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Meta Announces Up to 6.6 GW of Nuclear Projects to Power American AI

LCG, January 9, 2026--Meta today announced new, landmark agreements that will (i) extend and expand the operation of three existing nuclear power plants and (ii) drive the development of advanced nuclear technology. Meta's new agreements with Vistra, TerraPower, and Oklo follow Meta's request for proposals (RFP) issued last month. Meta expects these projects to deliver up to 6.6 GW of new and existing clean nuclear energy by 2035.

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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Industry News

Indian Buyers Seek 'Due Diligence' on Dabhol

LCG, Nov. 13, 2001--Tata Power Co and BSES Ltd. will start valuing the assets of Dabhol Power Co. assets in a few days in anticipation of a possible purchase of Enron Corp.'s majority stake, the Industrial Development Bank of India said yesterday.

The two Indian utilities hope to begin a "due diligence" inspection of financial records and operations with a view to arriving at a offer price for Dabhol's $2.9 billion power plant on the west coast of India, Reuters news agency said.

Tata and BSES hope to acquire Enron's 65 percent interest in Dabhol, plus the 10 percent each owned by General Electric Co. and Bechtel Enterprises, both of the U.S.

Enron has said it wants $1 billion for its 65 percent in Dabhol, but Indian sources say that 85 percent of the company could be had for around $800 to $900 million.

"The sale price of the shareholding of Enron and its associates in DPC would be decided by the concerned parties through mutual negotiations," the IDBI said in a statement.

Indian lenders to the Dabhol project account for about $1.4 billion of its debt, and they are casting a wary eye to news about Enron emanating from the U.S. They fear that if Enron is unable to sell its stake and terminates its contract with the Maharashtra State Electricity Board, it could end up defaulting on its loans.

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