Eskom to invest $21B in next five years and up to $84B by 2030
South Africa, Cape Town: South Africa’s electricity provider Eskom announced it will increase its investment to $21 billion over the next five years.
#Reuters
Transformer fire shuts unit of South Carolina NPP
USA, South Carolina: A transformer at the Oconee nuclear power plant in South Carolina caught fire on Sunday 6 March, burning for about 30 minutes, but no nuclear material was in danger of being released, Reuters reports.
SA to invest $133B in power projects and new interconnection grid
Saudi Arabia, Riyadh: Saudi Arabia will need to invest $133.3 billion in electricity projects over the next ten years to cope with rising power demand, according to Saudi Electricity and Water Minister, reports Reuters.
Schneider Electric to move transformer production to Poland
France, Paris: French group Schneider Electric plans to move production of its biggest-selling power transformers to Poland and cut as many as 170 domestic jobs, reports Reuters citing the French daily Les Echos.