US power producers increased their natural gas use by 40 per cent year on year to March 2012, as low prices spur a switch from coal, whose share fell 20 per cent, an EIA report has said.
Akhilesh Yadav, Chief Minister for the Indian state of Uttar Pradesh, has announced a provision of $1.4 billion in the budget for the state power sector.
German solar power plants produced an unprecedented 22 GW of electricity through the midday hours of Friday 25th and Saturday 26th of May, equivalent to 20 nuclear power stations running at full capacity, Norbert Allnoch, director of the Institute of the Renewable Energy Industry in Muenster has said.
Analysis by Bloomberg New Energy Finance (BNEF) estimates that the world’s first carbon capture and storage (CCS) unit will start operation in the US in 2013.
The New Zealand Government has announced that it will invest $4.6 billion over the next 10 years in upgrading the national electricity grid.
Western Japan is to experience above average temperatures from June to August, again renewing the potential for power shortages as demand rises while nuclear power plants stay idle.
President Putin of Russia has announced that the Russian Government has placed majority stocks of Federal Grid FSK and power distributor MRSK Holding on a list of assets that cannot be sold to private owners, making it unlikely that they will be part of the government’s privatisation drive in the near term.
Russian stocks have taken a significant hit after President Putin declared that Medvedev’s plans for privatisation in the Russian energy sector are being cancelled, reigniting worries of infighting amongst Russia’s key politicians.
Swaziland Electricity Company has announced that it has instigated one hour load shedding blackouts on a rolling schedule.
Kenyan electricity generating company KenGen has said that it plans to raise funds from private investors for a $686 million gas-fired power plant to run on imported liquefied natural gas (LNG).