The British utility Npower , a subsidiary of the German RWE, will announce that it will cut 2500 UK jobs, more than 20 per cent of its UK workforce.
In a meeting between European environmental ministers, the UK, Germany and France together pushed for stronger targets for the reduction of greenhouse gases in the EU, a stance that led to clashes with other central and eastern European (CEE) states as well as the EU executive.
NRG has announced that it posted a total loss of $6.36 billion in the fourth quarter of 2015, with more than $5 billion in write-offs stemming from the company’s struggling commodities business.
GE has closed its transaction to divest select power generation assets to Ansaldo Energia .