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Duke Energy Seeks to Extend Operating License for Robinson Nuclear Plant

LCG, April 9, 2025--Duke Energy announced yesterday its submission of a subsequent license renewal (SLR) application to the U.S. Nuclear Regulatory Commission (NRC) for the Robinson Nuclear Plant, a 759-MW nuclear unit located near Hartsville, South Carolina. The application requests extending the plant's operations for an additional 20 years.

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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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Industry News

World Bank to Give $199 Million for Bangladesh Electricity

LCG, June 26, 2002--Yesterday, the World Bank allotted money in the form of credit and grants to Bangladesh for energy development.

The $199 million consists of $191 million interest-free credit and an $8 million grant.

The World Bank intends the money to be used in rural electrification and renewable energy project, to expand service to 700,000 remote customers.

The project is estimated to cost $298 million, $92 million of which will come from the Bangladesh government.

About 10 million households in Bangladesh do not have electricity. The population of Bangladesh is over 133 million.

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