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News
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LCG, February 14, 2019--The Tennessee Valley Authority (TVA) Board voted today to retire both the Paradise Unit 3 and Bull Run coal-fired power plants within the next few years. The closures will reduce the TVA fleet electric generating capacity by 2,031 MW.
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LCG, February 8, 2019--Balico, LLC and Gemma Power Systems selected Mitsubishi Hitachi Power Systems Americas (MHPS) and its J Class turbines for the 1,600-MW Chickahominy Power Station project in Virginia. The combined cycle power plant will deliver power into the PJM regional transmission grid and is scheduled for completion in 2022.
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Industry News
CMS Energy to Exit India
LCG, Nov. 12, 2001--Michigan utility holding company CMS Energy Corp. said in an e-mailed news release this weekend that it is planning to sell all of its energy interests in India.Early this summer, CMS said that it was losing its enthusiasm for doing business on the subcontinent after plans to build an 1,850 megawatt power plant along with a liquefied natural gas terminal on the Coromandel Coast, just north of Madras, became hopelessly entangled in red tape.CMS did not say the difficulty of doing business in India was the reason for its planned exit from that country.Kelly M. Farr, the company's director of communications, said "CMS Energy is refocusing its business strategy to repair its overleveraged balance sheet. As such, we will concentrate on our home base of North America for future growth and ultimately sell our energy assets in India."But there are parallels between the $1.6 billion LNG-power plant project and Enron Corp.'s similar $2.9 billion project on the west coast of India.CMS said it would look for buyers for its 49 percent interest in the 200 megawatt Basin Bridge power plant in Madras, its 23 percent stake in a 235 megawatt plant in southern Andhra Pradesh state and its 50 percent share of a 250 megawatt plant under construction south of Madras.CMS has about $690 million invested in those three projects.Farr said no timetable had been set for the sell-off.
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