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Invenergy Announces New Agreements with Meta for Renewable Energy to Support Data Center Operations

LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.

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New York Power Authority to Develop New Nuclear Facility in Upstate New York

LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.

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Industry News

Lenders Cut Maharashtra Electricity Board Some Slack

LCG, Jan 11, 2001Lenders to Dhabol Power Co., Enron Corp.'s big power project near Bombay, India, decided not to take any major action Tuesday after the Maharashtra state electricity board paid its October electric bill, an Indian business newspaper reported this morning.

The Economic Times quoted unnamed sources at Indian financial institutions as saying "Lenders have expressed concerned about the huge credit exposure in DPC and were also disappointed over the state government apparent disinclination to honor its guarantee."

An emergency meeting had been convened among Enron and the Dhabol project's lenders because the Indian state of Maharashtra's state electricity board had fallen three months behind on payment for electricity produced by the new plant.

Over the weekend, the central government of India instructed Maharashtra state to press its electricity board to resolve the past-due bills and Enron had threatened to invoke letters of credit and India's own sovereign guarantee. A few minutes before the creditors' meeting, Maharashtra said it would pay the October bill.

Among the institutions participating in the meeting were the Industrial Development Bank of India, the ICICI Bank of India and the State Bank of India, the country's oldest, largest and most successful commercial bank.

Maharashtra state electricity board's October bill was for rupees 135 crore, or $28.9 million U.S. The past due November bill, which is still outstanding, is $31.7 million. A December bill for $34.1 million is payable this month.

Though the government of Maharashtra bailed out its state electricity board for the October bill, lenders were not confident that it would continue the policy. However, sources close to the Economic Times indicated that pressure from the Indian central government left the state little choice.

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