Coronavirus company news summary – Indian power company targets 340TWh of generation – Vestas receives order for 109MW of turbines

1 October 2020 (Last Updated October 1st, 2020 10:20)

1 October

India-based power generation utility NTPC is targeting a revenue of $13.2bn (Rs980bn) for financial year 2020-21. In a statement, a company spokesperson said: “NTPC, India's largest power producer, will aim for a revenue of Rs980bn from operations and 340TWh of electricity generation as part of its memorandum of understanding with the Indian Ministry of Power for financial year 2020-21." This announcement comes in the wake of power demand dipping in the country due to the coronavirus pandemic.

Westinghouse Electric Company has signed a contract with the National Nuclear Energy Generating Company for VVER-440 nuclear fuel for the Rivne nuclear power plant. The parties also signed a letter of intent on further exploring localisation of fuel assembly component production in Ukraine.

Mainstream Renewable Power has placed an order with Vestas for the 109 MW Ckani wind park, to be located in the Antofagasta region of Chile. The contract features the supply and installation of 26 V150-4.2 MW wind turbines, as well as an Active Output Management 5000 service agreement for the operation and maintenance of the wind park over the next two decades.