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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

Indian Buyers Seek 'Due Diligence' on Dabhol

LCG, Nov. 13, 2001--Tata Power Co and BSES Ltd. will start valuing the assets of Dabhol Power Co. assets in a few days in anticipation of a possible purchase of Enron Corp.'s majority stake, the Industrial Development Bank of India said yesterday.

The two Indian utilities hope to begin a "due diligence" inspection of financial records and operations with a view to arriving at a offer price for Dabhol's $2.9 billion power plant on the west coast of India, Reuters news agency said.

Tata and BSES hope to acquire Enron's 65 percent interest in Dabhol, plus the 10 percent each owned by General Electric Co. and Bechtel Enterprises, both of the U.S.

Enron has said it wants $1 billion for its 65 percent in Dabhol, but Indian sources say that 85 percent of the company could be had for around $800 to $900 million.

"The sale price of the shareholding of Enron and its associates in DPC would be decided by the concerned parties through mutual negotiations," the IDBI said in a statement.

Indian lenders to the Dabhol project account for about $1.4 billion of its debt, and they are casting a wary eye to news about Enron emanating from the U.S. They fear that if Enron is unable to sell its stake and terminates its contract with the Maharashtra State Electricity Board, it could end up defaulting on its loans.

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