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Babcock & Wilcox Selects Siemens Energy to Supply Steam Turbine Generator Sets for Massive Applied Digital Data Center Power Project

LCG, January 8, 2026--Babcock & Wilcox (B&W) announced today that it has selected Siemens Energy to provide steam turbine generator sets for B&W’s groundbreaking project to install and deliver one GW of power for an Applied Digital AI Factory. B&W and Siemens have entered into an agreement for a limited notice to proceed to secure the turbine sets, which will enable B&W to deliver power for the project by the end of 2028. The estimated cost of the project is approximately $2 billion. The full contract release is expected in the first quarter of 2026.

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Constellation Completes Acquisition of Calpine

LCG, January 7, 2026--Constellation today announced that it completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP). Constellation is now the largest producer of electricity in the U.S., with electric generation facilities across the nation.

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Industry News

Enron Threatens to Back Out of India Project

LCG, April 10, 2001Enron Corp. of the U.S. yesterday issued to the Indian state of Maharashtra a "political force majeure" notice, constituting a warning that it could withdraw from the $3 billion Dabhol Power Project, where it is locked in a bitter payments dispute with the Maharashtra State Electricity Board.

The 2,364 megawatt plant represents the largest foreign investment in India. Enron's possible exit would damage India's credibility with foreign investors, especially after four other companies withdrew from Indian power projects because of endless red tape and corruption on the state electricity boards.

The U.S. firm Cogentrix withdrew from a project in December 1999 after waiting seven years for approvals that never came. Those approvals might have been received promptly had Cogentrix been willing to bribe government officials.

Enron is owed 2.25 billion rupees ($48 million U.S.) by the MSEB for December power deliveries, and had to resort to India's sovereign guarantees to get paid for October and November. The MSEB countered by fining Enron 4.02 billion rupees for "technical under-performance" and told Enron it could deduct the past due electric bill from its fine.

Enron said the MSEB's fine was "frivolous and a diversion."

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