[BP and Zhejiang Energy Group's Natural Gas Market in China]On May 31, 2023, BP officially signed a joint venture contract with Zhejiang Energy Group's natural gas group and its holding companies to jointly establish a liquefied natural gas trading company to sell LNG through tank truck transportation. This is the first collaboration between BP and Zhejiang Energy Natural Gas. This joint venture is BP's third tank truck LNG trading and sales company in China, with the other two being Shenzhen Dapeng Liquefied Natural Gas Sales Co., Ltd. and Xinying Energy Trading Co., Ltd. Editor/Ma Xue
The Dalat Mengxi 1000 kV AC transmission and transformation project has been approved by the National Development and Reform Commission. The project is scheduled to start construction in April 2026 and be put into operation in September 2027, with a total investment of 4.374 billion yuan. The project is a key supporting facility for the Mengxi Beijing Tianjin Hebei ultra-high voltage direct current project, which will enhance the power transmission capacity from Mengxi to the east and serve the clean energy consumption and coordinated development of the Beijing Tianjin Hebei region.Editor/Gao Xue
Indian solar manufacturer Saatvik Green Energy announced an investment of 2.51 billion rupees to build a photovoltaic module manufacturing plant in Odisha state. The investment was completed through a wholly-owned subsidiary, with funding sourced from the company's IPO last year. The local photovoltaic manufacturing capacity in India continues to improve, and the current ALMM certified module production capacity has exceeded 109GW.Editor/Gao Xue