The Indian Oil Corporation (IOC) is looking to diversify into the renewable and nuclear energy sectors, and has earmarked $430 million for investment over the next five years.
According to data from the National Bureau of Statistics (NBS), China’s power generation increased in July by 11.5 per cent from the equivalent figure a year earlier, reaching a record 377.64 TWh, as demand peaked amid scorching temperatures in many parts of the country.
According to the American Chamber of Commerce in Ireland, plans to introduce an additional levy to electricity bills will reduce Ireland’s competitiveness. The Irish government and the energy regulator defended the decision to introduce the levy, which could lead to a rise of up to 5 per cent in electricity prices.
Germany’s Federal Cabinet has adopted a national renewable energy action plan presented by the country’s Environment Minister, Norbert Röttgen.
The UK Energy and Climate Change Secretary Chris Huhne presented the UK’s first ever Annual Energy Statement to Parliament on 28 July, in which he outlined a 32-point action plan for the next 40 years.
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.
Generators at three power plants on Hawaii tripped off-line, triggering the power outage that affected about 63,000 customers on the island, according to a news release from the Hawaii Electric Light Co (HELCO).
The Kentucky Public Service Commission in the USA has approved an electricity rate settlement that will result in a 17 per cent rate rise for typical residential electricity customers of Kentucky Power Company.
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.
Major UK wind energy producers will receive Government-backed incentives to shut down production at wind farms during strong wind gusts at periods of low power demand.