Page 14 - AfrElec Week 50 2021

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup REM: Western Spirit Transmission Line
Global (NRG Power), in which the reader is Sold To PNM Resources For $285mn
invited to join our team of international editors, Public Service Company of New Mexico, a
who provide a snapshot of some of the key issues wholly owned subsidiary of PNM Resources,
affecting their regional beats. We hope you will like has closed on its $285mn purchase of the West-
NRG Power’s new concise format, but by clicking ern Spirit transmission line in New Mexico.
on the headline link for each section the full text
will be available.

AsiaElec: ADB To Lend $600mn To Indo-
nesia To Fund Grid Resilience ENERGO: Russian Watchdog Accuses T
The Asian Development Bank (ADB) is to Plus Utility Major Of Price Fixing
lend $600mn to Indonesian state-owned utility Russia’s Federal Antimonopoly Service (FAS)
PLN to improve grid reliability and resilience launched a probe into T Plus utility major,
in western and central Java, and to renewable claiming power price manipulation. The FAS
energy. argues the manipulation dates back to 1H19
when T Plus boosted its pricing bids far exceed-
ing its fuel costs (by 70-90% and sometimes
more than double

P14 www. NEWSBASE .com Week 50 16•December•2021