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Total Results : 228

FirstEnergy’s asset impairments lead to $6.2 billion loss

2017-02-22 04:43:15
David Flin

FirstEnergy, based in Ohio, USA, has announced that its decision to sell or close power plants that operate in competitive markets has forced it to impair a significant portion of its portfolio, and led to a $6.2 billion loss in 2016.

Libya connects eastern and western power networks

2017-02-13 04:14:03.295968
David Flin

The General Electric Company of Libya (GECOL) has announced that its maintenance teams have managed to restore the link between the eastern and western power networks after over two years of separation.

China’s state grid gains controlling interest in Brazil’s CPFL

2017-01-25 04:10:55.568512
David Flin

The State Grid Corporation of China, the world’s largest utility company, has announced that it has concluded a deal for a 54.64 per cent stake in Brazil’s largest power distributor CPFL Energia.

CET acquires land in Pakistan for power transmission project

2017-01-23 04:08:56.370917
David Flin

The Pakistan Government has passed ownership of two pieces of land, each measuring 175 acres, to the China Electric Power Equipment and Technology Company (CET), owned by the State Grid Corporation of China.

GE wins $1.4 billion in power generation orders from Iraq

2017-01-19 04:02:41
David Flin

GE has announced that it has secured over $1.4 billion in orders from Iraq’s Ministry of Electricity (MOE) to set up power plants and provide technology upgrades and maintenance services.

Iran approves $11.8 billion of foreign direct investment

2017-01-09 04:59:50
David Flin

Iran has approved the attraction of $11.8 billion in foreign direct investment (FDI) during 2017, according to a report recently published on the Iranian Government’s official website.