Alstom’s Chairman and CEO Patrick Kron has announced that Alstom has decided to place more emphasis on BRIC (Brazil, Russia, India, and China) countries and emerging markets, including East Asia, because of the higher growth they offer when compared with conventional markets such as the USA and Europe.
Iraq’s cabinet has approved deals with South Korea’s Hyundai Engineering Company and Greece’s Metka to build power plants in the southern oil hub of Basra.
Russian gas giant Gazprom, which has recently begun actively studying power generation markets in Europe, is also interested in being part of electricity generation and sales in Northeast Asian countries.
Kansai Electric Power Co (Kepco) has said that it plans to borrow $1.7 billion to pay the higher costs of thermal power generation, which has increased with the lack of availability of its nuclear plants pending Japan’s safety review.
China is to strengthen its emission standards for thermal power plants, a main source of pollution, as it strives to combat worsening environmental degradation.
The US Energy Information Administration (EIA) has released its report International Energy Outlook 2011 (IEO2011). The report presents projections for world energy markets through 2035.
The cost of nuclear generation in Japan, even taking into account the compensation related to the Fukushima Daiichi accident, remains likely to be less than using fossil fuels, according to a new study.
Japan’s plans for a rapid expansion of solar power is facing difficulties, with a lack of bank financing proving to be a problem.
India's nuclear power generation capacity is expected to reach 20 000 MW in around two decades, a top official at the Indira Gandhi Centre for Atomic Research (IGCAR) has said.
China's big five power generation companies: Datang Corpeoration, Guodian Corperation, Huadian Group, Huaneng Group and China Power Investment Corperation have suffered total losses of 18.09 billion yuan ($2.8 billion) from their thermal power generation businesses in the first seven months of the year, widening their losses by 11.3 billion yuan year-on-year, according to the China Electricity Council (CEC).