K-Electric, Pakistan’s power company, has announced the biggest private sector investment plan of $1 billion to set up 900 MW dual-fired power plant and build the supporting transmission infrastructure in order to overcome energy crisis in Karachi.

USA, California: 140,000 customers in the San Fernando Valley lost power after an explosion at a Los Angeles Department of Water and Power plant in Northridge caused a fire that burned for hours.

Croatia, Zagreb: Končar – Distribution and Special Transformers (D&ST) has delivered two power transformers to the Minninge hydro power plant located in Nykoping, Sweden.

South Africa: The Eskom Board announced the appointment of Mr. Johnny Dladla as acting Group Chief Executive with immediate effect.

State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the largest contract to date in Qatar for the expansion of the country’s power transmission network.

Croatia, Zagreb: Croatian manufacturer of distribution and special transformers KONČAR – D&ST has signed a contract to acquire a majority stake in the Polish transformer manufacturer Power Engineering Transformatory based in Czerwonak, Poznan.

South Africa: South African state-run power utility, Eskom and Électricité de France (EDF) have signed a Memorandum of Understanding (MoU) to extend peer cooperation in the fields of transmission and distribution of electricity.

Japan, Tokyo: Tokyo Electric Power Holdings (Tepco) has been assigned with removing hundreds of thousands of utility power poles across Tokyo, so the visitors of the 2020 Olympics can enjoy uninterrupted views of its famous cherry blossoms and neon-lit streets.

The Philippines, Cebu: The National Grid Corporation of the Philippines (NGCP) is installing a new power transformer on the Mactan Island to meet the expected increase in power demand in this tourist destination.

Switzerland, Zurich: ABB has won orders from three major US utilities for its new solution to deliver hardened and bullet resistant transformers, and facilitate the protection of critical grid assets.

USA, Massachusetts: National Grid Saudi Arabia has contracted Doble Engineering Company, a subsidiary of ESCO Technologies Inc., for advanced services to support a new phase of its power grid reliability initiative, which will expand transformer health programs into additional regions.

Germany, Dresden: Dr. Ralf Pietsch from HIGHVOLT has recently attended a meeting of the 16 CIGRE study committees for the first time since his appointment to committee chairman.

The African Development Bank (AfDB) has pledged to provide $12 billion for renewable energy projects in an effort to mobilise funds to accelerate access to electricity in Africa.

USA, West Virginia: Utility company Potomac Edison has completed equipment upgrades at a substation in Jefferson County, West Virginia, to enhance service reliability and help meet high winter demand for electricity for about 2,200 customers in the Ranson and Charles Town areas.

Market Research Future has published a new report on the global transformer oil market, predicting the market will grow at a CAGR of about 7.5% by 2022.