Coronavirus company news summary – Loan to support Cambodia’s transmission systems – $214m loan for Spanish renewable projects

11 September 2020 (Last Updated September 11th, 2020 09:25)

11 September

The Asian Development Bank has granted a loan of $127.8m to support the construction of transmission lines and substations in Cambodia. The fund will finance the construction of four 115–230 kV transmission lines. It will also go towards ten substations in Phnom Penh and three other provinces of Cambodia.

The Spanish Institute for Diversification and Saving of Energy has decided to offer $214m (€181m) in subsidies to support renewables-based projects across seven regions of Spain. Part of a $374m (€316m) package, the money fund the construction of solar photovoltaic, wind, biomass and renewable gases facilities, including green hydrogen projects.

PÜSPÖK Group has awarded GE Renewable Energy with a contract to deliver 30 Cypress onshore wind turbines units for two wind farms in Austria. The deal includes a multi-year service contract. Installation of the turbines will start in Q1 2021, and will be operational by end of next year.

Peak power demand in India has returned to normal after it touched 174.33GW on 9 September, more than the highest level of 173.15GW in the same period one year ago. Power demand plummeted after the government imposed a lockdown at the end of March to limit the spread of Covid-19 in the country. Peak demand stood at 167.49GW in August against 177.52GW registered in the same month last year.