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  • ESSEN, Germany, Feb 17- Vattenfall will bid to build new offshore wind farms in Europe this year as it moves towards carbon-free generation and ditches brown coal, a senior official at the Swedish power utility told Reuters. The company plans to boost its wind power portfolio in Europe by 400 to 600 megawatts per year over the next five years from the current...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares and Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million shares to own...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in embattled renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares, Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million...

  • *EDF CEO says now very close to taking Hinkley Point decision. PARIS, Feb 16- EDF shares jumped more than 10 percent, their biggest rise since 2008, after the French utility company eased worries about its ability to finance nuclear projects including Britain's Hinkley Point. The firm also reaffirmed its forecast to return to positive cash flow after dividend...

  • ASHALIM, Israel, Feb 15- In a vast expanse of open desert in southern Israel a 787- foot tower is taking shape that its builders hope will help make solar energy much more cost effective. The tower, being built by Israel- based Megalim Solar Power, whose shareholders include General Electric, will be taller than other solar towers, enabling it to generate up to 121...

  • *Russia, a poltical favorite, ability to fund plants, a bonus. JOHANNESBURG, Feb 12- South Africa will finalise requirements for its 9,600 megawatt nuclear power plant by April, with Russia and China the front-runners to win the bid, a government official involved in the negotiations told Reuters. Political alliances, Pretoria and Moscow's membership of the BRICS...

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...

  • NEW YORK, Feb 10- Long-battered shares of coal companies jumped on Wednesday after the U.S. Supreme Court put on hold federal regulations to curb carbon dioxide emissions mainly from coal-fired power plants. The court's 5-4 ruling on Tuesday delivered a major blow to President Barack Obama, by blocking the centerpiece of his administration's strategy to...

  • COPENHAGEN, Feb 9- Denmark's Vestas beat forecasts with record orders for new wind turbines last year, signalling continued strong demand for renewable energy despite a plunge in fossil fuel prices. Hit by overcapacity and the withdrawal of some government subsidies during the global economic downturn, big wind turbine makers are now benefiting from a new...

  • ZAGREB, Feb 6- Croatia is unlikely to go ahead with plans to build a new coal-fired thermal plant in the northern Adriatic for which it entered partnership talks with Japan's Marubeni Corp, the environment minister said on Saturday. Such plants don't fit in, " Slaven Dobrovic said at an energy round-table in Zagreb. Croatia agreed early last year to begin talks with...

  • The move is part of the company's attempt to reduce exposure to unregulated markets in the United States and internationally, and follows its $4.9 billion purchase of natural gas distributor Piedmont Natural Gas Co.. Duke's international business- which spans Brazil, Argentina and Chile- had earned only half of what the company had expected through...

  • Feb 4- Duke Energy Corp, the largest U.S. power company by generation capacity, said it was looking to sell a whole or part of its international energy unit.

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • UAE'S DANA GAS SAYS SUPPLYING CHEMCHEMAL POWER PLANT AND PLANT IS OPERATING AT 50 PCT OF PRODUCTION CAPACITY.

  • BUENOS AIRES, Jan 29- Argentina's energy minister on Friday announced new power rates on the back of subsidy cuts that could see the bills of some consumers jump six-fold, saying that a near total freeze on tariffs in parts of the country had left the power grid "on the brink of collapse." Minister Juan Jose Aranguren said the government of newly-elected Mauricio...

  • Jan 29- Hydro One Ltd, Ontario's largest electric utility said it will buy an electricity transmission business from Brookfield Infrastructure for C $222 million. Hydro One began trading on the Toronto Stock Exchange in November after its initial public offering, one of the largest in Canadian history. Hydro One's shares were mostly flat at C $22.45 in morning...

  • The Dec. 23 incident in Ukraine was the first cyber attack to cause a power outage, and is one of just a handful of incidents in which computer hacking has caused physical effects on infrastructure rather than the loss or theft of electronic data. A similar attack in the United States could cripple utilities and leave millions of people in the dark, costing the...