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Matrix Renewables Announces the Commissioning of Pleasant Valley Solar 1

LCG, April 15, 2025--Matrix Renewables announced today the successful commissioning of the Pleasant Valley Solar 1 power generation facility in Ada County, Idaho. The 200-MWac solar facility includes a Power Purchase Agreement (PPA) that was secured through negotiation with Meta and Idaho Power. Matrix Renewables states the facility is the largest operational solar facility in Idaho Power's system. Sundt Renewables, the Engineering, Procurement, and Construction (EPC) services provider, completed construction of the project on March 2nd.

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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Industry News

Enron India Lenders to Meet in London

LCG, April 19, 2001Enron Corp. said this morning that its Enron India subsidiary has scheduled an April 23 meeting in London with financial institutions that lent money for the construction of the Dabhol power plant in India's state of Maharashtra.

The meeting is planned to bring Dabhol's lenders up to date on ongoing differences with Maharashtra and the state's government owned utility, but could foreshadow international arbitration in the dispute. Earlier this month, Enron issued a notice of "force majeure" which is the first step in taking the matters to arbitration.

Maharashtra agreed with Enron in 1995 on construction of a 740 megawatt "first phase" of Dabhol and to a 1,450 megawatt second phase to be built on the heels of the first, with the state to purchase the entire output. The state's utility, the Maharashtra State Electricity Board, has defaulted regularly on payments to Dabhol for power from the first phase and now says it has no interest in the second phase, which is nearly complete.

Enron has twice invoked India's federal guarantee to secure payment of monthly electric bills and is now owed about $48 million for power delivered in January. Lenders have extended about $1.2 billion for construction of the second phase, which is expected to begin operation later this year.

Lenders likely to attend next Monday's meeting in London include the Indian institutions Industrial Development Bank of India, Industrial Finance Corporation of India , Canara Bank, State Bank of India and ICICI Ltd., an investment bank.

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