News
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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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
Work on India's Dabhol Power Plant Halted
LCG, June 18, 2001Dabhol Power Co., the embattled $2.9 billion power project in western India owned 65 percent by Enron Corp. of the U.S., said yesterday that work on its 1,444 megawatt phase two had been halted because of uncertainty over funding.In a terse statement, the company said "The DPC received notice today that the construction contractors have terminated further work on phase two of the Dabhol power plant." Phase two of the plant has been scheduled to begin commercial operation later this month.Almost since the 740 megawatt phase one of the facility began production last year, Dabhol has been in constant dispute with its sole customer, the Maharashtra State Electricity Board, over payment for power sold to the state-owned utility. At first, the MSEB simply dragged its feet over paying its bills, forcing Enron to invoke state and federal guarantees. More recently, the MSEB has been trying to back out of contracts it signed with Enron in the mid-1990s.In the Dabhol statement, managing director Wade Cline said the project's lenders found it "near impossible" to continue funding the nearly-complete second phase. "Since the contractors cannot continue to work without payment, they have terminated their construction contracts," Cline said. "These actions are a direct consequence of the MSEB and governments' failure to live up to their commitments."Dabhol said "Given the ongoing defaults by MSEB, we anticipated the contractors' termination. Consequently, DPC is implementing prior plans to care for and preserve Phase II of the plant pending a resolution of the dispute." The company said it was "committed to finding lasting solutions" to the disputes. "In the interim, DPC will continue to abide by the PPA, meet contractual obligations, enforce its rights under contracts and take various disputes to the contractually defined dispute resolution process," the Dabhol statement said.
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