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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

Enron's Dabhol Power, Lenders to Meet in London

LCG, Nov. 27, 2001--Dabhol Power Co., the huge power project in India that is 65 percent owned by Enron Corp. of the U.S., will meet with its lenders in two separate meetings in London this Friday and Saturday and may decide the fate of India's largest foreign investment.

The meetings will consider proposals which would allow Dabhol to terminate its agreement with the Maharashtra State Electricity Board. Enron had issued a preliminary notice of termination last May with a deadline of November 19, but a Bombay court, acting on an appeal by Indian lenders, asked Dabhol to withhold a notice of termination until December 3.

The Indian financial institution feared that if the contract with the MSEB were terminated they would have little chance of recovering the $1.4 billion they have advance the $2.9 billion project.

Non-Indian lenders, led by Citibank and Bank of America, both of the U.S., will meet Friday to consider giving Dabhol their permission to issue the notice of termination. Also on Friday, the Dabhol board will meet in London to consider giving the project's management authority to issue the notice of termination.

Enron, which owns 65 percent of Dabhol, and two other U.S. firms, General Electric Co. and Bechtel Enterprises -- each with 10 percent -- are fed up with doing business in India and would like to exit the subcontinent.

Their departure would be a blow to India's 10-year-old electricity sector reform program, which had already seen the departure of five other foreign companies which cited bureaucratic delays and legal wrangling as a steady diet when doing business in India.

If Dabhol issues its final notice of termination, the brouhaha would move to international arbitration to resolve arguments over damages.

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