GE has announced that it intends to reorganise GE Power into two businesses, GE Gas Power, comprised of Gas Power Systems and Power Services, and GE Power Portfolio, comprised of the Steam, Grid Solutions, Nuclear, and Power Conversion businesses.
The European General Court has suspended the UK’s subsidy scheme for back-up electricity generation, stating that the payments system should be subject to a state aid investigation.
The MENA Power Industry Outlook 2019, a report prepared by Ventures Onsite, says that the GCC region is expected to require power infrastructure investment totalling $109 billion over the next five years.
The European Investment Bank (EIB) has signed a €100 million financing agreement with TenneT for the construction of an electricity link between Norway and Germany.
ACWA Power, a developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corporation Limited (Energy China) during a ceremony in Dubai.
Half of Pakistan had an eight-hour power outage on 16 May, following a major power breakdown in the country’s transmission system, leaving the Punjab, Khyber Pakhtunkhwa, Azad Jammu and Kashmir without power.
Nicholas Akins, Chairman, President and CEO of AEP of Ohio, USA, said that the company would invest $17.7 billion over the next three years into strengthening its grid network.
A power line failure in southern Puerto Rico cut electricity to almost all of the island on 18 April.
The Arab Petroleum Investment Corporation (APICORP) has produced a report stating that Middle Eastern and North African countries will need to invest $260 billion on increasing electricity production over the next five years to meet rising demand.
Brune Poirson, the French Ecology Minister, called at a conference in Brussels for a price floor of €25-30 per ton of CO2 in power generation to help accelerate the shift from coal to gas and renewables.