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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.
Mitsui takes 30 per cent stake in Spanish solar firm
- 2010-11-06 17:51:45
- Junior Isles
Mitsui & Co. will participate in the solar power generation business in Spain by purchasing a 30 per cent stake in local solar power company Guzman Energia SL.
Reliance and Shanghai Electric deal is just the start
- 2010-11-02 20:56:45
- Junior Isles
Reliance Power’s $10 billion pact with Shangai Electric Group Co. for the supply of power generation equipment and related service contracts is the largest ever China-India power deal but could be only the beginning of similar deals by other Indian utilities.
Qatar to consider nuclear generation option
- 2010-10-19 12:40:33
- Junior Isles
Qatar may decide as early as next year on whether to develop nuclear power capabilities, as the gas rich Gulf Arab state looks to wean its dependency away from hydrocarbons.
EDF seeks to modify Constellation partnership
- 2010-10-15 14:46:16
- Junior Isles
French state-owned power company Electricite de France is ready to move forward alone if necessary to build a third nuclear reactor at Calvert Cliffs in Maryland, according to a company executive.
US renewables integration requires $50-100 billion in T&D; investment
- 2010-10-15 14:44:45
- Junior Isles
Johannes Pfeifenberger, principal and utility practice leader at The Brattle Group, has estimated that $50-100 billion in transmission investment will be needed in order to integrate renewable power onto the existing electricity grid.
