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Turkey in China talks for $10 billion power investment deal

  • 2014-05-05 16:06:51
  • Junior Isles
Turkey and China are involved in talks on a $10-12 billion investment deal for the Afsin-Elbistan coalfield and power plant project in southern Turkey, according to Turkish Energy Minister Taner Yildiz.

Siemens pursues Rolls-Royce power deal alongside Alstom

  • 2014-05-01 22:12:27
  • Junior Isles
Rolls-Royce has revealed that it is in discussions to sell its power generation assets to Siemens AG, further complicating the succession of asset sales prompted by the GE-Siemens tussle over Alstom.

GE-Siemens in Alstom bidding war

  • 2014-04-29 11:37:45
  • Junior Isles
The battle for the acquisition of Alstom SA has stepped up a gear with Munich’s Siemens AG planning a bid to counter General Electric’s attempt to buyout Alstom’s power business.

UK awards subsidy contracts to 4.5 GW of new renewables

  • 2014-04-24 15:11:28
  • Junior Isles
The UK government has awarded investment contracts to eight renewable energy projects, including five offshore wind farms and three biomass plants together worth £12 billion, under a new power subsidy regime.

Iran to start nuclear expansion this year

  • 2014-04-14 18:32:00
  • Junior Isles
Ali Akbar Salehi, head of the Iranian Atomic Energy Organization (AEOI), has said that Iran expects to begin construction of its second nuclear plant, using ‘local experts’, as early as this year.

Poland calls for stronger EU energy union

  • 2014-04-02 18:35:20
  • Junior Isles
Polish Prime Minister Donald Tusk has floated the idea of a new EU treaty, saying that the EU should cover up to 75 per cent of the cost of creating a more efficient, integrated gas network, including gas infrastructure, pipelines and interconnectors between member states.

Spain considering increasing gas-fired capacity payments

  • 2014-03-29 09:33:22
  • Junior Isles
Government insiders have revealed that Spain is considering increasing subsidy payments for under-used gas-fired power plants in order to pre-empt the potential closure of backup plants.

Tajikistan to step up hydro generation for regional export

  • 2014-03-27 23:30:20
  • Junior Isles
Tajikistan is aiming to increase power exports to neighbouring countries, including Pakistan, and hopes to achieve this by increasing its annual power generation by 40 per cent to 25 billion kWh in 2016, according to a Tajik government official.

SSE energy freeze to hit UK renewables projects

  • 2014-03-27 23:29:01
  • Junior Isles
UK energy giant SSE has announced huge cutbacks of its renewable generation plans across Scotland and England as a result of its energy price freeze, with millions of pounds worth of projects on hold or scrapped.

UK budget sees carbon price floor frozen

  • 2014-03-20 19:31:44
  • Junior Isles
The UK’s carbon price floor (CPF) has been frozen at 2015’s level of £18.08 per tonne as part of the government's annual budget, announced this week by Chancellor George Osborne.

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