Page 20 - AfrElec Week 22 2021

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup The deal reinforces EDPR’s strategic presence
Global (NRG Power), in which the reader is in Latin America, where it currently has 0.4 GW
invited to join our team of international editors, of operating capacity in Brazil. EDPR is also
who provide a snapshot of some of the key issues developing 1.6 GW in the Brazilian and Colom-
affecting their regional beats. We hope you will like bian markets.
NRG Power’s new concise format, but by clicking In Chile, renewable electricity from solar
on the headline link for each section the full text and wind power represents nearly 20% of the
will be available. country’s energy supply, and the volume of
renewables is anticipated to increase every year,
ASIAELEC: Suzlon seals 252-MW turbine according to US law firm DLA Piper.
order with CLP India
Suzlon has announced a 252-MW order from ENERGO: RusHydro posts rising revenues
CLP India to supply 120 of its S120-140m tur- RusHydro has posted a 5% year-on-year increase
bines. in revenues for Q1 to $1.7bn, although EBITDA
The project in Sidhpur, Gujarat State, is was down 5% and net income fell by 21%.
expected to be commissioned in 2022 and rep- The company has set modest medium-term
resents a major boost for the financially troubled financial goals and showed weak operational
company. Suzlon will install 120 wind turbine results in 4Q20. Nevertheless, RusHydro man-
generators (WTGs), each with a Hybrid Lattice aged to narrow its loss in 4Q20.
Tubular (HLT) tower. It is Suzlon’s first major Despite the plunge in output in 1Q21,
order since the 2020 restructuring of its $1.5bn RusHydro’s financials in 1Q21 were expected to
debt. remain stable on the recovery of 1Q21 prices.
RusHydro has approved its 2021-2025
REM: EDPR enters Chile with 628-MW investment programme, which calls for $6.8bn
wind, solar portfolio of spending on the modernisation and con-
EDP Renewables (EDPR), part of the Portu- struction of new assets.
guese electric utilities company EDP Group,
has reached agreements to purchase a 628-MW See the archive and sign up to receive NRG Editor’s
wind and solar portfolio in Chile, with commer- Picks for free by email each week here. ™
cial operations to start in 2023-2025.

P20 www. NEWSBASE .com Week 22 03•June•2021