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Centrica cuts back on unprofitable UK gas-fired generation
- 2012-02-28 17:36:08
- Junior Isles
Centrica Plc, the UK’s biggest residential gas supplier, may mothball a further three of its eight gas-fired power plants, after already announcing the closure of two.
UK and France sign nuclear power accord
- 2012-02-17 15:29:10
- Junior Isles
UK Prime Minister David Cameron and French President Nicolas Sarkozy are to sign an accord on civilian nuclear cooperation in light of the British government’s plan to build a new generation of power stations.
German Consul advises Pakistan against nuclear
- 2012-02-10 13:59:12
- Junior Isles
Dr Tilo Klinner, German Consul General, has advised Pakistan to avoid seeking electricity generation from nuclear technology due to the security and environmental threats it poses.
Polish power plans “chaotic”
- 2012-02-10 13:57:56
- Junior Isles
Polish power firms are “planning new power plants in a chaotic manner” and “not all projects make sense”, according to Mikolaj Budzanowski, the country's treasury minister.
NRC gives green light to first new US nuclear plant in 30 years
- 2012-02-10 07:22:35
- David Flin
The US Nuclear Regulatory Commission (NRC) has voted to grant a licence for two new reactors at a site near Waynesboro, Georgia.
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.
Spain suspends power subsidies to reduce deficit
- 2012-01-28 16:35:21
- Junior Isles
The Spanish government has suspended subsidies for new renewable energy projects as part of its efforts toward a deficit reduction strategy.
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.
SPX and Shanghai Electric to supply cooling equipment in China
- 2012-01-05 20:08:35
- Junior Isles
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.
Gazprom and RWE project talks break down
- 2011-12-23 15:40:19
- Junior Isles
German utility RWE AG and Russian giant OAO Gazprom have ended talks aimed at creating a joint venture to build and operate power plants in Europe after failing to agree on a deal, Bloomberg reports.
