UK’s Energy Secretary Chris Huhne said in an interview yesterday that he favours harnessing both offshore and onshore wind power, and that the UK will not subsidise a new generation of nuclear power stations.
Korea Electric Power Corporation (KEPCO), South Korea’s state-run power company, said that it will buy a 20 per cent stake in PT Bayan Resources, Indonesia’s eighth-largest coal producer by output, for $515 million.
Toshiba, Shaw and Exelon have signed a deal with Saudi Arabia to pursue several nuclear power contracts in Saudi Arabia.
The UK Government has announced a drop of nearly 7 per cent in the share of electricity generated from renewable sources. Despite a year-on-year increase of nearly a third of onshore wind power generation, the total amount supplied in the first quarter of 2010 as part of all sources fell by 6.6 per cent.
The Swedish parliament has voted by the narrow margin of 174-172 to overturn a 30-year-old ban on the construction of new nuclear reactors and to allow the replacement of the country’s existing fleet of 10 reactors.
The International Energy Agency (IEA) has published a report that claims that almost one quarter of global electricity could be generated from nuclear power by 2050.
China Huaneng Group, one of China’s five power giants, has announced that it will undertake a nuclear power project in Heilongjiang.
Vuong Huu Tan, Director of the Vietnam Energy Institute, said that Russia has been chosen as the foreign partner in Vietnam’s first nuclear power plant project in Ninh Thuan province.
According to a report published by the consultancy Cambridge Econometrics, the UK will miss the European Union target set for 2020 by almost 10 per cent.
The South African power utility Eskom should be broken up, according to Ian McRae, a former Chief Executive from 1985-1994 of Eskom.