Reserve Bank of Australia to announce rate decision and monetary policy statement in 10 minutes.

Worksite says the first unit’s stator and main transformer have been installed, marking the electromechanical installation phase entering a critical stage. The plant in Luotian County, Huanggang, Hubei has total capacity of 1.4 GW, comprising four 350 MW reversible pump-turbine motor-generator units. Once operational it will supply peak shaving, valley filling, bulk energy storage, frequency and phase regulation, and emergency reserve capacity to the Hubei grid.

A Qatari foreign ministry spokesperson said the mediation team that traveled to Tehran on Monday evening has returned to Doha and negotiations are ongoing. Efforts to narrow differences continue, and both sides are reviewing proposals put forward by Qatar as mediator.