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Graphic Packaging and NextEra Energy Resources Sign 250-MW Virtual Power Purchase Agreement

LCG, April 29, 2026--Graphic Packaging Holding Company today announced a virtual power purchase agreement (VPPA) with NextEra Energy Resources, LLC. With the VPPA agreement, NextEra Energy Resources plans to build the Selenite Springs Energy Center, a 250-MW solar energy facility in West Texas, and Graphic Packaging will be the sole buyer of the facility's renewable energy attribute certificates. Graphic Packaging, a global provider of sustainable consumer packaging, expects the agreement to cover approximately 43 percent of its 2025 electricity usage in the U.S. and Canada. The agreement will advance Graphic Packaging's commitment to source renewable electricity and reduce its greenhouse gas (GHG) emissions.

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PJM Announces More Than 800 New Generation Projects Seek to Connect the Grid

LCG, April 29, 2026--PJM Interconnection today announced that 811 new generation projects applied to connect to the grid through the first Cycle of PJM's new reformed interconnection process, which is designed to improve the certainty, speed and discipline of generation project review. In total, the generation applications would be capable of generating 220 GW of electricity.

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Industry News

Bidding Process for Enron's Plant in India Takes Form

LCG, Jan. 21, 2002--Companies interested in bidding on Enron's $2.9 billion Dabhol power project in India's state of Maharashtra are said to have until March 14th to submit offers.

The plant is jointly owned by Enron, which retains 65 percent; General Electric and Bechtel each have 10 percent, and Maharashtra State Electricity Board holds 15 percent. The bidders include three foreign companies and three Indian companies, the foreign companies being Royal Dutch/Shell, European oil major TotalFinaElf, and the French government-owned Gaz de France. All will have access to a data room in London containing operating information and contractual agreements relating to the installation by early February.

The bidding process is being overseen by the Industrial Development Bank of India and the Overseas Private Investment Corporation, a US agency that insures ventures by U.S. firms in "risky" regions. A pre-bid conference is expected to take place in late February to give background information that could affect the value of the plant.

The first phase of the project, with a capacity of 740 megawatts, was to have been followed by a 1,444-megawatt second phase, but delinquency in payments for power by the state electricity board was followed by a halt to further construction.
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