Major UK energy company SSE has seen profits rise 2 per cent thanks to renewable generation profits offsetting falls in the retail division.
Nigeria’s Bureau for Public Enterprises (BPE) has said that the preferred bidders for the assets of the Power Holding Company of Nigeria (PHCN) will be announced in October, and that it hopes this privatisation will help to alleviate chronic electricity shortages.
German utility E.ON AG intends to permanently shut down three unprofitable gas-fired power plants in southern Germany, according to media sources.
Siemens has signed an agreement with Qatar University and Kahramaa, the local Qatari utility for electricity and water, to carry out joint efforts on research and development of energy-efficient systems and solutions to support the rapid development of Qatar’s infrastructure.
New coal-fired power plants with carbon capture and storage (CCS) technology are unlikely to be built in the US without federal subsidies –even with the new environmental regulations that support the technology, a Bloomberg Government report says.
Europe's economic slump has depressed overall emissions and the price of carbon in the EU ETS, allowing utilities to turn back to cheap, highly polluting coal-fired generation while still meeting their emissions targets, recent figures show.
Wisconsin Public Services Corporation (WPS) has announced that it plans to spend $250 million to upgrade a coal-fired boiler in Wausau so that it meets US Federal clean air rules.
India plans to construct 80 000 MW of generation capacity during its 12th Five Year Plan 2012-17, Power Minister Sushilkumar Shinde has said.
The Times of India has reported that a shortage of coal, combined with wet coal problems in 2011, will result in the Maharashtra State Electricity Distribution Company Limited (MSEDCL) putting up its electricity tariff to meet the increased cost of importing power.
South Korea has passed a law launching its emissions trading scheme (ETS) beginning in 2015, making the country the third in the Asia-Pacific region, and the first in Asia, to commit to a cap-and-trade scheme.