Articles - Past and present news from The Energy Industry Times

FirstEnergy’s asset impairments lead to $6.2 billion loss

  • 8 hours ago (2017-02-22)
  • David Flin

FirstEnergy, based in Ohio, USA, has announced that its decision to sell or close power plants that operate in competitive markets has forced it to impair a significant portion of its portfolio, and led to a $6.2 billion loss in 2016.

Veresen selling power generation business for $1.18 billion

  • 8 hours ago (2017-02-22)
  • David Flin

Veresen of Canada has announced that it is selling its power generation business to several buyers for a total of $1.18 billion.

Siemens to build Hohe See offshore wind project

  • a day ago (2017-02-21)
  • David Flin

Siemens Wind Power has announced that it will provide a complete offshore wind power plant solution, including foundations, for EnBW’s Hohe See offshore wind project, off the German coast.

Tepco and Chubu Electric may integrate thermal power business in 2018

  • 2 days ago (2017-02-20)
  • David Flin

Tokyo Electric Power Company Holdings and Chubu Electric Power are considering integrating their thermal power generation business in fiscal 2018.

New North American wind power record

  • 5 days ago (2017-02-17)
  • David Flin

Southwest Power Pool (SPP) in the USA has set a wind power penetration record of 52.1 per cent on 12 February, becoming the first regional transmission organisation (RTO) in North America to serve more than 50 per cent of its load at a given time with wind energy.

Horizon and Exelon partner to advance Wylfa Newydd project

  • 6 days ago (2017-02-16)
  • David Flin

Horizon Nuclear Power and Exelon Generation have announced a partnership to aid development of the Wylfa Newydd nuclear power project in Anglesey, Wales.

Toshiba reports $6.3 billion nuclear hit and slides to loss

  • 7 days ago (2017-02-15)
  • David Flin

Japan’s Toshiba has announced that it will book a $6.3 billion hit to its US nuclear unit, a writedown that wipes out its shareholder equity, and leaves the group scrambling for capital.

Remote coal gas project to ease South Australia’s power crisis

  • 8 days ago (2017-02-14)
  • David Flin

Leigh Creek Energy has announced that it plans to construct a gas plant at the site of the former Leigh Creek coalmine, 500 km north of Adelaide, South Australia, to produce commercial quantities of pipeline-quality methane.

Nepal’s Mid-Marshyangdi power generation drops to 30 MW

  • 9 days ago (2017-02-13)
  • David Flin

With the onset of the dry season in Nepal, power generation from the 70 MW Middle Marshyangdi Hydropower Project has fallen to around 30 MW, due to the significant drop in water level in the river basin.

Libya connects eastern and western power networks

  • 9 days ago (2017-02-13)
  • David Flin

The General Electric Company of Libya (GECOL) has announced that its maintenance teams have managed to restore the link between the eastern and western power networks after over two years of separation.

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