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July 20, 2020

Coronavirus company news summary – Indian banks consider thermal power support – IAEA urges more support for latest nuclear technology

By Matthew Farmer

20 July

Several public sector banks led by the State Bank of India are considering establishing an asset reconstruction company to support thermal power projects, CNBC-TV18 has reported. The publication quoted a person familiar with the discussions as saying: “We have identified 10 large (power) projects that have almost $16bn (Rs1.2tn) of outstanding debt and a net book value of about Rs500bn ($6.67bn) which can be housed under this company.”

Singapore-based Vena Energy has started construction of a 47MW wind power project in Nakasato, Japan despite the coronavirus outbreak in the country. The wind farm will use turbines with a hub height of up to 116.5m, and will have a power sales output of 36MW.

The IAEA and the Generation IV International Forum urged members to increase support for the faster deployment of the latest nuclear reactor systems at their annual interface meeting. Last week’s meeting was conducted virtually due to the global pandemic. It assessed progress on the research, design, and development of innovative nuclear reactor systems. The review was conducted in areas including nuclear safety, proliferation resistance, economics, education and training.

The Maharashtra government in India has started using drones for surveillance and inspection of power lines and transmission towers. Using ultra HD cameras, the drones can capture high-resolution close-up photographs and videos of the towers and their components, ETEnergyworld reported.

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