Tokyo Electric Power Co. (TEPCO) is seeking alternative electricity supplies following the closure of the last of its 17 nuclear reactors.
General Electric has agreed a memorandum of understanding with Nigeria for $10 billion of investment in new power plants, in which it will have a 10-15 per cent equity stake, a Nigerian power ministry spokesman has said.
Teddy Casiño, Representative for the Philippine district of Bayan Muna, has proposed that the government take over privatised power barges in Mindanao as an immediate step to address the reported power crisis in the island.
Beijing is considering ways of injecting funds into the country's weakened power generation sector, executives at China's largest independent power producer, Huaneng Power International, have said.
India’s Power Ministry has said that it is likely to place its proposal to levy 19 percent duty on imported electricity equipment for large power projects before the Cabinet.
Robust growth of electricity demand in Morocco has highlighted the need for significant expansion of generation and transmission capacity in the country.
Chinese regional power utilities, CLP Holdings and China Southern Power Grid Co, are to pay around $2.8 billion for a 60 per cent stake in Hong Kong power provider Castle Peak Power Co Ltd, currently held by ExxonMobil.
Mozambique’s Hydro Caharo Bassa (HCB) has cut off electricity supplies to Zimbabwe over an outstanding $80 million debt. The move has forced Zimbabwe to intensify load shedding.
China is set to resume construction of 43 new nuclear power plants one year on from Japan’s Fukushima disaster.
Coal’s share of US power generation has fallen to an almost 35-year low, as power generators shift to cheaper natural gas.