Tokyo Electric Power Co.'s (Tepco) decision to scrap reactors 1-4 at the crippled nuclear power station in Fukushima Prefecture means the power utility will possibly have to shoulder a colossal 400 billion yen ($4.76 billion) to decommission the reactors, and several trillion yen in compensation.
Utilising what is being termed 'fourth-generation technology', construction on the “world’s first high-temperature, gas-cooled reactor” will start next month in the coastal Chinese city of Rongcheng in Shandong Province, according to Cui Shaozhang, deputy manager at Huaneng Nuclear Power Development Co (HNPD).
Bangladeshi Prime Minister Sheikh Hasina has said her government has been making relentless efforts to increase the country's electricity generation, aimed at encouraging foreign investors and resolving its perpetual power crisis.
The State Duma lower house of the Russian parliament believes that the damage at the Japanese nuclear power plants caused by the devastating earthquake on March 11, will not have a negative influence on the development of world nuclear power generation, it has been reported.
Florida Power & Light (FPL) Company has announced that it has created what it claims to be the “world’s first hybrid solar energy centre”. The plant, the FPL Martin Next Generation Solar Facility, sits on 500 acres of Western Martin County in Florida and has a field of over 190 000 solar thermal mirrors.
The UK is ready to boost payments to factories, offices and supermarkets that reduce energy use, as rising demand drives up prices and the companies turn to cleaner but less-reliable power.
Siemens AG, which recently won orders exceeding $1 billion in Saudi Arabia, is eyeing the kingdom for power-generation projects as population growth spurs electricity demand, an executive said.
The chief executive of power generator NRG Energy Inc., David Crane, expects the demand for large solar projects to wane in the next few years, but this is not stopping his company from investing in it before the market gives way to smaller scale power generation.
Mitsubishi Corporation has acquired a 15 per cent share in four Concentrating Solar Power (CSP) generation plants in Spain.
Solar Guide, a free online resource for homeowners and engineers regarding solar-related issues, has found the average price of a domestic solar PV installation in the UK to be less than £12 000.