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Utilities Electric Utilities

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns. In November 2009 Vietnam approved plans for the two plants and awarded construction to Russia's Rosatom and a consortium of...

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, parliament delegates said, after government officials cited lower demand forecasts, rising costs and safety concerns. The parliament vote was taken in a closed session after delegates discussed a...

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, parliament delegates said, after government officials cited lower demand forecasts, rising costs and safety concerns. The parliament vote was taken in a closed session after delegates discussed a...

  • *Rise in Niger Delta attacks curbs gas supplies. LAGOS/ LONDON, Nov 21- Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic electricity shortages and reform an economy in recession. Buhari won last year's presidential election with pledges to increase power...

  • SHANGHAI, Nov 22- China may name the first of its state-owned enterprises to be restructured under a mixed-ownership system by the year-end, the business paper China Securities Journal reported on Tuesday, citing unnamed sources. The commission had previously made clear that China Eastern Airlines Group, Unicom Group, China Southern Power Grid, Harbin...

  • *Magnitude 7.4 quake strikes near Japan coast early Tuesday. *Japan Meteorological Agency warns of tsunami up to 3 metres. TOKYO, Nov 22- A powerful earthquake rocked northern Japan on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a tsunami that hit the same region devastated by a massive quake, tsunami and nuclear disaster in...

  • *Magnitude 7.4 quake strikes near Japan coast early Tuesday. *Japan Meteorological Agency warns of tsunami up to 3 metres. TOKYO, Nov 22- A powerful earthquake rocked northern Japan on Tuesday, the Japan Meteorological Agency said, generating a tsunami that hit the same region devastated by a massive quake, tsunami and nuclear disaster in 2011..

  • Rise in Niger Delta attacks curbs gas supplies. LAGOS/ LONDON, Nov 21- Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic electricity shortages and reform an economy in recession. Buhari won last year's presidential election with pledges to increase power...

  • With narrow straits straddling the Indian and Pacific oceans, Indonesia has significant tidal power potential, and PT Arus Indonesia Raya and OpenHydro plan to build the country's first such project. "This project is important for Indonesia and the world so we can stop burning coal," AIR president director Panji Adhikumoro Soeharto told Reuters.

  • LONDON, Nov 18- Britain should phase out a carbon emissions tax levied on power producers by the mid 2020 s, cutting household electricity bills by around 7 percent, an influential think tank on UK government policy said in a report on Friday. The report comes ahead of next week's Autumn Statement on the UK budget by Chancellor Philip Hammond, in which he is expected...

  • SOFIA, Nov 17- Bulgarian prosecutors charged former economy and energy minister Rumen Ovcharov on Thursday with mismanagement that led to state losses of more than 190 million euros related to a canceled nuclear power project with Russia's Atomstroyexport. Bulgaria canceled the 10- billion-euro Belene project on the Danube River in 2012 after failing to...

  • The Balkan country cancelled the 10- billion-euro Belene project on the Danube River in 2012 after failing to find foreign investors and under pressure from Brussels and Washington to limit the country's energy dependence on Russia.

  • MARRAKESH/ FRANKFURT, Nov 16- Renewable energy will keep growing in the next few years as costs drop and coal use continues to fall, despite U.S. President-elect Donald Trump's pledge to revive the fossil fuel, investors and analysts said. "It is important to remember that not all renewable energy companies are exposed to the U.S. market and there are still...

  • COPENHAGEN, Nov 16- From a helicopter, it looks like just another North Sea oil rig, a grey cube supported by massive yellow pillars, 90 kilometers off western Denmark. "There's a lot of new-generation technology in the offshore wind industry, but when I'm out there, I still know the nuts and bolts," said Anders Noer Christensen, a former superintendent engineer on oil...

  • LONDON, Nov 14- President Barack Obama's administration has been blamed for the closure of a record number of coal-fired power plants across and heavy job losses in the mining industry. Since the current administration began in January 2009, more than 400 coal-fired power units have closed across the United States and around 33,000 coal-mining jobs have...

  • LONDON, Nov 10- Donald Trump's election has thrown an apparent lifeline to beleaguered coal producers but he may not be able to do much to revive the fortunes of the industry. The U.S. coal industry has been a victim of the shale revolution and the enormous quantities of cheap gas that have been unleashed by hydraulic fracturing and horizontal drilling.

  • LONDON, Nov 10- Donald Trump's election has thrown an apparent lifeline to beleaguered coal producers but he may not be able to do much to revive the fortunes of the industry. The U.S. coal industry has been a victim of the shale revolution and the enormous quantities of cheap gas that have been unleashed by hydraulic fracturing and horizontal drilling.

  • COPENHAGEN/ FRANKFURT, Nov 9- European renewable stocks fell sharply on Wednesday after Donald Trump won the U.S. presidential election, hit by concerns that his plans to promote coal and other fossil fuels will come at the expense of renewable energy investment. Trump's campaign has promised to renegotiate the world's second biggest carbon-emitting...

  • *Deals start as soon as Dec. 1- NDRC official. BEIJING, Nov 9- China's state economic planner said two of the nation's top coal mines signed long-term supply contracts with utilities at a quarter below current spot market rates, as the government ramps up its efforts to cool the red-hot market. Shenhua Energy Co and ChinaCoal Energy Co agreed to sell their coal at 535...

  • *Deals start as soon as Dec. 1- NDRC official. BEIJING, Nov 9- China's state economic planner said two of the nation's top coal mines signed long-term supply contracts with utilities at a quarter below current spot market rates, as the government ramps up its efforts to cool the red-hot market. Shenhua Energy Co and ChinaCoal Energy Co agreed to sell their coal at 535...