Shortages in electricity generation are threatening to cripple the industries of the Indian state of Rajasthan, as power companies have imposed 11-hour outages on all industries across the state.
The European Bank for Reconstruction and Development (EBRD) has committed to lending Russia’s electricity generator Inter RAO UES $300 million through a five-year convertible loan to prepare this state-controlled holding for a potential international public offering.
Abdullah Al-Shehri, Governor of the Electricity and Cogeneration Regulatory Authority (ECRA) of Saudi Arabia, said that the frequent blackouts and poor power supply quality to cities around the country this summer are the result of aged power stations.
Japan’s Tohoku Electric Power Company has announced that it will create a joint venture dedicated to photovoltaic power generation in partnership with Yurtec Corporation.
The Power Ministry and the Coal Ministry of the Indian government is reported to be considering asking Coal India Limited (CIL) to import coal to meet the growing domestic demand and adopt pool pricing of international and indigenous coal for supplying to power companies.
Westinghouse has announced that it is submitting bids for two potential new nuclear reactors in Canada, and will open a satellite office in Toronto to support the bids.
NRG Energy Inc. (NRG) is to purchase $1.7 billion of GenOn Energy Inc. (GEN) stock, initiating a merger that will create the US’ largest independent electricity generator and, hopefully, a more resilient firm with the market strength to withstand sliding power prices.
Rises in US natural gas prices are expected to push back natural gas gains against coal as some utilities return to using coal for power generation.
Japan’s Kansai Electric Power Company has announced that its 1180 MW No 4 reactor at its Ohi nuclear power plant has resumed supplying electricity to the grid.
The Nigerian Bureau of Public Enterprises (BPE) has received technical and financial proposals from 25 potential investors for the country’s four thermal and two hydro generation power stations, according to a statement from spokesman of the BPE, Chukwuma Nwoko.