Russia aims to switch from coal to gas

Russia is to convert a major power plant from coal to gas, thanks to a seven-year loan worth 12 billion roubles (£0.2bn) provided by a London-based bank. The cash will be used for the construction of a 420MW Combined Cycle Gas Turbine (CCGT) power unit at the Verkhnetagilskaya thermal power plant (pictured) owned by Inter […]

€60m loan for new Montenegro-Italy interconnector

Montenegro has secured a loan from a London-based bank to build a new power transmission line that will link the nation to Italy. The €60 million (£50.7m) loan will be used to finance an undersea interconnection and a new substation, which will help strengthen the existing high voltage network near the Adriatic Coast (pictured). The […]