Russian stocks have taken a significant hit after President Putin declared that Medvedev’s plans for privatisation in the Russian energy sector are being cancelled, reigniting worries of infighting amongst Russia’s key politicians.
Swaziland Electricity Company has announced that it has instigated one hour load shedding blackouts on a rolling schedule.
Kenyan electricity generating company KenGen has said that it plans to raise funds from private investors for a $686 million gas-fired power plant to run on imported liquefied natural gas (LNG).
Major UK energy company SSE has seen profits rise 2 per cent thanks to renewable generation profits offsetting falls in the retail division.
Nigeria’s Bureau for Public Enterprises (BPE) has said that the preferred bidders for the assets of the Power Holding Company of Nigeria (PHCN) will be announced in October, and that it hopes this privatisation will help to alleviate chronic electricity shortages.
German utility E.ON AG intends to permanently shut down three unprofitable gas-fired power plants in southern Germany, according to media sources.
Siemens has signed an agreement with Qatar University and Kahramaa, the local Qatari utility for electricity and water, to carry out joint efforts on research and development of energy-efficient systems and solutions to support the rapid development of Qatar’s infrastructure.
New coal-fired power plants with carbon capture and storage (CCS) technology are unlikely to be built in the US without federal subsidies –even with the new environmental regulations that support the technology, a Bloomberg Government report says.
Europe's economic slump has depressed overall emissions and the price of carbon in the EU ETS, allowing utilities to turn back to cheap, highly polluting coal-fired generation while still meeting their emissions targets, recent figures show.
Wisconsin Public Services Corporation (WPS) has announced that it plans to spend $250 million to upgrade a coal-fired boiler in Wausau so that it meets US Federal clean air rules.