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Siemens bets over $1billion on continued gas turbine growth
- 2012-01-20 05:25:04
- David Flin
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.
Cold weather and plant outages push up Alberta power prices
- 2012-01-18 05:29:09
- David Flin
Power prices in the Canadian province of Alberta soared after two generation facilities tripped off-line during a severe cold spell.
Shale glut drives down power profit margins
- 2012-01-18 04:57:32
- David Flin
A shale-gas glut has driven down electricity prices for the US power industry by around 50 per cent since 2008 and reduced investment in costlier sources of energy, according to a research report by Aneesh Prabhu, a Credit Analyst with Standard & Poor’s Financial Services LLC.
Malaysia offers to sell electricity to Singapore
- 2012-01-06 06:33:35
- David Flin
Malaysia’s Prime Minister Datuk Seri Najib Abdul Razak said that Malaysia has offered to sell electricity to Singapore as the countries explore new opportunities for future collaborations.
SPX and Shanghai Electric to supply cooling equipment in China
- 2012-01-05 20:08:35
- Junior Isles
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.
US power companies win delay on air pollution legislation
- 2012-01-01 16:35:13
- Junior Isles
The US Environmental Protection Agency has been forced to delay its January 1, 2012 implementation of new rules on interstate air pollution after a federal court ruled in favour of electric power producers seeking to defeat the new regulations.
NTPC to supply 50 MW solar power from 2013
- 2011-12-30 03:51:55
- David Flin
India’s state-run National Thermal Power Corporation (NTPC) has signed an agreement with Madhya Pradesh Power Trading Company to supply electricity from a 50 MW solar plant, the biggest such unit in the country currently under implementation.
Wärtsilä wins Dominican plant contract
- 2011-12-27 19:18:06
- Junior Isles
Wärtsilä has been awarded a €150 million contract to supply a complete dual-fuel power plant to the Dominican Republic.
MidAmerican buys 49 percent stake in Agua Caliente
- 2011-12-21 08:18:40
- David Flin
MidAmerican Energy Holdings has announced that it will acquire a 49 percent stake in the 290 MW Agua Caliente solar photovoltaic (PV) project, located in Arizona, USA, from NRG Energy.
KESC to generate 1100 MW till March 2012
- 2011-12-16 05:50:43
- David Flin
Tabish Gohar, CEO of the Karachi Electric Supply Company (KESC) said that KESC would increase its generation capacity to around 1100 MW until March 2012 through the use of Thar coal.
