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Utilities Electric Utilities

  • Dec 15- A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving. "We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October. The most popular wind power tax credit, which lasts for ten years, is worth 2.3 cents for every kilowatt-hour...

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of RTE, the company's high-voltage power grid unit, to state bank Caisse des Depots, the companies said in a statement. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020, in an effort to reduce debt and free funds for the utility's 18 billion-pound project...

  • ABIDJAN, Dec 14- A consortium led by Africa- focused power producer Endeavor Energy began building a $552 million, 200- megawatt power plant in Ghana on Wednesday, it said in a statement. Amandi Energy has agreed a 25- year Power Purchase Agreement with the Electricity Company of Ghana. The U.S. government's Overseas Private Investment Corporation, as well as the...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of the firm's high-voltage power grid unit RTE to state bank Caisse des Depots, a source familiar with the situation said. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020 in a bid to reduce debt and free up funds for the utility's 18 billion pound project...

  • PARIS, Dec 14- EDF's board has approved the partial sale of the French state-controlled utility's high-voltage power grid to state bank Caisse des Depots, a source familiar with the situation said on Wednesday. "The partial sale of RTE has been approved by a majority of the board," the source said. In July, EDF had entered exclusive talks with state-owned bank Caisse...

  • LAUNCESTON, Australia, Dec 14- When it comes to China's coal production, is it more important that output in November recorded yet another decline year-on-year, or that it rose for a second straight month? October's coal output was 281.85 million tonnes, meaning that in volume terms China mined 26.25 million tonnes more in November. The logical conclusion on...

  • LAUNCESTON, Australia, Dec 14- When it comes to China's coal production, is it more important that output in November recorded yet another decline year-on-year, or that it rose for a second straight month? October's coal output was 281.85 million tonnes, meaning that in volume terms China mined 26.25 million tonnes more in November. The logical conclusion on...

  • *Shell looking at offshore wind in UK, Germany. "We're looking at opportunities in the UK and Germany," Bosman said. It won the latest Dutch offshore wind tender round offering a strike price of 54.5 euro per megawatt-hour, a quarter below the last tender which was won by Denmark's Dong Energy in July for 72.7 euro per MWh.

  • South Africa, which has the continent's only nuclear power station, has earmarked nuclear expansion as the centrepiece of a plan to increase power generation to ease the country's reliance on an ageing fleet of coal-fired plants and has asked Eskom to procure an additional 9,600 megawatts of capacity. Russia's Rosatom is expected to be among the bidders,...

  • *China coal output on track for 3rd annual drop in 2016. BEIJING, Dec 13- China's coal miners ramped up output in November, but production was still down year-on-year and power consumption rose at its fastest pace in years, underlining the government's difficulties as it tries to avert a winter energy crisis. Production in November fell to 308.1 million tonnes, up 9...

  • BEIJING, Dec 13- China's coal output fell unexpectedly last month, data showed on Tuesday, the strongest sign yet that miners are struggling to comply with government orders to crank out more supplies for the power sector to avert a winter energy crisis. Output in November dropped to 308.1 million tonnes, down 5.1 percent from a year ago but up 9 percent from a month...

  • Dec 12- Privately held power developer Deepwater Wind said on Monday that commercial operations had begun at its Block Island Wind Farm, which will deliver electricity into New England' s grid. This will be the United States' first offshore wind farm and will supply most of the power on Block Island, Rhode Island, according to the company's website.

  • *China coal demand' in structural and slow decline'-IEA. LONDON, Dec 12- Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency said on Monday. "In China, coal demand is in structural and slow decline driven by a new economic...

  • LONDON, Dec 12- Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency said on Monday. The IEA said last year that the world's top coal consumer, China, could be facing peak coal demand for the first time due to measures to cap...

  • WASHINGTON, Dec 9- Scott Pruitt, Donald Trump's pick to head the U.S. Environmental Protection Agency, has fought President Barack Obama's measures to curb climate change at every turn as attorney general of Oklahoma. That is because a little-used law called the Congressional Review Act allows Congress to erase such' midnight' rules with a simple majority vote,...

  • BEIJING, Dec 8- China General Nuclear Power Corp announced on Thursday that its French subsidiary has acquired part of Irish renewable energy company Gaelectric's wind portfolio:. *Paris- based CGN Europe Energy SAS bought 230 MW of wind energy assets from Gaelectric Holdings plc, CGN said in a statement. In September it bought Belgium's largest onshore wind...