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Articles on Transmission Finance and Investment

• Marshaling the Winds of Mongolia
  Mar 1, 2012 - Dylan Walsh - green.blogs.nytimes.com
  
  Construction is to begin in March on Mongolia’s first wind farm, and its backers hope it will be the beginning of a renewable energy boom.
  
  
• Pakistan to import 500MW electricity from India
  Feb 8, 2012 - Zeeshan Javaid - dailytimes.com.pk
  
  ISLAMABAD: Energy and trade managers of India would likely to visit Islamabad in mid-February to finalise export of estimated 500MW electricity to Pakistan. Country has currently been facing treacherous power shortage because of number of reasons including a mismatch between Hydel and Thermal power generation, price hike of Furnace Oil and other fuels sourcing thermal power generation and as well as the severe shortage of natural gas also.
  
  
• US reforms electric transmission planning
  Nov 17, 2011 - renewableenergyfocus.com
  
  The changes could significant create opportunities for renewable projects
  
  
• Transmission Access for Renewables
  June 4, 2011 - renewablesbiz.com
  
  The transmission build-out wouldn’t just give renewable energy to markets, but would be an economic engine of its own, according to a new study. And there’s the little mater of jobs, which should get some attention, even among those who aren’t sold on clean energy.
  
  

• Russian Grid to See Investment of $31 Billion
  Dec 27, 2010 - PennEnergy.com - Power-Gen Worldwide
  
  Russia’s Federal Grid Company (FGC), the operator and manager of Russia’s unified electricity transmission grid system, has announced a programme of investment totalling RUB 952.4bn ($31bn) covering a five year period from 2010 to 2014.
  

• HVDC Investment to Skyrocket Over Next Five Years
  December 6, 2010 - Renew Grid
  
  Investment in the high-voltage direct-current (HVDC) transmission market will increase by 44% over the next five years, rising from $8.4 billion in 2010 to $12.1 billion in 2015, according to a new study from Pike Research.
  
  
• Time to Remove the Roadblocks to a National Transmission Grid
  Nov 17, 2010 - Gilbert E. Metcalf - Investors.com
  
  On the campaign trail, President Obama is promoting his green jobs agenda as an antidote to high unemployment. And though it's an approach that doesn't always attract bipartisan support, one aspect of it should — and has: the construction of a true national electricity grid.
  
  
• Blackstones Transmission Developers plans $3.8bn clean energy power line
  Feb 25, 2010 - AltAssets
  
  Blackstone portfolio company Transmission Developers (TDI) is planning to develop a renewable power transmission line supplying New York and New England from the US-Canadian border.
  
  
• EU to spend 800 mln USD on African power pool projects
  Feb 2, 2010 - Xinhua
  
  The European Union (EU) will finance the southern and eastern African power pool projects estimated at 800 million U. S. dollars, the Times of Zambia reported on Tuesday.
  
  
• Secretary Chu Announces $620 Million for Smart Grid Demonstration Projects
  Nov 25, 2009 - Clean Edge News
  
  Secretary Chu recently announced that the Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems that will help build a smarter, more efficient, more resilient electrical grid. These 32 demonstration projects, which include large-scale energy storage, smart meters, distribution and transmission system monitoring devices, and a range of other smart technologies, will act as models for deploying integrated Smart Grid systems on a broader scale. This funding from the American Recovery and Reinvestment Act will be leveraged with $1 billion in funds from the private sector to support more than $1.6 billion in total Smart Grid projects nationally.
  
  
• Hydro One plans major power line expansion
  Sep 29, 2009 - Hydro Review
  
  State-owned Hydro One said it will invest C$2.3 billion over three years on new power line projects in hopes of delivering more hydropower to homes and businesses across Ontario.
  
  
• World Bank Approves Additional Grant of US$180 Million for the Southern African Power Market Project
  Jul 1, 2009 - The World Bank
  
  The World Bank’s Board of Executive Directors yesterday approved an additional Grant in the amount of US$180.62 million for the Democratic Republic of the Congo (DRC) component of the Southern African Power Market Project (SAPMP) approved in November 2003, and for a formal restructuring.  This will bring the total World Bank contribution to the project to $358.12 million, enable implementation to be completed by 2012.  Other co-financiers are the European Investment Bank ($47 million equivalent), and the national electric power utility, SNEL ($6.86 million).  The Copper Belt Energy Corporation of Zambia is contributing an additional $18 million to construct the transmission link between DRC and Zambia.
  
  
• Obama Administration Announces Availability of $3.9 Billion to Invest in Smart Grid Technologies and Electric Transmission Infrastructure
  Jun 25, 2009 - U.S. Department of Energy
  
  U.S. Energy Secretary Steven Chu announced today that the Department of Energy is soliciting applications for $3.9 billion in grants to support efforts to modernize the electric grid, allowing for greater integration of renewable energy sources while increasing the reliability, efficiency and security of the nation’s transmission and distribution system, as part of the American Recovery and Reinvestment Act.
  
  
• Alberta announces $8.1 billion energy plan
  Jun 8, 2009 - Richard Gilbert - Journal of Commerce
  
  Billions of dollars worth of electricity transmission projects may soon start construction in Alberta.
  
  
• Portfolio of New EHV Transmission Projects Approved
  April 29, 2009 - Little Rock, Arkansas
  
  The Southwest Power Pool, Inc. (SPP) Regional State Committee and Board of Directors/Members Committee approved a long-awaited group of extra high voltage economic transmission expansion upgrade projects totaling over $700 million, to be funded by the application of Federal Energy Regulatory Commission-approved “postage stamp” rates to SPP’s transmission-owning members across the region. The benefits of this group of transmission upgrades have been demonstrated by model analysis to outweigh the costs, thus achieving a “balanced portfolio” of projects. The overall cost of generation to serve SPP’s load should be reduced by an amount exceeding investment in the grid. This portfolio of projects will also reduce congestion on the SPP transmission system, and may provide other benefits such as increased reliability and lower end-use consumer costs.
  
  
• Investment in grid could bring quicker power return
  Apr 21, 2009 - McClatchy-Tribune Regional News - Tom Fowler Houston Chronicle

  A $200 million to $400 million investment in electric grid technology could significantly speed up the time it takes to restore power to the Houston area after a major storm like Hurricane Ike, according to a report being issued today.

• National Grid signs $500-million transmission-line upgrade contract
  Apr 1, 2009 - McClatchy-Tribune Regional News - C. Eugene Emery Jr. The Providence Journal, R.I.
  
  National Grid, the state's primary electricity utility, signed a five-year deal with two companies Tuesday to help build new transmission lines and upgrade existing lines, while providing jobs for about 200 Rhode Islanders over the life of the accord.
  
  
• New Study Provides Insight on the Cost of Transmission to Access Increasing Quantities of Wind Power
  Feb 9, 2009 - terrawatts.com/wind-trans.html
  
  Berkeley, California – The rapid increase in the deployment of wind energy in recent years has been paralleled by increasing consideration of wind in transmission planning studies. A new report released today by Lawrence Berkeley National Laboratory assesses the cost of new transmission for wind through a review of 40 detailed transmission studies that involve wind energy.
  
  
• Imera Announces EUR4.4 Billion Pan European Electricity Grid Project
  Feb 3, 2009 - Electric Energy Online.com
  
  Imera has announced that it will build North Sea and Atlantic electricity grids, connecting key markets and offshore wind farms as the foundation for a pan-European offshore electricity network. The EuropaGrid will enable the development of a true European integrated power market and greatly enhance electricity security of supply.  
  
  
• Iran to Lend Pakistan 55m Dollars for Power Transmission Line
  Dec 29, 2008 - BBC Monitoring South Asia
  
  The Export Development Bank of Iran will extend credit of 55m US dollars to the National Transmission and Despatch Company (NTDC) and Pakistan Electric Power Company (PEPCO) for construction of a 70-km transmission line in Pakistan.
  
  
• World Bank Provides More Support to India's Power Grid Corporation
  Oct 22, 2008 - M2 Presswire
  
  The World Bank today approved a US$400 million loan to the Power Grid Corporation of India, designed to increase reliable power exchange between regions and states.
  
  
• Indonesia's PLN studying US$1.8 bln power cable project
  Jul 21, 2008 - Asia In Focus
  
  JAKARTA - State-owned electricity company PLN has proposed a plan to build a power transmission cable across the Sunda straits separating the southern tip of Sumatra and western part of Java. The 800-kilometer transmission cable would send 3,000 megawatt of power from a power generating center in South Sumatra to Java, an official of PLN said.
  
  
• Coastal Gujarat Power gets $450 mln loan for power project in India - ADB
  Apr 25, 2008 - Thomson Fnancial
  
  The Asian Development Bank (ADB) said it has executed a loan agreement for a $450 million loan to India's Tata Power Company Ltd.'s wholly-owned unit, Coastal Gujarat Power Ltd. (CGPL), which will build, own and operate the 4,000-megawatt Mundra Ultra Mega Power Project in the western Indian state of Gujarat.
  
  
• Texas Study: Benefits of Wind Transmission Outweigh Costs
  Apr 11, 2008 - Michael Goggin - AWEA - renewableenergyworld.com
  
  A long-awaited study identifying the transmission infrastructure needed to link wind-rich areas in western Texas with population centers in the central and eastern parts of the state concludes that such transmission could be built at modest cost to ratepayers.

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Links

IREC Connecting to the Grid (Interstate Renewable Energy Council)

CIGRE: International Congress on Large High-Voltage Electric Systems

IEEE/PES International Practices Committee panel sessions