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US to explore Tanzanian investment opportunities
- 2012-02-05 21:14:19
- Junior Isles
On 8th February, executives of several leading US energy companies will travel to Tanzania for a two day visit in order to “explore opportunities for investing in power -generation and fuel -supply projects”, a State Department official has said.
Japanese government considers promoting renewables construction
- 2012-02-05 15:46:49
- Junior Isles
The Japanese government is considering relaxing regulations on building renewable energy facilities, such as solar plants, in order to promote their construction, according to government sources.
EU to fund study on Caribbean geothermal link
- 2012-02-03 06:09:42
- David Flin
The European Investment Bank (EIB) has agreed to provide a €1.1 million grant to enhance planning and study the feasibility of exporting geothermal electricity from Dominica to Martinique and Guadeloupe in the Caribbean.
Competition hots up for Australian coal
- 2012-01-26 22:43:52
- Junior Isles
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.
Saudi Arabia leads Middle East rental demand
- 2012-01-26 22:40:35
- Junior Isles
Saudi Arabia leads the Middle East in demand for rental power generators, according to Shrikant Pataskar, the general manager of the Dubai branch of Kirloskar. He also predicted a 20 per cent growth for the industry in 2012 with much of this coming from Saudi customers.
California ISO plans more wind and solar in grid operation
- 2012-01-25 05:32:16
- David Flin
The California Independent System Operator (ISO) has released a new five-year strategic plan, which includes adapting operations to an estimated four-fold increase in wind and solar generation within its transmission grid, as well as an increase in electric vehicle charging.
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.
