Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

Work on UK nuclear project suspended

Hitachi has announced its intention of pulling away from two large nuclear projects in the UK due to failed financial negotiations. The company’s Wylfa Newydd and Oldbury-On-Severn projects, which were expected to be the future home of new advanced boiling water reactors, which were approved by Britain’s nuclear power regulator in December 2017, will now […]

Hybrid power plant for Nigeria

With the reduction in price of electricity storage technology and intermittent renewable power sources such as wind and solar energy, there is a move towards combining technologies for optimised power solutions for many customers. The company’s first such project has been delivered at OK Plast bottling factory in Nigeria, which operates on a power island […]