Nguyen Tan Loc, Deputy General Director of Vietnam Electricity (EVN) has said that it will seek government approval for two more power price increases from now to the end of 2012, each of 5 percent.
The European Investment Bank (EIB) has announced that it will provide €130 million to the Electricity Authority of Cyprus for a new power unit to enhance electricity supply in that country.
North America accounts for approximately 22 per cent of the total installed wind energy generation capacity, but the number of installations will more than double during the next five years, according to a Pike Research report. Onshore installations are also likely account for up to 97 per cent of this total.
US Senator Jeff Bingaman has proposed the enactment of a ‘Clean Energy Standard’, which would reassure renewables investors, diversify US power generation and help to reduce carbon emissions.
Scotland’s Energy Minister Fergus Ewing has launched a draft Electricity Generation Policy Statement (EGPS), which sets out plans to build up renewable energy, with a target of achieving 100 percent of its electricity being delivered by renewable sources by 2020.
Ontario Power Generation (OPG) has signed a $600 million contract for the initial phase of the refurbishment of its Darlington nuclear power plant.
Intelligent Energy Ltd., a UK producer of hydrogen-based fuel cells, said growing demand in Asian for small-scale power generation has allowed it to raise $35 million to finance expansion.
Centrica Plc, the UK’s biggest residential gas supplier, may mothball a further three of its eight gas-fired power plants, after already announcing the closure of two.
According to an Ernst & Young survey, Spain, which was the top-ranked renewable energy market for investors five years ago, has dropped out of the top 10 after suspending subsidies for new generation.
Bangladesh has decided it will not commission any additional oil-based power plants, as fuel costs have increased to uneconomic levels. Instead it will focus on coal and renewable generation for the long term, Alamgir Kabir, Bangladesh Power Development Board Chairman ASM, has said.