Coronavirus company news summary – US cuts regulation to fast-track energy projects – Nepal’s largest solar farm activates

5 June 2020 (Last Updated June 5th, 2020 09:23)

5 June

The US government is planning to fast-track major energy projects in order to speed up economic recovery after the coronavirus pandemic. Reuters reported on expectations that the US President will give formal approval to federal agencies to use emergency powers. These would be used to overrule environmental permit requirements to fast-track major energy and infrastructure projects.

EDF, which operates all of France's 57 nuclear reactors, has reached an agreement with unions for its employees to return to work after the country's lockdown. The company’s CEO Jean-Bernard Lévy used an electronic address to tell employees: “Faced with this unprecedented crisis which will weigh not only on the countries’ economic situation, but also on our business, we will have to redouble our efforts to be efficient in the coming months and years.”

The Indian government has decided to extend the deadlines for activities in the development and implementation of its ‘One Sun One World One Grid’ (OSOWOG) plan. The Ministry of New and Renewable Energy (MNRE) said: “In view of the prevailing situation and lockdown in many parts of the country due to Covid-19 pandemics and requested by many consulting firms, it has been decided to extend the timeline of each activity of the RFP document.”

Nepal's largest solar plant in Nuwakot district, built by Chinese company Risen Energy, has started generating electricity. The 25MW plant is funded by the World Bank and has produced 1.25MW of electricity. Nepal Electricity Authority managing director Kulman Ghising said: "In the next one and half months, a total of 10MW electricity will be produced from this solar plant."