Construction has kicked off on a factory that will be able to produce 10,000 Tesla Megapack battery storage units a year. The plant is set to start production in early 2025.

The Lin-gang Group is said to be overseeing construction of the factory, which is taking shape close to Tesla’s Shanghai Gigafactory, which produces Tesla cars. The gigafactory is the firm’s largest plant outside of the US.

According to the administration of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, the new factory will cost approximately US $203.9mn and will span an area of 200,000sqm.

“With Tesla’s benchmark project, we anticipate that within the next three to five years, an industrial cluster centered around energy storage will rapidly emerge,” said Lu Yu, an official of the Lin-gang Special Area Administration.

Tesla’s megapacks can each store 3.9MW/h of energy, which is enough to power 3,600 households for an hour. The battery storage systems are designed to help power companies stabilise energy grids.

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Wylfa in Anglesey, North Wales has been selected by the UK government as the preferred location for its third large-scale nuclear power station.

The proposed facility is expected to be able to generate enough energy to power six million homes for 60 years, contributing to the UK’s clean energy goals.

The decision is said to have come after the government acquired the site from Hitachi for US $202mn in early 2024.

Energy Security and Net Zero Secretary of State Claire Coutinho stated, “We are powering ahead with the biggest expansion of nuclear energy in seventy years. Anglesey has a proud nuclear history, and it is only right that, once again, it can play a central role in boosting the UK’s energy security.”

Wylfa’s location on the North Wales coast is considered ideal due to its access to cooling water and a history of nuclear activity.

The government said that it aims to meet a quarter of the nation’s electricity demand through domestic nuclear power by 2050, and is now said to be in talks with international energy companies regarding the construction of the new plant.

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Symbolic Developments, a venture by UAE-based Speedex Group, has announced the launch of its newest project in Al Furjan, Symbolic Aura, and said it is investing US $40.2mn in the residential complex.

Featuring 72 premium lifestyle ‘Sky Garden’ residences, Symbolic Aura is being positioned as a beacon of sustainable development, aligning with the UAE’s vision for a greener future. Featuring a range of 2.5- and three-bedroom apartments, Symbolic Aura will offer fully furnished interiors.

Vice Chairman Murtaza Moiz commented, “We pride ourselves on providing elevated living experiences with a strong emphasis on sustainability and smart homes. Following the overwhelming success of our first project, Symbolic Alpha in Liwan, which sold out within three months of its launch, we are thrilled to introduce Symbolic Aura in Al Furjan in less than six months.

“Responding to demand from previous project inquiries, we have incorporated larger 2.5 and three-bedroom typologies in Symbolic Aura, offering some of the largest apartment sizes available in the area. With floor-to-ceiling heights of 12ft and only six apartments per floor, the residential community provides unparalleled living experiences.”

The themed Sky Garden Residences also brings nature to residents’ doorsteps, with greenery on every balcony. The design of the project also maximises natural light and ventilation, fostering an environment of openness and tranquility, said the developer.

Construction for Symbolic Aura is set to begin next month, with possession scheduled for March 2026. The development is situated just 15-20 minutes from major business districts such as Downtown, DIFC, and DMCC.

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A US $255mn loan has been approved by the European Bank for Reconstruction and Development (EBRD) for the construction of the southern section of Armenia’s Sisian-Kajaran road. The funding will enable the Government of Armenia to construct 24km of a new southern road section between Sisian and Kajaran, forming part of the North-South Road Corridor.

The project is said to be the largest road infrastructure project ever financed by the EBRD in Armenia.

The loan agreement was signed by Armenia’s Minister of Finance, Vahe Hovhannisyan, and EBRD Managing Director of Sustainable Infrastructure Group, Nandita Parshad, during the EBRD Annual Meeting and Business Forum in Yerevan.

The project received technical cooperation funding from the European Union (EU) to conduct the feasibility study and environmental and social impact assessment.

Nandita Parshad, EBRD Managing Director, Sustainable Infrastructure Group stated, “We appreciate Armenia’s aspiration to develop a transport and logistics infrastructure that will enhance its regional connectivity and integration with external markets. We support this project because it meets our strategic objectives in Armenia and the region. We are also grateful to our partner, the European Union, which provided technical cooperation support to ease the implementation of this important initiative.”

Once complete, the road will improve Armenia’s local, regional, and international connectivity, providing better access to international markets via the Black Sea.

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Larsen & Toubro has won the contract construct a 605-bedroom hospital and medical college in Rajarhat, Kolkata, India. According to the firm, the facility will be built across an area of 1.2m sqft.

In addition to the college, which will have an annual intake capacity of 150 students, the firm will also build a hostel for students, interns, nurses and residents, the company confirmed.

The contractor’s health business unit is said to have secured the deal from the Institute of Neurosciences Kolkata, on a design and build basis.

The project will be executed in two phases over a period of 60 months. The scope of work involves civil structure, finishes, MEP, paramedical and external development works including landscaping, it added.

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