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Alstom to change emphasis
- 2011-10-12 05:56:55
- David Flin
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.
Hyundai and Metka win Iraq power plant deals
- 2011-09-30 06:14:32
- David Flin
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.
Gazprom looks to northern Asia to complement European expansion
- 2011-09-28 19:53:33
- Junior Isles
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.
Kepco needs $1.7 billion loan
- 2011-09-28 05:46:14
- David Flin
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 proposes stronger emissions standards for thermal power
- 2011-09-23 17:28:49
- Junior Isles
China is to strengthen its emission standards for thermal power plants, a main source of pollution, as it strives to combat worsening environmental degradation.
EIA predicts world energy use to increase 53 percent by 2035
- 2011-09-21 05:45:41
- David Flin
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.
Japanese nuclear still competitive after compensation payouts, study shows
- 2011-09-03 19:04:37
- Junior Isles
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 solar growth depends on banks ending loan drought
- 2011-08-26 06:43:47
- David Flin
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 to reach 20 000 MW of nuclear generation in 20 years
- 2011-08-22 23:30:55
- Junior Isles
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 suffer significant losses
- 2011-08-22 23:15:23
- Junior Isles
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).
