Page 15 - AsiaElec Week 23 2022

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup ENERGO: Masdar to develop 4 GW of renewa-
Global (NRG Power), in which the reader is ble energy projects in Azerbaijan
invited to join our team of international editors, UAE-based renewable energy company Mas-
who provide a snapshot of some of the key issues dar has signed agreements with the Ministry
affecting their regional beats. We hope you will like of Energy of the Republic of Azerbaijan for the
NRG Power’s new concise format, but by clicking implementation of clean and renewable ener-
on the headline link for each section the full text gy development projects in the country with a
will be available. total proven capacity of 4 GW under an exclu-
sive concession. Under the agreements, Masdar
AfrElec: Malawi secures $60mn from World also has the right to develop another 6 GW as
Bank to repair flood-damaged power plant a second phase, bringing the total production
The World Bank has provided $60mn to Malawi capacity of these projects to 10 GW – the largest
for the repair of a power plant that was damaged in Azerbaijan’s history.
by flooding in January 2022 in the wake of Trop-
ical Cyclone Ana. President Lazarus Chakwera
said the funding is a soft loan to rehabilitate the
135-MW Kapichira facility over the next six
months, the Nyasa Times reported on June 7.

REM: Shell enters Texas market with 100% re-
newable energy plans
Shell, Europe’s largest oil and gas company, is
now offering 100% renewable electricity plans
to eligible customers in Texas. The Shell Energy
brand was launched in Texas on June 7.

Week 23 08•June•2022 www. NEWSBASE .com P15