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:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

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.

Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.
Petróleos Mexicanos received offers surpassing the $9.9bn cap set for its debt repurchase programme, resulting in oversubscription during the initial phase of the operation.
The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.
Chilean power producer Colbún has completed its cash tender offer for 3.950% notes due 2027, repurchasing more than half of the outstanding amount for a total of $266mn.
Iberdrola strengthens its presence in Brazil by acquiring PREVI’s stake in Neoenergia for BRL11.95bn, raising its ownership to 84%.
US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.

Log in to read this article

You'll also have access to a selection of our best content.