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AES to spend $15 billion on Indian power sector

  • 14 years ago (2010-11-14)
  • Junior Isles

US power producer AES Corp. plans to spend as much as $15 billion to increase capacity in India. The Arlington, Virginia based company has operations in 29 countries and hopes to earn 10 per cent of its revenue from its Indian projects in five years.

Dubai encourages private sector power projects

  • 14 years ago (2010-11-12)
  • Junior Isles

The Dubai government is to allow the private sector’s role in power generation to rise to 49 per cent by 2030, as part of a strategy to diversify the emirate’s utility sector, according to Vice-Chairman of the Supreme Council of Energy, Saeed Mohammad Al Tayer.

Reliance agrees to $2.2 bn deal with GE

  • 14 years ago (2010-11-09)
  • Junior Isles

India’s Reliance Power has agreed a $2.2 bn deal with General Electric after securing a $5bn loan from the US Export-Import bank for buying US goods and services over the next three years.

Mitsui takes 30 per cent stake in Spanish solar firm

  • 14 years ago (2010-11-06)
  • Junior Isles

Mitsui & Co. will participate in the solar power generation business in Spain by purchasing a 30 per cent stake in local solar power company Guzman Energia SL.

Mobil gets generation boost from new Nigerian gas

  • 14 years ago (2010-11-04)
  • Junior Isles

The Nigerian Government’s plans to increase domestic power generation capacity, currently about 3000 MW, look more realistic after Mobil Producing Nigeria Unlimited (MPN), a subsidiary of Exxon Mobil Corporation, announced the discovery of a rich gas condensate, off the shore of Akwa Ibom State.

German Solar power may be cheaper than fossil fuels in 5 years

  • 14 years ago (2010-11-04)
  • Junior Isles

A study by A.T. Kearney Inc. shows electricity from solar panels in Germany may be as cheap as power from new gas and coal plants within as little as five to eight years.

Reliance and Shanghai Electric deal is just the start

  • 14 years ago (2010-11-02)
  • Junior Isles

Reliance Power’s $10 billion pact with Shangai Electric Group Co. for the supply of power generation equipment and related service contracts is the largest ever China-India power deal but could be only the beginning of similar deals by other Indian utilities.

Ateşçelik plans factory to harness Turkey’s wind power potential

  • 14 years ago (2010-10-25)
  • Junior Isles

Turkish company Ateşçelik, which produces a number of devices for power plants and other industrial equipment, is investing 30 million Turkish Liras in the production of wind turbine towers inthe western province of İzmir.

Alstom wins contract for 800 MW Singapore power plant

  • 14 years ago (2010-10-23)
  • Junior Isles

Alstom has been selected by Keppel Merlimau Cogen Pte Ltd (KMC) to build and maintain a new 800 MW power plant in Singapore.

AEP to close 5000 MW of coal-fired generation

  • 14 years ago (2010-10-21)
  • Junior Isles

American Electric Power Co. (AEP) is reviewing options to shut down more than 5000 MW of coal power, but how soon they close will depend on regulations, a company executive has said.