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Australian infrastructure in need of expensive overhaul
- 2010-12-16 19:21:24
- Junior Isles
Australia needs to spend up to $130 billion on new power generation and upgrades to its grid to comply with new climate change policies.
Microgrid systems to gross $1.7 billion by 2016, says report
- 2010-12-16 19:19:42
- Junior Isles
Microgrids are set to gross $1.7 billion by 2016, according to a new report on the sector by Pike Research. Microgrids use smart grid technology to control distributed power generation and energy storage on smaller localised grids, separate from the utility power grid.
Cancun agreements mark limited climate progress
- 2010-12-15 18:30:40
- Junior Isles
The international climate conference in Cancún, which concluded this week, has resulted in several important agreements being finalised. Plans to launch a $100 billion Green Climate Fund to finance mitigation and adaptation in developing countries were completed. A framework for monitoring, reporting and verifying (MRV) emission reductions, and on principles for reducing emissions from deforestation and forest degradation (REDD) were other notable success.
Toshiba joins with Shaw to build nuclear plants outside Japan
- 2010-12-06 10:16:17
- Junior Isles
Toshiba Corp. announced it has agreed with US engineering service provider Shaw Group Inc. to jointly construct nuclear power plants outside Japan.
China’s green energy push praised at Cancun
- 2010-12-03 10:15:38
- Junior Isles
“China is responding to climate change on many fronts... [and] its efforts in developing green energy are noteworthy”, according to delegates attending the UN climate change conference in Cancun.
Nigeria increases electricity output but still "much to be done"
- 2010-11-30 18:25:02
- Junior Isles
The Nigerian government has said the ongoing rehabilitation works on five power stations across the country will further increase power generation by May 2011. The government confirmed that the expected addition of 978 MW will put the total output at 3978 MW. The five power stations include Kainji, Geregu, Sapele, Delta and Egbin.
Chinese generation rises year-on-year
- 2010-11-27 02:47:27
- Junior Isles
Chinese power generation volume rose 14.9 per cent year-on-year to 3.4 billion kW/h in the first 10 months of 2010, according to the National Development and Reform Commission. The growth rate was also up 11.7 percentage points year-on-year.
Weir’s shares rise after American Hydro acquisition
- 2010-11-22 17:18:11
- Junior Isles
Shares in Weir Group recently surged to a record high as the Glasgow-based engineering company announced the acquisition of American Hydro Corporation, which makes turbine components for hydro power generation.
AES to spend $15 billion on Indian power sector
- 2010-11-14 16:46:13
- Junior Isles
US power producer AES Corp. plans to spend as much as $15 billion to increase capacity in India. The Arlington, Virginia based company has operations in 29 countries and hopes to earn 10 per cent of its revenue from its Indian projects in five years.
Reliance agrees to $2.2 bn deal with GE
- 2010-11-09 21:34:48
- Junior Isles
India’s Reliance Power has agreed a $2.2 bn deal with General Electric after securing a $5bn loan from the US Export-Import bank for buying US goods and services over the next three years.
