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Coronavirus company news summary – Pakistan completes 50% work on power project – Coal India sees 22% dip in demand from power sector

28 May 2020 (Last Updated May 28th, 2020 09:20)

28 May

EDF has been ordered by a French court to accept Gazel Energy’s suspension of nuclear supply contracts under a force majeure clause due to the Covid-19 pandemic. The president of the Paris commercial court said conditions for force majeure between the two companies were “evidently met”. Gazel Energy decided to invoke the force majeure clause as electricity demand plummeted by nearly 20% post the Covid-19 outbreak.

Pakistan has concluded the 50% work on 874MW Suki Kinari Hydel Power Project in Khyber Pakhtunkhwa in spite of the ongoing coronavirus pandemic. Lieutenant General (r) Asim Saleem Bajwa, who is also chairman of the China-Pakistan Economic Corridor Authority (CPECA), noted that the project is being developed with an investment of $1.963bn at Kunhar River under the umbrella of China-Pakistan Economic Corridor (CPEC).

Enel Green Power (EGP) has started the construction of a 60.9MW solar park in Chile even as the country is under a state of emergency due to the coronavirus pandemic. The solar park is situated adjacent to the currently operational 90MW Valle de los Vientos wind power complex. The two facilities’ sources will eventually combine to create a hybrid power generation source.

Coal supplied by state-owned Coal India to the power sector has declined by 22% to 31.95 million tonnes in April in the wake of the collapse in fuel demand post-Covid-19 lockdown. The supply by Singareni Collieries Company (SCCL) to the power sector also plummeted by 38.6% to 2.86 million tonnes (MT) in April, from more than 4.66MT in April 2019.