02 November 2023
02 November 2023
The projects will bring online 3.5GW of additional grid capacity throughout the country, the US Department of Energy said.
The engineering company will design critical elements that facilitate construction and long-term operation.
Constellation funded the deal using a mix of cash and debt, with the acquired 44% stake representing 1.1GW of output.
The Danish utility’s revenues almost halved to DKr19.02bn in the quarter that ended 30 September 2023 versus DKr36.54bn a year previously.
Vista and Blackstone will both acquire an equal 50% stake in Exemplar, with the company’s current owner, Riverside Company, cashing out.
The two companies will build a hydrogen plant, which will be owned by South Australian taxpayers.
CEZ subsidiary Elektrárna Dukovany II will now assess the bids and look to award final contracts before November 2024.
The company will evaluate options to fast-track the ES&O business’s profitable growth as part of the ongoing review.
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India derives most of its electricity from thermal power. Within thermal sources, India is majorly dependent on coal-based plants for power generation. The government has no immediate plans to phase-out coal power plants as coal is one of the cheapest sources of power generation in the country. The country also imports significant amounts of coal from Indonesia, Australia, and South Africa where the carbon quantity of coal is high. Coal is expected to remain the most dominant source of power generation in India until 2035.
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