Russian energy giant Gazprom has said it will renegotiate its long term natural gas contracts, which have been undercut by spot market prices.
The Paris-based International Energy Agency (IEA) has called countries worldwide to boost clean energy development under international cooperation, in order to achieve lower emissions as pledged in the Copenhagen Accord.
Low-carbon power sources should account for around 60 per cent of European electricity production by 2030, says the industry association Eurelectric.
Toshiba Corp. announced it has agreed with US engineering service provider Shaw Group Inc. to jointly construct nuclear power plants outside Japan.
“China is responding to climate change on many fronts... [and] its efforts in developing green energy are noteworthy”, according to delegates attending the UN climate change conference in Cancun.
The Asian Development Bank (ADB) has said it will infuse 40 million dollars into two private equity funds that target promising green companies and projects in the region.
The Nigerian government has said the ongoing rehabilitation works on five power stations across the country will further increase power generation by May 2011. The government confirmed that the expected addition of 978 MW will put the total output at 3978 MW. The five power stations include Kainji, Geregu, Sapele, Delta and Egbin.
he Indian Nathpa-Jhakri hydropower project in Himachal Pradesh, the largest in the country, has achieved its power generation target despite closure of its plant for 22 days due to hostile weather, a company official has said.
Power generation is up significantly in Estonia this year after the closure of the Ignalina nuclear plant in Lithuania.
Chinese power generation volume rose 14.9 per cent year-on-year to 3.4 billion kW/h in the first 10 months of 2010, according to the National Development and Reform Commission. The growth rate was also up 11.7 percentage points year-on-year.