#investment

UK, London: Ofgem has confirmed a major investment program into Britain’s energy infrastructure.

Dubai’s electricity sector will require total investment of $23 B (AED86 B) over the next five years for new projects and infrastructure upgrades.

Despite a significant decline in deal volume and overall value associated with the pandemic, investment in renewables remains strong.

Electricity North West will start work on the £1.5m project this month, replacing equipment at its Linnet Lane substation.

Colombia: Colombia plans to offer three new power dispatch projects to investors as part of efforts to reinforce the regional transmission system (STR) amid increasing load demand.

Bangladesh: The Asian Development Bank has approved a $300 M loan for a project to expand transmission lines in Greater Dhaka and the western zone of Bangladesh.

Pakistan: Aamir Ghaziani, Chief Financial Officer of KE said that K-Electric (KE) is committed towards Karachi and its growth with an investment of $3 B over the next four years across the value chain at the Corporate Analyst Briefing session held at the Pakistan Stock Exchange (PSX) on Wednesday.

Virginia, US: The Virginia State Corporation Commission gave the go-ahead to Appalachian Power for the Glendale Area Improvements Project in Carroll and Wythe counties in Virginia.

India: North Eastern Regional Power Committee (NERPC) has approved the 132 kV double circuit transmission line from Roing in Lower Dibang Valley district of Arunachal Pradesh and Chapakhowa in Assam’s Tinsukia district.

The State Grid Corporation of China has announced the investment of $1.8 B in Ethiopia’s electricity transmission and distribution networks.

Spanish grid operator Red Eléctrica de España (REE) will support the country’s energy transition with a multi-billion investment spanning over a few years.

USA: The U.S. Department of Agriculture (USDA) is investing $345.5 million in 20 infrastructure projects to enhance rural electric service in 14 states.

According to a new analysis from the U.S. Energy Information Administration (EIA), major U.S. utilities are spending $51 billion annually on improving their electricity distribution systems, which is an increase of 54% over the past two decades when investments amounted to $31 billion.

India: India’s power transmission company Sterlite Power has won six new transmission concessions in the recently concluded auction for transmission projects in Brazil, which is an investment worth around $1 billion.

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.