Utilities Electric Utilities

  • *South Africa wants to mine uranium, not enrich it. LONDON, Sept 15- A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,...

  • LONDON, Sept 15- Britain gave the go-ahead for a $24 billion nuclear power plant on Thursday, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. Prime Minister Theresa May's government said it would proceed with the Hinkley Point C...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • LONDON, Sept 15- The inclusion of new investment controls in the government's approval for a new French-built, Chinese-backed nuclear plant in Britain will enhance the project's security, a spokesman for Prime Minister Theresa May said on Thursday. He said the project was a "good deal" for consumers and would help secure Britain's energy supply for decades.

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signaling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • LONDON, Sept 15- The world nuclear industry aims to build about 1,000 gigawatts of new nuclear reactor capacity by 2050, World Nuclear Association Director-general Agneta Rising said on Thursday. Rising said the UK government's decision to go ahead with the 3. 2 GW Hinkley Point project is an important boost for the industry. "We congratulate the UK government...

  • LONDON, Sept 15- Britain gave the go ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France and put a question mark over Prime Minister Theresa May's investment policy. In a statement, May's government said it had decided to proceed with the Hinkley Point C project in southwest England after a...

  • PRESS RELEASE- UK GOVT STATEMENT ON EDF HINKLEY POINT DEAL@. PARIS, Sept 15- Below is the text of a UK government statement announcing a new deal with French utility EDF for the construction and operation of the Hinkley Point C nuclear project in southwest England. However, ministers will impose a new legal framework for future foreign investment in Britain's...

  • COPENHAGEN, Sept 15- A Danish political watchdog on Wednesday asked the national audit office to investigate the role of key parties involved in the share market flotation of offshore wind farm developer DONG Energy. The sale meant the Wall Street bank doubled an 8 billion- crown investment made just two and a half years earlier, fueling criticism in Denmark...

  • Sept 14- The Canadian crude-producing province of Alberta said on Tuesday it will support the creation of 5,000 megawatts of additional renewable energy capacity by 2030 to help achieve goals laid out in its climate plan last year. Shannon Phillips, Minister of Environment and Parks, said Alberta now has a firm target of 30 percent of electricity used in the...

  • COPENHAGEN, Sept 14- A Danish political watchdog on Wednesday asked the national audit office to investigate the role of key parties involved in the share market flotation of offshore wind farm developer DONG Energy, including Goldman Sachs. The sale meant the Wall Street bank doubled an 8 billion- crown investment made just two and a half years earlier, fueling...

  • LONDON/ PARIS, Sept 14- Theresa May could announce as soon as Thursday whether Britain will go ahead with a $24 billion nuclear power project, laying down a marker on energy policy and her approach to investment from China. Hours before a deal was due to be signed in July, the new prime minister stunned investors by putting it on hold. May said she needed time to assess...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion as it focuses on its regulated power business. American Electric said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion to a newly formed joint venture. The company said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in Indiana.

  • NRG Energy has won the auction for bankrupt renewable power plant developer SunEdison's wind and solar projects in Texas and other states.

  • LONDON, Sept 12- State-controlled South Korean electric power utility KEPCO is closing in on investing in a 10 billion-pound project in Britain to construct a new nuclear power plant near Sellafield, northwest England, the Financial Times said on Monday, citing sources close to the negotiations. The Korea Electric Power Corporation has resumed talks about...

  • CHICAGO, Sept 12- Houston- based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc' s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing. The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter...

  • NEW YORK, Sept 12- General Electric Co is partnering with Mexican national power company CFE to help improve the efficiency of its electrical system, the leader of GE's power business said on Monday. Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • PARIS/ LONDON, Sept 12- South Korean power utility KEPCO is in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the situation told Reuters on Monday. The Financial Times on Monday reported KEPCO had resumed talks about joining the 10 billion-pound NuGen project...