World Bank approves USD375.9M for Pakistan’s power grid upgrade

WB approves $375.9m loan for Pakistan’s power grid upgrade

The financing will be used to upgrade the national power grid and helping reduce electricity outages. The post WB approves 375.9m loan for Pakistan’s power grid upgrade appeared first on BOL News.

Saudi government grants Acwa exclusive green hydrogen export mandate

RIYADH — The Saudi government has granted Acwa an exclusive mandate to export green hydrogen and its derivatives produced in the Kingdom to international markets.The company has also been assigned to develop renewable electricity export projects serving Europe and the Arab region.The approval gives Acwa the exclusive right to export Saudi-produced green hydrogen, including green ammonia, green methanol and green fuels, as global demand for low-carbon energy accelerates.Under the mandate, Acwa will also develop projects for the production, transmission and export of renewable electricity to European and Arab markets, supporting regional energy security while expanding the Kingdom's clean electricity exports.Acwa currently manages a portfolio of 111 assets across 16 countries, with assets under management valued at SR468.9 billion (approximately 125 billion), reinforcing its position as a strategic partner in advancing Saudi Arabia's long-term economic diversification, industrial development and clean energy ambitions.

World Bank approves USD115M project to support Cambodia’s energy transition

World Bank approves USD115M project to support Cambodia’s energy transition

World Bank approves US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project

World Bank approves US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project

Energy Minister unveils plan to source 70% of new power generation from renewables: Wednesday’s mañanera recapped

Energy Minister Luz Elena González presented the government's plan to add 32,475 megawatts of generation capacity to the national grid by 2030, with roughly 22,000 megawatts coming from renewable sources, predominantly solar and wind. The post Energy Minister unveils plan to source 70 of new power generation from renewables: Wednesday’s mañanera recapped appeared first on Mexico News Daily

Minister O’Brien highlights Ireland’s progress on renewables, Solar Ireland conference

Solar is now the third highest supplier of indigenously generated electricity to the national grid Solar is now a key pillar of our electricity supply, from rooftop installations to utility-scale solar farms Just over 10 years ago there were 2 MW (Mega Watts) of solar in Ireland. Now there are over 2.5 GW (Giga Watts) []

Malaysia teroka sistem BESS pilihan peralihan tenaga boleh baharu

MALAYSIA menyasarkan peningkatan berperingkat bagi kapasiti penjanaan elektrik daripada sumber boleh baharu seperti solar, hidro dan biojisim dalam campuran kapasiti terpasang negara. Sasaran pada 2025 adalah 31 peratus dan setakat Disember tahun lalu, Malaysia mencapai sekitar 30 peratus dan berada di landasan betul. Sasaran negara dalam bidang ini adalah 40 peratus pada 2035 sementara 70 ... Read more The post Malaysia teroka sistem BESS pilihan peralihan tenaga boleh baharu appeared first on Utusan Malaysia.

‘No political leader in India will accept that’: USISPF chief Mukesh Aghi on US tariff gap with Pakistan

The neighbour in question is Pakistan. The tariff on India at the moment is 12.5, while Pakistan's is 10, Aghi told ANI. No political leader in India will accept that because it would essentially cost them elections.

Uzbekistan’s solar and wind power generation reaches 6 billion kWh in H1 2026

Uzbekistan’s solar and wind power generation reaches 6 billion kWh in H1 2026

Indonesia earmarks Rp14 trillion for irrigation overhaul in 2026

The government has allocated Rp14 trillion (around US780 million) to revitalize irrigation systems across Indonesia in ...

Form 144 ENERGY FUELS INC For: 9 July

Form 144 ENERGY FUELS INC For: 9 July

FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC

By Obas Esiedesa, Abuja ABUJA – The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). In its First [] The post FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC appeared first on Vanguard News.

Zambian, Korean firms sign deal for 500MW solar plant

Zambia's state-owned power utility ZESCO and South Korea's KS Eco Solutions Holdings have signed a purchase agreement for a 500-megawatt solar plant and battery storage project, as Zambia seeks to diversify its energy mix after recent electricity shortages. Zambia plans to expand its power generation capacity to about 10,000 MW by 2030, up from the current 3,500-3,900 MW, to address a power deficit of more than 1,600 MW and support economic growth. Solar energy is viewed as a key renewable energ

Egypt prioritises power grid upgrade to accelerate renewable energy expansion

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, said modernising the national electricity grid remains a top priority to enhance its capacity to integrate renewable energy, maximise the country’s vast solar and wind resources, and ensure a stable and reliable electricity supply. Esmat made the remarks during a meeting on Saturday with Gong Yu, [] The post Egypt prioritises power grid upgrade to accelerate renewable energy expansion appeared first on Egyptian Gazette.

Egypt’s Renewables Capacity Reaches 9.5 GW, Targets 11.2 GW by End 2026

Egypt’s installed renewable energy capacity has reached 9,516 megawatts (MW), supported by 500 megawatt-hour (MWh) of battery energy storage, Mahmoud Esmat, Minister of Electricity and Renewable Energy, announced during a Cabinet meeting chaired by Prime Minister Mostafa Madbouly. The installed renewable energy capacity comprises 2,982 MW of hydropower, 3,500 MW of solar energy, and 3,034 [] The post Egypt’s Renewables Capacity Reaches 9.5 GW, Targets 11.2 GW by End 2026 first appeared on Egypt Oil Gas.

South Africa Electricity Tariff Increase: Experts Analyze the July 1 Hikes

JOHANNESBURG, Gauteng — As the latest South Africa electricity tariff increase takes effect this month, households are bracing for higher utility bills right in the middle of winter. Approved by the National Energy Regulator of South Africa (NERSA) for the 2026/27 municipal financial year, the steep municipal electricity tariffs have sparked widespread concern. Energy expert []

Energy And Utilities Analytics Market To Hit $10.1B By 2031 As IBM (NYSE: IBM), Siemens, And GE Vernova Lead Competitive Field

The global energy and utilities analytics market is forecast to grow from over 6.10 billion in 2026 to over 10.10 billion by 2031, representing a compound annual growth rate of 10.6. A new report published by ResearchAndMarkets.com outlines the key forces shaping the sector, identifying grid modernization, renewable energy integration, and smart meter rollouts as [] The post Energy And Utilities Analytics Market To Hit 10.1B By 2031 As IBM (NYSE: IBM), Siemens, And GE Vernova Lead Competitive Field appeared first on Foreign Policy Journal.

Philippines becomes world’s top solar spender amid Middle East energy crisis

People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world’s biggest spender on solar panels since the war in Iran started. Top power distributor Meralco has raised prices by 10 per cent since the Middle East conflict began in late February. Now, a median household spends around 12 per cent of monthly ‌income on electricity, assuming it consumes 200 kilowatt-hours – around the monthly average for three...

‘The public isn’t against net zero. They’re waiting for it to pay them back’

In July, events in the Middle East will push the typical family’s energy bill to £1,862, a 13 The post ‘The public isn’t against net zero. They’re waiting for it to pay them back’ appeared first on LabourList.

Pakistan's Inflation Surge Raises Fears of Prolonged Economic Crisis

Pakistan's economy is coming under mounting pressure as inflation continues to accelerate, with economists warning that the country risks slipping further into a cycle of weak growth, rising prices and increasing financial strain. Pakistan's annual inflation rate reached 11.7 in May 2026, after rising to 10.9 in April from 7.3 in March, placing it well ...

World Bank approves $265 million for Morocco hydropower project

The World Bank approved 265 million on Wednesday to support Morocco’s Ifahsa pumped-storage hydropower project near Chefchaouen, a major clean-energy facility expected to become the largest of its kind in Africa. The 300-megawatt plant will help Morocco integrate at least 1 gigawatt of additional solar and wind capacity into the national grid, the World Bank [] The post World Bank approves 265 million for Morocco hydropower project appeared first on HESPRESS English - Morocco News.

Latest tariff hike deepens burden on consumers  – Minority

The Minority Caucus on Parliament’s Energy Committee has indicated that cumulative electricity tariffs have risen by 26.82 per cent since the National Democratic Congress (NDC) assumed office in January 2025. The caucus described the latest 3.49 per cent increase in electricity tariffs, announced by the Public Utilities Regulatory Commission (PURC) and effective July 1, 2026, The post Latest tariff hike deepens burden on consumers – Minority appeared first on Ghanaian Times.

Sabah to face rolling power cuts after Petronas gas platform disruption hits grid

KOTA KINABALU, June 29 — Thousands of electricity consumers across Sabah will face scheduled power rationing after...

Rivers State Backs Solar Power For Rural Growth

The Rivers State Government has reaffirmed that reliable electricity is critical to sustainable development, stressing that meaningful economic growth cannot be achieved without access to affordable and dependable power supply. Governor Siminalayi Fubara stated this during the groundbreaking ceremony for the construction and installation of an 11.9 Megawatt Peak (MWp) Solar Mini-Grid Project in Bolo [] The post Rivers State Backs Solar Power For Rural Growth appeared first on Voice of Nigeria.

Power Grid secures loan from JBIC to advance India’s HVDC push

The green loan emphasises Power Grid’s continued commitment to supporting India’s energy transition goals while adhering to the environmental, social, and governance (ESG) standards, the Maharatna company said

Exchange rate pressures force utility tariff adjustment despite falling inflation – PURC

The Public Utilities Regulatory Commission (PURC) has attributed the latest increase in electricity and water tariffs largely to exchange rate pressures, despite a decline in inflation and stable electricity generation levels.

World Bank approves $265m for Morocco’s Ifahsa pumped-storage hydro project

Photo Credit: WAM Dubai, UAE — July 2026 — The World Bank’s Board of Executive Directors approved on Wednesday 265 million in financing to support the “Ifahsa” pumped-storage hydroelectric project in Morocco. In a statement, the World Bank said the Ifahsa project, located in northern Morocco, will function as a giant rechargeable “battery” for the [] The post World Bank approves 265m for Morocco’s Ifahsa pumped-storage hydro project appeared first on Middle East News 247.

Why India's Uranium Deal With Australia Could Transform Its Nuclear Future

India's installed nuclear capacity currently stands at around 8 GW, but the government's vision is to raise that figure to 100 GW by 2047.

Beyond the Upper-Middle-Income Milestone: Making growth work for every Filipino

THE WORLD Bank’s decision to reclassify the Philippines as an Upper-Middle-Income Country marks an important chapter in the country’s long economic journey. With Gross National Income (GNI) per capita rising

Afghanistan approves five-year power development plan to boost domestic energy production

The strategy includes the implementation of 25 electricity generation projects that will harness Afghanistan's domestic energy resources, including hydropower, solar, wind and coal. The post Afghanistan approves five-year power development plan to boost domestic energy production first appeared on Ariana News | Afghanistan News.

Türkiye targets $50B in distant markets exports by 2028

President Recep Tayyip Erdoğan on Friday announced a fresh increase in export financing, raising the annual limit for rediscount loans to TL5 billion while unveiling a target of...

Setikhola Hydropower Project starts production

Kaski, July 9: The Setikhola Hydropower Project has started power production. Located at Pokhara Metropolitan City-33 in...

MOL Launches New Partnership Model for High-Power Charging Stations

The Hungarian oil and energy company MOL is continuing to drive forward the expansion of domestic electric mobility. Through its newly launched MOL Plugee Partner Program, the company is providing financial and logistical support to businesses as they set up a modern charging infrastructure. Participants can expect a marketing grant of up to 3.6 million [] The post MOL Launches New Partnership Model for High-Power Charging Stations appeared first on Hungary Today.