Egypt plans 3 power projects worth $7B

Egypt’s Ministry of Electricity has finalised negotiations for three power projects valued at $7 billion and is ready to finalize the contracts for all three projects.

LSIS wins $9.1M deal to build a substation in Ecuador

Ecuador, Quito: LS Industrial Systems Co. (LSIS), a South Korean electric power systems provider, has won a $9.1 million order to build a 230 kV substation, with power transformers and associated electrical equipment, in Portoviejo, a western costal city in Ecuador.

Technavio announces top five transformer oil vendors

United Kingdom, London: Technavio has announced the top five leading vendors in their recent global transformer oil market report until 2020. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

EBRD grants a $110M loan to Turkey

Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

$57M approved for 21 new substations in Ghaziabad

India, Uttar Pradesh: The Central government has approved $57 million funding for the proposed electrification projects in the city of Ghaziabad aiming to increase power supply in the coming years.

African interconnector project boosted with $1.9M

The West Africa Power Pool (WAPP), a specialized institution of the Economic Community of West African States, and the African Development Bank signed a grant agreement on $1.9 million to support the Nigeria-Benin Interconnector Reinforcement Project.

$48M substation expansion underway

USA, Ohio: FirstEnergy is expanding a substation in Wampum, Pennsylvania to accommodate new high-voltage electrical equipment designed to reinforce the regional electric system and enhance service reliability.

Transformer explosion leaves thousands without power in L.A.

USA, Los Angeles: Thousands of people in the Studio City and Sherman Oaks area; los Angeles, California lost power on Wednesday night, possibly from a transformer explosion at an electrical substation, according to authorities.

Global power transformer market to reach $30B by 2020

United Kingdom, London: A new global power transformer market report titled “Power Transformer Market by Rating, Medium Power Transformer, Large Power Transformer, by Type of Cooling Method, & Region – Global Trends & Forecasts to 2020” is now available.