Lansing looks to issue bonds for new plant
LANSING, MICHIGAN - The Lansing Board of Water and Light, which provides electric service to 97,000 customers in Lansing, Lansing Township, and Delta Township, plans to issue about $250 million of tax-exempt bonds to finance construction of a new $182 million electric and steam-generating plant.
The board will vote this month on the first in a series of rate increases that will be used in part to pay off the bonds associated with the new gas-fired facility, according to a report in the Lansing State Journal.
The board plans to hold a public hearing on the new plant and the rate increases, with a vote scheduled for the last week in January.
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Saudis set to 'boost wind by over 6GW'
RIYADH - Saudi Arabia will become a regional heavyweight in the Middle East's wind power market adding over 6GW in the next 10 years, according to new research by Wood Mackenzie Power & Renewables.
The report – 'Middle East Wind Power Market Outlook, 2019-2028’ – said developers will build 6.2GW of wind capacity in the country or 46% of the region’s total wind capacity additions between 2019 and 2028.
Wood Mackenzie Power & Renewables senior analyst Sohaib Malik said: “The integration of renewables in Vision 2030’s objectives underlines strong political commitment within Saudi Arabia.
“The level of Saudi ambition for wind and solar…
