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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

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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