Page 13 - AsiaElec Week 24 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:US Department of Energy to guarantee
Global (NRG Power), in which the reader is $504.4mn loan to world’s largest clean hydro-
invited to join our team of international editors, gen storage facility
who provide a snapshot of some of the key issues The US Department of Energy (DoE) has
affecting their regional beats. We hope you will like closed on a $504.4mn loan guarantee to the Ad-
NRG Power’s new concise format, but by clicking vanced Clean Energy Storage (ACES) project in
on the headline link for each section the full text Utah, which will be the largest clean hydrogen
will be available. storage facility in the world. The loan guarantee
will finance the facility’s construction.
AfrElec: Zambia, DR Congo revive plans for
$4bn hydroelectric power project ENERGO: Finnish Fortum rushes Russia exit
Zambia and its north-western neighbour, the by July 1
Democratic Republic of Congo (DRC), have Finnish renewable energy major Fortum is
signed a memorandum of understanding to rushing the sale of its Russian assets, including
revive the 1,188-MW Luapula River hydro- Unipro Russia, by July 1,2022, collecting bids
power generation project and the Kolwezi/Sol- from major local bidders such as state utility
wezi transmission line. The MoU was signed in holding InterRAO, GazpromEnergoHolding
Zambia’s capital, Lusaka, by the country’s energy (GEH, utility assets of Gazprom natural gas
minister, Peter Kapalaand, and his Congolese major)and SUEK coal miner of sanctioned An-
counterpart, Minister of Hydraulic Resources drei Melnichenko.
and Electricity Olivier Mwenze Mukaleng.

Week 24 15•June•2022 www. NEWSBASE .com P13