Gazprom has signed a deal with Renova Group to merge assets and create a state-controlled national power utility, part of plans partially reversing the recent privatisation of the Russian power industry.
Analysis from Frost & Sullivan's Annual Global Power Generation Forecasts 2011, shows that electricity generation will expand at a growth rate of 2.7 per cent through 2020, with the growth rate declining to 1.8 per cent per annum over the subsequent decade, as growth rate in the emerging markets becomes less pronounced and energy-efficiency measures begin to have a significant impact.
Janusz Lewandowski from Poland, the EU Budget Commissioner, has said that he has major doubts over the existence of global warming, and this looks to be certain to affect the drafting of EU policy over the years 2014-2020.
Russia's Gazprom will attempt to gain entry into European generation markets after Germany's recent decision to phase out nuclear power, its export chief said.
Overall power generation in developed nations rose 3.7 per cent last year, according to an International Energy Agency (IEA) report. This largely made up for the 3.8 per cent decrease in 2009, as power demand recovered from the global recession.
The International Energy Agency (IEA) has forewarned that the global consequences of abandoning nuclear power would be greater costs, emissions and power uncertainty.
Turkey’s MetCap Energy Investments planning to build an integrated combined solar-natural gas plant, based on GE’s latest combined cycle technology.
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.