Toshiba, Shaw and Exelon have signed a deal with Saudi Arabia to pursue several nuclear power contracts in Saudi Arabia.
Enel, Italy’s largest utility, has said that it has not yet reached a decision on selling its 73 per cent stake in Bulgaria’s Maritsa East Three coal-fired power plant.
The Vietnam Energy Association has said that the country’s power sector needs to charge consumers more and to rethink its pricing mechanisms in order to attract necessary investment. It estimates that the power sector needs an additional $80 billion of capital investment over the period 2010-15.
The World Bank has forecast further rises in the power tariff in Pakistan to bridge the gap between the cost of producing electricity and the revenue earned from consumers.
Generators at three power plants on Hawaii tripped off-line, triggering the power outage that affected about 63,000 customers on the island, according to a news release from the Hawaii Electric Light Co (HELCO).
Nigeria is working at delivering a full-fledged private power sector by June 2011. The policy shift appears to be a key deliverable that the present government wants to have in place before the next election.
The Chandrapur Thermal Power Station in Maharashtra, India, is being put back into significant service following its partial shutdown due to water shortages earlier in the year.
The Middle East’s electricity providers have been urged to introduce variable tariff schemes that charge consumers more for usage during peak hours in an effort to ease demand.
The Kentucky Public Service Commission in the USA has approved an electricity rate settlement that will result in a 17 per cent rate rise for typical residential electricity customers of Kentucky Power Company.