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GE reaches MoU for $10 billion investment in Nigeria
- 2012-03-27 13:13:15
- Junior Isles
General Electric has agreed a memorandum of understanding with Nigeria for $10 billion of investment in new power plants, in which it will have a 10-15 per cent equity stake, a Nigerian power ministry spokesman has said.
Philippine Government urged to nationalise power barges
- 2012-03-24 06:12:47
- David Flin
Teddy Casiño, Representative for the Philippine district of Bayan Muna, has proposed that the government take over privatised power barges in Mindanao as an immediate step to address the reported power crisis in the island.
Morocco plans significant generation development
- 2012-03-20 18:51:27
- Junior Isles
Robust growth of electricity demand in Morocco has highlighted the need for significant expansion of generation and transmission capacity in the country.
CLP and China Southern negotiate to acquire stake in Hong Kong power provider
- 2012-03-17 13:20:47
- Junior Isles
Chinese regional power utilities, CLP Holdings and China Southern Power Grid Co, are to pay around $2.8 billion for a 60 per cent stake in Hong Kong power provider Castle Peak Power Co Ltd, currently held by ExxonMobil.
China resumes nuclear development one year on from Fukushima
- 2012-03-15 13:24:06
- Junior Isles
China is set to resume construction of 43 new nuclear power plants one year on from Japan’s Fukushima disaster.
Coal’s share of US generation hits rock bottom
- 2012-03-14 14:52:46
- Junior Isles
Coal’s share of US power generation has fallen to an almost 35-year low, as power generators shift to cheaper natural gas.
EVN wants more power price increases
- 2012-03-14 05:35:50
- David Flin
Nguyen Tan Loc, Deputy General Director of Vietnam Electricity (EVN) has said that it will seek government approval for two more power price increases from now to the end of 2012, each of 5 percent.
US ‘Clean Energy Standard’ proposed by Senator
- 2012-03-06 20:12:21
- Junior Isles
US Senator Jeff Bingaman has proposed the enactment of a ‘Clean Energy Standard’, which would reassure renewables investors, diversify US power generation and help to reduce carbon emissions.
Asian demand for efficiency drives fuel cell expansion
- 2012-03-01 13:20:13
- Junior Isles
Intelligent Energy Ltd., a UK producer of hydrogen-based fuel cells, said growing demand in Asian for small-scale power generation has allowed it to raise $35 million to finance expansion.
Centrica cuts back on unprofitable UK gas-fired generation
- 2012-02-28 17:36:08
- Junior Isles
Centrica Plc, the UK’s biggest residential gas supplier, may mothball a further three of its eight gas-fired power plants, after already announcing the closure of two.
