Page 15 - AsiaElec Week 11 2023

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER Welcome to the latest edition of NewsBase’s NRG back with a big bang” Jindal Power chair-
Power Roundup Global in which the reader is man , Anil Kuma Jha announced at the first
invited to join our team of international editors, Coaltrans India conference to be held in the
who provide a snapshot of some of the key issues country since early 2020. Once a regular
affecting their regional beats in Asia, Africa, Cen- event on the nation’s coal industry calendar,
tral and Eastern Europe, as well as the global sum- Coaltrans, like so many other gatherings
mary of renewable energy and climate change in recent years, was hit by COVID bans on
mitigation. We hope you will like NRG Power’s gathering and travel.
concise format, but by clicking on the headline
link for each section the full text will be available. ENERGO: Court ruling on Hidroelectrica
If you would like to receive NRG Power Editor’s management calls into question IPO planned
Picks every week to your inbox for free then please this year
click on the link here and fill in the form. A March 6 court ruling invalidating the
selection of Romanian state-controlled
AfrElec: Kenya Power facing $51mn revenue hydropower group Hidroelectrica’s
drop as government extends 15% electricity tariff management in 2019 has called into
subsidy question the company’s IPO planned
Nairobi-listed Kenya Power says it will later this year. The Court of Appeal re-
incur an additional loss of $51mn owing jected Hidroelectrica’s appeal to a low-
to the government’s decision to extend er court’s ruling issued in April 2022
a 15% cut on electricity tariffs by three in the case of the former Hidroelectrica
months to April, when new power tariffs CFO Petronel Chiriac who challenged
to be approved by the Energy and Petro- the legality of the selection procedures
leum Regulatory Authority are set to take for the company’s Board of Directors in
effect. “If you use the parameters that were 2019.
used when putting the 15% reduction in
place in January last year, we estimate that REM: Petrobras, Equinor to evaluate 14.5 GW
the extension of the lower tariffs for the of offshore wind off Brazil
months from January to April 1 will cost Brazil’s Petrobras and Norway’s Equinor
about $51mn,” Kenya Power said in a state- have signed a letter of intent to assess
ment, as reported by the Daily Nation. the economic, technical and environ-
mental feasibility of 14.5 GW of off-
AsiaElec: India’s Old King Coal is back but shore wind projects off Brazil. The 14.5
overly optimistic GW is comprised of seven offshore wind
“King coal is coming back and coming projects.™

Week 11 15 •March•2023 www. NEWSBASE .com P15