Foster Wheeler has announced that a subsidiary of its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) contract by 2Co Power (Yorkshire) Limited (2Co) for the Don Valley Power Project in Stainforth, Yorkshire, UK.
The Desertec Foundation has announced that it will construct a 2000 MW concentrating solar power (CSP) plant in Tunisia, to export electricity 600 km through a new submarine transmission line to Italy.
US coal giant Peabody Energy has hired UBS to assist in finding a buyer for its Australian Wilkie Creek coal mine, a move likely to kindle interest from several Asian nations, vying to secure coal supply for their growing fleet of power plants.
Siemens AG has earmarked over €1 billion ($1.3 billion) to expand its production of gas turbines and fend off GE as they compete for larger shares of the expanding gas turbine market.
Shares in industrial alkaline fuel cell maker AFC Energy have risen on the company’s announcement that it has started electrical power generation at AkzoNobel's Bitterfield plant in Germany.
The global carbon market value rose 4 per cent in 2011, despite the largest market, Europe, experiencing a price slump, according to analysis by Thomson Reuters Point Carbon.
According to the Tehran Times, Homayoun Haeri, Managing Director of Iran Power Generation, Transmission and Distribution Management Company (TAVANIR), said that Iran plans to connect its national power grid to Russia by March 2013.
Pakistani Federal Minister for Water and Power, Syed Naveed Qamar has said that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified in order for investors to reach the target.
The UK government's planned changes to solar power subsidies may deal the industry a "fatal blow", two separate parliamentary committees have warned.
German utility RWE AG and Russian giant OAO Gazprom have ended talks aimed at creating a joint venture to build and operate power plants in Europe after failing to agree on a deal, Bloomberg reports.