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Wärtsilä to Supply the Engineering and Equipment to East Kentucky Power Cooperative for 217-MW Power Plant

LCG, August 27, 2025--Wärtsilä Energy announced yesterday an agreement with East Kentucky Power Cooperative (EKPC) to supply the engineering and equipment for a 217-MW power plant to be constructed in Liberty, Kentucky. The Wärtsilä equipment is scheduled for delivery in mid-2027, and the plant is expected to be commissioned in early 2028.

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TerraPower, Utah's Office of Energy Development, and Flagship Companies Sign MOU to Identify Sites for Advanced Nuclear Reactors

LCG, August 25, 2025--The Utah Office of Energy Development (OED), TerraPower and Flagship Companies announced today the signing of a Memorandum of Understanding (MOU) to explore the potential siting of a Natrium® nuclear reactor and energy storage plant in Utah. The MOU establishes a shared commitment to support advanced nuclear technologies to build Utah’s energy future and to prioritize reliability, economic growth and energy abundance.

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Industry News

Chile says AES May Have to Buy All of Gener

LCG, Dec. 13, 2000--Chilean Securities and Insurance Superintendent Alvaro Clarke said yesterday that new legislation may require AES Corp. of the U.S. to acquire 100 percent of power producer Gener if it completes its current tender offer for 80 percent of the company.

The legislation, not yet signed by President Ricardo Lagos, requires the purchaser of two-thirds of a Chilean company to acquire the remaining equity through a tender offer. Clarke said it was very likely President Ricardo Lagos would sign the Tender Offer and Corporate Governance Bill into law before AES completes its tender offer.

"If AES Corporation takes control of two-thirds of Gener during its tender offer, and if the new law is already ratified, then it must open a new process to control 100 percent of equity at a price that is no less than the one announced," Clarke explained.

AES has said it would be willing to consider acquiring 100 percent of Gener if legislation requires the company to do so.

Gener is Chile's second-largest power producer and its largest producer of electricity from thermal power plants.

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