Utilities Electric Utilities

  • BEIJING, Nov 8- China's exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world's largest trading nation can be sustained. Indeed, China's imports of iron ore, crude oil, coal and copper all fell in October, after its robust demand drove global prices of many major...

  • The relevant facts for coal: that China aims to cap total generation at 1,100 gigawatts by 2020, which is 14.6- percent higher than the previous plan that aimed to limit coal generation to 960 GW. Alternatively, this is actually good news as it means China will be using a smaller share of coal in its generation mix, with coal-fired capacity dropping to 55 percent of...

  • In order to help the Australian government meet its 2020 renewable energy target, AGL- Australia's second-largest energy retailer- announced in July that it had set up a fund to develop 1,000 MW of renewables capacity, about 20 percent of the country's target. Vesey said Australia's challenge in moving to a low-carbon energy system is how to make room for new...

  • HANOI, Nov 7- Irish wind and solar firm Mainstream Renewable Power on Monday said it had agreed to build and operate wind projects in Vietnam worth a total of over $2.2 billion, as the country looks for new energy sources to meet soaring demand. It added that it would partner with GE Energy Financial Services and local firm Phu Cuong Group in its main Vietnam project,...

  • MELBOURNE, Nov 7- Chinese demand for uranium is expected to nearly double to 9,800 tonnes per year by 2020 from the end of 2015, although a near-term supply glut will keep prices depressed, said the head of a unit of state-owned China National Nuclear Corporation. But Wang Ying, chief executive of CNNC International, told the IMARC mining conference in Melbourne,...

  • *Morocco's Noor solar plant will be among world's biggest. OUARZAZATE, Morocco, Nov 5- On the edge of the Sahara desert, Morocco is building one of the world's biggest solar power plants in a project largely funded by the European Union. Morocco is showcasing Noor before talks among almost 200 nations in Marrakesh about implementing a global deal to combat climate...

  • KADUNA, Nigeria, Nov 4- Nigeria's northern Kaduna state is close to agreeing a $625 million deal with an Indian consortium to build a light railway and also plans two new power plants, its governor said. "This is going to be funded by the Indian Exim bank, $625 million. The governor, one of the most high-profile members of the ruling All Progressives Congress party, said...

  • The regulated utilities unit serves Florida, Ohio, Kentucky, Tennessee, Indiana and North and South Carolina in the Southeastern and Midwest regions of the United States. The company, which has been cutting its exposure to volatile power prices in wholesale markets, agreed in October to sell its businesses in Brazil, Peru, Chile, Ecuador, Guatemala, El Salvador and...

  • Nov 4- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a 26.2 percent rise in quarterly profit on Friday, as warmer summer temperatures in the South Eastern and Midwest United States pushed up electricity sales. Net income attributable to the company rose to $1.18 billion, or $1.70 per share, in the third quarter ended Sept. 30, from...

  • WASHINGTON, Nov 4- Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that...

  • TOKYO, Nov 4- Forced into action by falling customers due to market liberalization and a shrinking population, Japan's utilities are ditching old long-term coal and gas supply contracts in favor of more short-term, opportunistic trading. It could also help Japan, the world's biggest LNG buyer and the No.3 importer of thermal coal, meet its goal of becoming an LNG...

  • PARIS, Nov 3- The global renewable solar industry is facing a new crisis due to over-capacity and low demand, Patrick Pouyanne, Chief Executive of French oil and gas giant Total said on Thursday. Frankly, when you see prices under 30 cents per kilowatt hour, I don't understand. He said it was too early for governments to cut subsidies to the sector, adding that China had...

  • *Cold last winter, hot summer have hit China coal stocks. BEIJING/ SINGAPORE, Nov 2- As the first major cold snap of the winter grips northern China this week, utilities are desperately trying to overcome a shortage of the coal they need to produce power as customers crank up heating to fight the chill. The rush for foreign coal used to make electricity showed no sign of...

  • SINGAPORE/ JAKARTA, Nov 2- Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect. Indonesia and Vietnam aim to each have annual solar power capacity of at least 5 gigawatts from 2020, up...

  • SINGAPORE, Nov 2- Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect this week. The nation currently has the highest installed solar capacity in Southeast Asia, with a government...

  • *Japan firms wary of investment environment in Russia. TOKYO, Nov 2- Japan's government is lobbying its firms to invest in Russian projects to help secure a breakthrough in a festering territorial row with Moscow when President Vladimir Putin visits Japan in December, sources told Reuters. The dispute over four islands north of Japan's Hokkaido, called the...

  • SYDNEY, Nov 1- Australia's increasingly protectionist stance is dissuading Chinese and other foreign investors from bidding in major asset sales, political and corporate advisers say, potentially reducing competition and hurting prices. The New South Wales state government's decision last month to accept a $12.5 billion offer from local pension funds...

  • *Portugal renewables tax, Trump win could weigh on stock. PARIS, Oct 28- The best performer in Europe's turbulent utilities industry is a little-known Portuguese renewables company whose media-shy chief executive has won the confidence of investors in an unpredictable industry. Despite such challenges, EDPR has built a record for reliability, developing a...

  • TOKYO, Oct 28- Kansai Electric Power Co and three other energy utilities based in western Japan on Friday denied a report in the Nikkei newspaper that they are considering a tie-up in their nuclear businesses, which are struggling after the Fukushima disaster. The Nikkei added the moves could lead to a full merger of the companies' nuclear operations as part of a...

  • Installations of wind capacity fell to 895 megawatts during the quarter from 1,603 a year earlier, according to a quarterly report by the American Wind Energy Association. All of the capacity added during the quarter was in two states: Texas, the nation's top state for installed wind capacity, and Minnesota. The pace of wind energy development has been highly...