Page 14 - AfrElec Week 24 2022

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup closed on a $504.4mn loan guarantee to the Ad-
Global (NRG Power), in which the reader is vanced Clean Energy Storage (ACES) project in
invited to join our team of international editors, Utah, which will be the largest clean hydrogen
who provide a snapshot of some of the key issues storage facility in the world. The loan guarantee
affecting their regional beats. We hope you will like will finance the facility’s construction.
NRG Power’s new concise format, but by clicking
on the headline link for each section the full text ENERGO: Finnish Fortum rushes Russia exit
will be available. by July 1
Finnish renewable energy major Fortum is
AsiaElec: China sending mixed signals on coal rushing the sale of its Russian assets, including
use Unipro Russia, by July 1,2022, collecting bids
Beijing has given the green light to 7.3 GW of from major local bidders such as state utility
new coal-fired power plants (CPPs) across the holding InterRAO, GazpromEnergoHolding
country just months after Chinese authorities (GEH, utility assets of Gazprom natural gas
imposed steep penalties on illegal coal mines in major)and SUEK coal miner of sanctioned An-
the northern province of Shanxi. Coming at a drei Melnichenko, according to Kommersant
cost of $1.5bn, construction of the new CPPs, daily citing unnamed sources.
however, runs somewhat counter to a number
of pledges made by Chinese President Xi Jin-
ping to the United Nations; one being that Bei-
jing would stop funding overseas coal projects.

REM:US Department of Energy to guarantee
$504.4mn loan to world’s largest clean hydro-
gen storage facility
The US Department of Energy (DoE) has

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