An independent panel has pledged to oversee a tough restructuring of Japan’s Tokyo Electric Power Co (TEPCO) to ensure that the utility will raise as much funds as possible to pay huge compensation claims.
The US Department of Energy (DOE) has announced almost $2 billion in conditional commitments for loan guarantees for two solar thermal projects.
American Electric Power (AEP) has said it plans to retire nearly 6000 MW of coal-fired power generation as part of its efforts to meet new regulations proposed by the US Environmental Protection Agency.
Officials in Pakistan’s Private Power Infrastructure Board has said that investment in electricity generation has been stifled by banks’ reluctance to provide finance because of the persistent circular debt.
Turkey’s MetCap Energy Investments planning to build an integrated combined solar-natural gas plant, based on GE’s latest combined cycle technology.
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.