Egypt signs $254 M financing deal to expand power distribution network
Egypt, Kairo: Egypt is seeking to boost its electric power distribution network following the signing of a $254mn (LE4bn) financing deal.
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Brazil’s Eletropaulo to invest $130M in power distribution network
Brazil, Sao Paolo: AES Eletropaulo, a major Brazilian power distributor in the state of Sao Paolo, will invest $130 million over the next two years to reinforce its power distribution network in the state, reports BN Americas.
China to invest $315 billion in power distribution network
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.
ADB invests $1 billion into Azerbaijan power network
Azerbaijan, Baku: The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.