GE Renewable Energy Wins Major Contract with NEA

The Nepal Electricity Authority (NEA) and GE Renewable Energy have entered into a multi-million dollar contract to improve Nepal's electricity transmission system. This project includes the automation of all 39 substations and the upgrading of relay panels and other necessary components to improve reliability, efficiency and financial viability for Nepalese citizens.

Share:

GE Renewable Energy announced today that its Grid Solutions business has won a multi-million dollar contract from the Nepal Electricity Authority (NEA). This contract includes the automation of 39 substations across the country, including the construction of six main control centers (MCC). The MCCs will be monitored by GE Digital Solutions.

 

Modernization of electrical panels and components

The Asian Development Bank (ADB) funded project also includes the upgrade of relay panels and other electrical components needed for the substations. Once automated, the substations will be connected to Nepal’s National Load Distribution Center (NLDC) so that real-time data can be collected and analyzed.

“Our goal is to improve the reliability, efficiency and financial viability of Nepal’s electricity supply system,” said Kul Man Ghising, NEA’s managing director. Johan Bindele, Head of Network Systems Integration at GE Grid Solutions, says, “The current layout allows for a large number of different origins and sources. Intelligent updates are necessary to ensure the proper functioning of the network and to manage the constant increase in conditions. Upgrading the substations will greatly improve the quality of power transmission in Nepal.”

 

Report on chronic electricity shortage in Nepal

Although Nepal’s power generation capacity has increased significantly in recent years, power shortages during the dry winter months are still a problem due to the need to strengthen the transmission system. In response to this challenge, the Nepalese government launched ambitious plans in 2016 to install an additional 10,000 MW of generating capacity over the next 10 years and export excess electricity to neighboring countries. To achieve these plans, it is imperative that the country’s transmission systems be upgraded and expanded immediately.

Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.
Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
TotalEnergies acquires 50% of AES' renewable portfolio in the Dominican Republic following a previous purchase of 30% of similar assets in Puerto Rico, consolidating 1.5 GW of solar, wind, and battery storage capacities in the Caribbean.
TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.
CBAK Energy and Anker Innovations jointly launch a battery cell manufacturing facility in Malaysia, with a commercial potential estimated at $357 million, further strengthening their strategic partnership in the lithium-ion battery sector.