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TVA and ENTRA1 Energy Announce Collaborative Agreement in Landmark 6-Gigawatt NuScale SMR Deployment Program - Largest in U.S. History

LCG, September 3, 2025--The Tennessee Valley Authority (TVA) and ENTRA1 Energy (ENTRA1) yesterday announced a new agreement to advance nuclear power development within TVA’s service region. Under the agreement, ENTRA1 Energy will collaborate with TVA to deploy six ENTRA1 Energy Plants™, each powered by multiple NuScale Power Modules™, to provide up to 6 GW of firm, 24/7 baseload power.

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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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Industry News

Lenders May Vote Today on Fate of Enron India Plant

LCG, May 17, 2001Lenders to the Dabhol Power Project owned by Enron Corp. in India will decide today whether to cancel the project's contract to sell power to the Maharashtra State Electricity Board, Indian newspapers said this morning.

Discussions yesterday, involving only one Indian lender, the State Bank of India, and foreign lenders, deferred a decision until today when India's Industrial Development Bank, the Industrial Finance Corp. of India, Canara Bank and ICICI Bank Ltd. will participate.

Indian financial reporters expect the lenders to authorize Dabhol Power Co. to issue a notice to terminate the contract with the MSEB, but the Indian lenders are expected to oppose the proposal. Unlike the foreign financial institutions, they do not have their loans backed by the Indian government's sovereign guarantee.

Dabhol Power is India's single largest foreign investment. The 740 megawatt first phase of the plant went into production last year and Enron, the MSEB, the state of Maharashtra and the Indian government have been feuding ever since as Enron's Indian customers have proved to be reluctant to pay their electric bills.

Next month, with the completion of the second phase of the project, Dabhol's capacity will more than triple to 2,184 megawatts, and now the MSEB says it doesn't need the power, even though it agreed in 1995 to purchase all the output of the huge plant.

With their federal guarantees, foreign investors could walk away from Dabhol more or less whole, but Indian lenders have an exposure of about $1.4 billion.

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