Utilities Electric Utilities

  • UPDATE 3-UK aims to close coal-fired power plants by 2025.

  • The French state-controlled utility is in the process of dismantling nine reactors and has 58 others in operation, supplying France with about 75 percent of its energy needs. "In Europe, the nuclear decommissioning market could take off in a couple of years," said Sylvain Granger, EDF director of decommissioning and waste, citing the case of Germany.

  • OSLO, July 4- By 2022, Norway could realize every step in the development of a technology many see as critical to reducing global carbon emissions, carbon capture and storage, it said on Monday. Oslo said it could capture carbon dioxide from an industrial plant, transport it by ship and inject it into an empty North Sea oil and gas reservoir for 4.3 billion to 7.6...

  • PARIS, July 4- French power utility EDF on Monday stuck to its plans to build a nuclear reactor complex at Hinkley Point in southern England, saying Britain's referendum vote to quit the European Union was no barrier to the plan. The 18 billion pound Hinkley Point project and its implications for the country's main state power company has divided opinion in...

  • LONDON, July 1- The British offshore wind industry, already bruised by subsidy changes, faces uncertainty after Britain voted to leave the European Union, with investors worried about future government incentives, exchange rates and export duties. Businesses in many industries have reported that the result of the June 23 referendum has created uncertainty...

  • NAIROBI, June 28- A major new power line that will connect the remote northern region of Kenya to the national grid, and will be used to transmit wind power, should be completed by the end of this year, a senior government official told Reuters on Tuesday. Construction on the 428 km, 400- kilovolt power line, which will run from Loiyangalani in northern Kenya to Suswa in...

  • PARIS, June 28- Nuclear power capacity grew fast last year, mainly in China, but challenges such as ageing plants and low electricity prices could hobble the sector, the head of the International Energy Agency said on Tuesday. Global addition to capacity in 2015 hit 10.2 gigawatts, the highest growth in 25 years, the IEA's Executive Director Fatih Birol told a...

  • June 27- Coal used to generate U.S. power fell in April to its lowest monthly level since 1978, the U.S. Energy Information Administration said in a report. Coal-fired power plants generated just 72.2 million megawatt hours in April, their lowest since April 1978, according to EIA data released on Friday. Natural gas, meanwhile, surpassed coal as the United States'...

  • DUBAI, June 27- A consortium led by Abu Dhabi's Masdar is aiming to raise an $800 million loan to help fund the building of the 800- megawatt third phase of Dubai's solar park, the company's chief executive told reporters on Monday. The consortium, which also includes Spanish companies Fotowatio Renewable Ventures and Gransolar Group, was selected to complete...

  • *Landmark contracts in Turkey, Hungary under threat. PARIS/ MOSCOW, June 26- The $100 billion overseas order book of Russia's nuclear power plant builder Rosatom-- bigger than all its Western competitors combined-- makes it look like the giant in its field. Deal after deal has collapsed in Europe, where individual countries and the European Union as a whole consider...

  • *China lags 2015 offshore wind power capacity target. BEIJING, June 24- China is lagging far behind its target to boost the country's offshore wind power capacity due to technical problems and high costs, which in the absence of more state subsidies could dent its plans to install 10 gigawatts by 2020, developers said. "We hold a conservative view on the 2020 target,"...

  • June 23- A unit of Tokyo Electric Power Co Holdings Inc lost track of electricity usage for about 6,400 households in Tokyo due to an apparent technical glitch, leaving new power companies unable to bill some customers, the Nikkei reported. The households had switched power providers after Japan fully deregulated the retail electricity market in April.

  • June 22- Some of Tesla Motor Inc's biggest investors have signaled support for CEO Elon Musk's plan to buy solar power company SolarCity Corp, although the electric car maker's stock cratered on Wednesday, lopping more than the $2.8 billion value of the proposed deal off Tesla's market capitalization. "It's a natural evolution of their mission to transform...

  • June 22- Some of Tesla Motor Inc's biggest investors have signaled support for CEO Elon Musk's plan to buy solar power company SolarCity Corp, although the electric car maker's stock cratered on Wednesday, lopping more than the $2.8 billion value of the proposed deal off Tesla's market capitalization. "It's a natural evolution of their mission to transform...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • Chronic power shortages are one of the biggest obstacles to growth in countries across Africa, with a dearth of electricity or regular blackouts strangling industries and the continent is turning to outside investors and renewables to boost output. The deal to develop and finance projects, announced on Wednesday, brings together Lagos- based Africa Finance...

  • June 21- California's only functioning nuclear power plant will close by 2025 and be replaced by renewables, energy efficiency and storage under an agreement announced on Tuesday by its owner, PG&E Corp, labor unions and environmental groups. The company cited California's goal of producing 50 percent of its power from renewables by 2030 and ambitious energy...

  • June 21- California's power grid passed its first test of the summer with no rolling blackouts on Monday, when customers cranked up their air conditioners as temperatures soared into the triple-digits for the second consecutive day in some southern parts of the state. Monday's alert was the first big test of power generators' ability to meet heightened energy...

  • June 21- California's power grid passed its first test of the summer with no rolling blackouts on Monday, when customers cranked up their air conditioners as temperatures soared into the triple-digits for the second consecutive day in some southern parts of the state. Monday's alert was the first big test of power generators' ability to meet heightened energy...

  • LAUNCESTON, Australia, June 21- India's coal imports are in a declining trend, but the energy value is dropping at a far slower pace than the physical volumes as the South Asian nation switches to higher quality fuel. This is likely as important a trend as the drop in imports as it indicates that major supplier Indonesia is in danger of surrendering more of the...