A report from news agency PTI suggests that Enron, GE and Bechtel, the three major foreign shareholders in India's Dabhol Power Company (DPC), may decide not to sell their 85 per cent stake in the project if the proceeds went to a Trust and Retention Account (TRA) rather than to them.
Indonesia's president Megawati Soekarnoputri opened the 130 MW Asam-Asam power plant in Tanah Laut regency, South Kalimantan, Indonesia. the coal fired plant is owned by PT Indonesia Power, a subsidiary of state electricity company PT PLN.
With problems at Dabhol and key investors exiting the market, India’s power sector has been receiving bad press. But some key issues are being forgotten, and opportunities for the right type of project still exist.
Dominion and Mirant announced Tuesday that they have reached an agreement under which Dominion will purchase Mirant State Line Ventures Inc., whose assets include the State Line power station, a 515-MW coal-fired generation facility outside Hammond, Ind., near the Indiana-Illinois border.
A contract for the supply and construction of the world's first barge mounted circulating fluidized bed boiler electrical generating facility has been awarded to Waller Marine Inc., Houston, TX. The nominal 100 MW coal fired power plant will be installed at Pickwick, Tennessee under a contract with Pickwick Power LLC, who will be supplying power into the TVA system.
Twelve months ago, global power and automation giant ABB was bullish about its alternative energy - linked operations. Following its results press conference this week, at which it announced a loss of $691m, ABB admitted that demand had been lower than expected and that the market had slowed.
Eight companies or consortia had, by Thursday, expressed interest in bidding for Enron's 65 per cent stake in the high-profile Dabhol Power Company, according to a source close to the group of lenders - led by the Industrial Development Bank of India (IDBI).
Mott MacDonald has been appointed owner's engineer by Bronzeoak Ltd, a UK-based specialist in the development of renewable energy, to help implement a 54 MW, $85m bagasse-fuelled power plant in the Philippines.
NRG Energy Inc. ... Nisource Inc. ... South Carolina Electric & Gas Co. ... Composite Power Corp. ... OG&E Electric Services ... Electricité de France ... Brighton Beach Power LP ... Coral Energy Canada Inc. ... Cook Inlet Power LP ... Cincinnati Gas & Electric Co. ... New York Power Authority ... Pacific Texas Corp. ... Karaha Bodas ... TC PipeLines LP ... NorthWestern Corp.