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Energy Business Review

JSC RusHydro to develop 150MW power plant in Krasnoyarsk

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JSC RusHydro has entered into a memorandum of cooperation with the Government of Krasnoyarsk region for development of the 150MW Nizhne-Kureyskaya hydropower plant (HPP) in Russia.
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IDB approves $131m loan for electricity distribution system in Brazil

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The Inter-American Development Bank (IDB) has approved a $131m loan to improve electricity distribution in Rio Grande do Sul state, Brazil.
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Maryland PSC approves Exelon-Constellation merger

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The Maryland Public Service Commission (PSC) has conditionally approved the proposed merger of Exelon Corporation and Constellation Energy.
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Total acquires interests in three offshore licenses

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French oil company Total has signed production sharing agreements with the Côte d’Ivoire state-owned oil firm Petroci for three new ultra-deepwater licenses.
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Siemens, Prysmian secure $1.5bn contract for subsea electricity link

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Siemens and Italy-based cable manufacturer Prysmian have secured $1.5bn contract to build the first ever sub-sea electricity link between Scotland and England/Wales.
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Anadarko encounters oil pay in Gulf of Mexico well

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Anadarko Petroleum has encountered about 250 net feet of oil pay in the Heidelberg-2 appraisal well, located in the Green Canyon block 903 in the deepwater Gulf of Mexico.
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Westinghouse Solar signs letter of intent to merge with CBD Energy

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US-based solar power systems manufacturer Westinghouse Solar has entered into a letter of intent to pursue a business combination with Australian renewable energy firm CBD Energy.
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Montana PSC approves NorthWestern Energy’s wind project plan

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The Montana Public Service Commission (PSC) has approved NorthWestern Energy’s application for ‘pre-approval’ to build and operate a 40MW wind energy project in central Montana, US.
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DuPont, Yingli China sign $100m agreement for photovoltaic materials

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DuPont and Yingli China have entered into a $100m strategic agreement for photovoltaic materials.
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NADB, BECC boards approve 54MW wind energy project in Mexico

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The boards of directors of the North American Development Bank (NADB) and the Border Environment Cooperation Commission (BECC) have approved certification and financing for a 54MW wind farm in Tamaulipas, Mexico.
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