Page 13 - AsiaElec Week 42 2022

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup REM: GE to axe 20% of onshore wind workers
Global (NRG Power), in which the reader is in US
invited to join our team of international editors, Wind turbine manufacturer GE Renewable
who provide a snapshot of some of the key issues Energy is laying off thousands of onshore wind
affecting their regional beats. We hope you will like workers in an effort to restructure and stream-
NRG Power’s new concise format, but by clicking line the business. Despite the energy transition,
on the headline link for each section the full text original equipment manufacturers (OEMs)
will be available. of wind turbines are facing high commodity,
transport and labour costs, supply chain bottle-
necks and policy uncertainty.

AfrElec: CBEA, ENGIE to build $60mn portfo- ENERGO: EBRD invests $13.8mn in first green
lio of mini-grids in Nigeria bond listed in Georgia
CrossBoundary Energy Access Nigeria (CBEA) The European Bank for Reconstruction and
and ENGIE Energy Access Nigeria (ENGIE) Development (EBRD) invested $13.8mn in
have agreed to build a $60mn portfolio of mini- the first green bond listed and traded on the
grids that will connect over 150,000 people to Georgian stock exchange, reports the bank. The
electricity in Nigeria. CBEA will provide the $80mn green secured bond offering by Geor-
$60mn funding, which will enable ENGIE to gian Renewable Power Operations (GRPO) is
develop the mini-grids. also the first corporate issuance of this size in
the country.

Week 42 19•October•2022 www. NEWSBASE .com P13