 | UK`s National Grid sells New York`s Ravenswood generating station to TransCanada for US$2.9bn
National Grid plc (“National Grid”) has signed an agreement to sell its 2,480 megawatt Ravenswood Generating Station in New York City to TransCanada Corporation for a total cash consideration of US$2.9 billion, payable upon completion of the sale.
“We are delighted with the outcome of this process. Not only have we quickly delivered on our obligations to the New York Public Service Commission to sell Ravenswood but we have also delivered value for our shareholders” said Steve Holliday, Chief Executive of National Grid. “I am pleased that we have reached agreement with TransCanada, which ... |
 | India´s multi-billion dollar clean energy project
With funding support from the Asian Development Bank (ADB), India’s national power grid operator is embarking on an ambitious multi-billion dollar plan to expand the country’s power transmission grid and link stable clean energy supplies to areas suffering shortages. ADB is extending a US$600 million loan to Power Grid Corporation of India Ltd. (POWERGRID) in a multitranche financing facility to fund construction of a high-voltage power transmission system to transmit clean and abundant hydropower generated in the Northern and the Northeastern regions to demand centers in the Western region and ... |
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