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Utilities Electric Utilities

  • 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...

  • TOKYO, Nov 9- Japan's Orix Corp is ramping up its drive into renewable energy assets such as wind farms and geothermal projects, as it runs out of room to extend a push that has made it the country's biggest player in solar power. Orix is now the fourth-biggest independent power supplier in Japan to non-residential users, and has approvals for 920 megawatts worth of...

  • *France relies on nuclear for three-quarters of its power. PARIS, Nov 8- France could impose power cuts this winter due to an electricity shortage, an unprecedented step in the wealthy nation which would expose the vulnerabilities of its dependence on nuclear power. France relies on nuclear for three-quarters of its power, more than any other country.

  • ANKARA, Nov 8- Turkey expects the first unit of its planned $20 billion Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023, energy minister Berat Albayrak said on Tuesday. President Tayyip Erdogan has said that work on the Akkuyu project, in southern Turkey, would be accelerated after Russia and Turkey restored...

  • *France relies on nuclear for three-quarters of its power. PARIS, Nov 8- France could impose power cuts this winter due to an electricity shortage, an unprecedented step in the wealthy nation which exposes the vulnerabilities of its dependence on nuclear power. France relies on nuclear for three-quarters of its electricity, more than any other country.

  • 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...

  • 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,...