Gazprom has signed a deal with Renova Group to merge assets and create a state-controlled national power utility, part of plans partially reversing the recent privatisation of the Russian power industry.
Analysis from Frost & Sullivan's Annual Global Power Generation Forecasts 2011, shows that electricity generation will expand at a growth rate of 2.7 per cent through 2020, with the growth rate declining to 1.8 per cent per annum over the subsequent decade, as growth rate in the emerging markets becomes less pronounced and energy-efficiency measures begin to have a significant impact.
Vietnam’s state-run Petrovietnam has awarded two contracts worth a combined $1.2 billion to two subsidiaries to build a 1200 MW coal-fired power plant.
The state of Gujarat, India, has experienced an unprecedented 545 per cent growth in wind power generation capacity between 2006 and 2011, moving from a mere 338 MW to 2175.5 MW in half a decade. The state currently produces around 15 per cent of the total wind power generation in India.
US Energy Secretary Steven Chu has announced offers of conditional commitments for loan guarantees of $4.5 billion to support three AC Cadmium Telluride (Cd-Te) thin film PV solar generation facilities to be located in California.
Heavy energy using Japanese companies are changing working hours and shifting production to weekends to save energy as the country’s first mandatory power-saving drive since the 1970s starts.
The Saudi Arabian government has announced that it has signed a nuclear energy cooperation deal with Argentina.
Ghana is to increase power generation from the current 3000 MW to 5000 MW by 2015 in order to become a net exporter of power.
China's five largest state-owned power generating groups have continued to rack up losses in their thermal power generation businesses, despite the Chinese government raising power prices in April, the China Electricity Council (CEC), an industry group that represents power generators and distributors, said.
Janusz Lewandowski from Poland, the EU Budget Commissioner, has said that he has major doubts over the existence of global warming, and this looks to be certain to affect the drafting of EU policy over the years 2014-2020.