Power prices in the Canadian province of Alberta soared after two generation facilities tripped off-line during a severe cold spell.
A shale-gas glut has driven down electricity prices for the US power industry by around 50 per cent since 2008 and reduced investment in costlier sources of energy, according to a research report by Aneesh Prabhu, a Credit Analyst with Standard & Poor’s Financial Services LLC.
Shares in industrial alkaline fuel cell maker AFC Energy have risen on the company’s announcement that it has started electrical power generation at AkzoNobel's Bitterfield plant in Germany.
The global carbon market value rose 4 per cent in 2011, despite the largest market, Europe, experiencing a price slump, according to analysis by Thomson Reuters Point Carbon.
Major Indian infrastructure firm GVK Group will invest Rs 40 000 crore in order to add 6800 MW of generation to its existing capacity, according to a top executive of GVK Power.
According to the Tehran Times, Homayoun Haeri, Managing Director of Iran Power Generation, Transmission and Distribution Management Company (TAVANIR), said that Iran plans to connect its national power grid to Russia by March 2013.
India’s Andhra Pradesh Power Generation Corporation (APGenco) has announced that it is planning to add 3210 MW to its total capacity over the next 2 years.
Malaysia’s Prime Minister Datuk Seri Najib Abdul Razak said that Malaysia has offered to sell electricity to Singapore as the countries explore new opportunities for future collaborations.
Pakistani Federal Minister for Water and Power, Syed Naveed Qamar has said that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified in order for investors to reach the target.
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.