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CEZ says EU settlement deal to sell capacity still valid

  • 12 years ago (2012-10-09)
  • David Flin

Czech company CEZ has said that its plan to sell 800 MW of generation capacity to resolve European Union competition issues remains unchanged after a period of third-party comments on the plan.

UK risks generation shortage due to fall in spare capacity

  • 12 years ago (2012-10-07)
  • Junior Isles
UK energy regulator Ofgem has forecast that the UK will run the risk of electricity generation shortages in the winter of 2015-16, as spare capacity falls from 14 per cent to just 4 per cent due to earlier-than-expected closures of coal-fired power plants under the EU’s large combustion plant directive (LCPD).

Petron gets agreement from Philippines SEC to enter power generation

  • 12 years ago (2012-10-06)
  • David Flin

The Philippine oil company Petron Corporation has secured the approval of corporate regulators to change its articles of incorporation.

Sumitomo acquires 25 per cent stake in $2.3 billion US solar farm

  • 12 years ago (2012-10-04)
  • Junior Isles

Japan’s Sumitomo Corp. has spent $200 million to acquire a 25 per cent stake in Desert Sunlight Investment Holdings LLC, the operator of a $2.3 billion solar project in California, USA.

Iraq to invest $500 billion in energy

  • 12 years ago (2012-10-02)
  • David Flin

Iraq will invest around $500 billion in energy and linked industries by 2030, generating around $6 trillion in revenues, according to the country’s Deputy Prime Minister for Energy, Hussain al-Shahristani.

Indian nuclear up 23 per cent

  • 12 years ago (2012-10-01)
  • Junior Isles

Nuclear power generation in India increased by 23 per cent over the last year, according to R. K. Sinha, chairman of the Atomic Energy Commission (AEC). Additionally, the average annual operational availability of reactors went up from 83 to 91 per cent.

UK plans to construct 20 new gas-fired plants

  • 12 years ago (2012-09-30)
  • Junior Isles

British Energy and Climate Change Secretary Ed Davey has revealed that the UK is likely to build 20 new gas-fired power plants over the next few years, signalling that gas is to play a major role in the UK's energy mix for at least the next two decades.

GE announces new gas turbines designed to complement renewables

  • 12 years ago (2012-09-29)
  • Junior Isles

GE has announced a new line of gas-powered turbines specifically designed to be paired with renewable energy sources. The new FlexEfficiency 60 product line represents a new model for alternative-energy projects, with the company claiming it combines “record-breaking efficiency” and “flexibility” to cut carbon emissions and reduce costs compared to prior GE configurations.

Singapore electricity tariffs to drop 2.9 percent

  • 12 years ago (2012-09-29)
  • David Flin

Domestic electricity tariffs in Singapore will go down by 2.9 percent from October to the end of the year, a second successive quarterly decline.

UK’s nuclear direction to be decided by Horizon bid

  • 12 years ago (2012-09-25)
  • Junior Isles

The future direction of Britain’s new generation of nuclear plants is to be decided soon, with three consortium’s bids for the Horizon group entering the final stage.