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A new 93-megawatt, independent power plant will feature GE Energy’s Jenbacher gas engines to provide needed power to thousands of homes in Bangladesh as part of major rural electrification initiative.
THE government will review the need for new power plants by the end of 2009 as electricity consumption has weakened in the last one year, Energy Minister Datuk Shaziman Abu Mansor says.
Azure Power, the leading solar IPP with a diverse range of solar power projects, today announced the closing of a Series A funding from Helion Venture Partners and Foundation Capital.
KUALA LUMPUR: No new power plant is needed for the country until the end of next year as electricity demand has dropped from 4.8% last year to this year’s 2.8%, said Energy, Water and Communications Minister Datuk Shaziman Abu Mansor.
One of the key requirements for the Independent Power Producer Administrators (IPPAs) who will be appointed to manage the power supply contracts of state-run National Power Corporation (NPC) will be a 30-day inventory of fuel serving as buffer to ensure electricity generation from the plants.
The Bangko Sentral ng Pilipinas (BSP) is renewing its $ 500 million short-term loan from the Bank for International Settlements (BIS) as temporary fund to prop up the country’s dollar reserves, which lost $ 1 billion in October alone.
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