The Manila Electric Company (Meralco) of the Philippines has announced increases in power rates.
Saudi Arabian company ACWA Power International has announced that it has entered into a binding agreement with Jordan Dubai Capital to acquire a controlling stake in Jordan’s Central Electricity Generation Company (CEGCO), valued at around $144 million.
The share prices of European renewables companies surged after German Chancellor Angela Merkel announced the country will double its 2020 renewables target and close its 17 nuclear power plants by 2022.
Cyprus could become a key geo-political and geo-strategic player in the Mediterranean region, offering new oil and gas supply routes to Europe, according to Antonis Pascalides, Cyprus Commerce Minister.
Turkey is to privatise its electricity generation plants, following the success of its similar action to privatise its electricity distribution grid. The only exceptions to this are some strategic dams such as Atatürk, Karakaya and Keban which are built on international waters.
Qatar has formally dedicated the Ras Qartas Energy Plant, the biggest gas fired power plant in the country and the region.
GE has announced what it is calling a “first-of-its-kind power plant” engineered to deliver an unprecedented combination of flexibility and efficiency. The ‘FlexEfficiency 50’ combined cycle power plant is rated at 510 MW and is said to offer fuel efficiency greater than 61 per cent.
On May 25, the Swiss Government decided that it would phase out nuclear power, and seek alternative energy sources.
India currently has 80 000 MW of thermal generation under construction, with commissioning scheduled for 2017, according to government sources. But there have been warnings that coal linkages for half of the plants have yet to be obtained.