Electric Utilities
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TOKYO, April 5- The operator of Japan's Fukushima Daiichi nuclear power plant said on Friday it lost the ability to cool radioactive fuel rods in one of the plant's crippled reactors for about three hours earlier in the day.
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LONDON, March 26- Britain spelled out its aims for nuclear power on Tuesday, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.
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LONDON, March 26- Britain spelled out its aims for nuclear power on Tuesday, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.
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*Cold weather underpins nearby demand in Germany, France. FRANKFURT, March 26- Sustained cold weather and falling German wind power output pushed European spot power prices higher for a second day on Tuesday in a trend counter to weakening consumption ahead of Easter holidays. 3.25 euros up on the day at 43.25 euros a megawatt hour.
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French firm EDF and Japan's Hitachi both have plans to build in Britain, which needs to replace ageing coal-fired and nuclear sites. It comes in response to a 2011 report from the House of Lords on the UK's nuclear research and development capabilities and recommendations from the Nuclear Research and Development Advisory Board.
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*Spot price for Wednesday set at 47.49 euros/ MWh. firmed by 80 cents to 41.8 euros per megawatt-hour by 1300 GMT, more than 5 euros above the equivalent German contract. Analysts at Point Carbon, a Thomson Reuters market analysis company, said they expected the second-quarter contract to be delivered at 40.1 euros a MWh.
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SOFIA, March 26- Bulgaria said it will suspend about 40 percent of its wind and solar installations to balance a power system in danger of instability due to a huge excess of capacity after a drop in consumption and exports. Bulgaria has about 1,600 megawatts in wind and solar power capacity out of total installed power generation capacity of 12,000 MW.
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French firm EDF and Japan's Hitachi both have plans to build in Britain, which needs to replace ageing coal-fired and nuclear sites. It comes in response to a 2011 report from the House of Lords on the UK's nuclear research and development capabilities and recommendations from the Nuclear Research and Development Advisory Board.
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SOFIA, March 26- Bulgaria said it will suspend about 40 percent of its wind and solar installations to balance a power system in danger of instability due to a huge excess of capacity after a drop in consumption and exports. "The energy system at present is very ill and very inefficient," interim energy minister Arsen Vasilev told reporters on Tuesday.
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*French grid already sensitive to demand spikes. PARIS, March 26- France's power grid, already under strain at peak periods, could struggle to cope if growing numbers of electric car owners all recharge their batteries when they sit down for dinner, power sector executives say.
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TOKYO, March 26- Kansai Electric Power Co. Kansai, Japan's most nuclear reliant power utility, intends to make the best use of nuclear reactors once they clear new safety regulations for restart, Hiroshi Okamoto, a manager in charge of facility planning said at a news conference.
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LONDON, March 26- Saudi Electricity Co, the Gulf's largest utility, has priced a US $2 bn dual-tranche Islamic bond, according to one of the lead managers. The issuer priced a US $1 bn 3.473% 10- year tranche at a a spread of 155 bp over US Treasuries, and a US $1 bn 5.06% 30- year portion at a spread of 190 bp over. Deutsche Bank and HSBC are the leads.
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TOKYO, March 26- Japan's Chugoku Electric Power Co said on Thursday it plans to upgrade the 350- megawatt No.1 unit at its Tamashima power plant to burn natural gas besides oil, so as to cut fuel costs amid uncertainty over its nuclear power plant restart.
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TORONTO, March 25- Canada's main stock index fell to its lowest point in nearly a month on Monday as investors reconsidered their initial relief over a bailout deal for Cyprus, while shares of BlackBerry. dropped 4.5 percent after a downgrade by Goldman Sachs.
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WARSAW, March 25- Poland's National Chamber of Appeals ruled that local firms Rafako and Mostostal Warszawa should carry out a $1.7 billion contract for utility Tauron, rejecting appeals from two rival foreign consortiums.
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PRAGUE, March 25- The U.S. Westinghouse unit of Japan's Toshiba has been told it has taken the lead in a tender to expand the Czech Temelin nuclear power plant after the evaluation of initial bids, Westinghouse Chief Executive Daniel Roderick said on Monday.
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PRAGUE, March 25- The U.S. Westinghouse unit of Japan's Toshiba has been told it has taken the lead in a tender to expand the Czech Temelin nuclear power plant after the evaluation of initial bids, Westinghouse Chief Executive Daniel Roderick said on Monday.
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AURORA, Maine-- Maine environmental regulators will hear what the public has to say about a proposed 18- turbine wind farm in Hancock County. First Wind wants to begin construction this year on the 54- megawatt wind power generation facility on Schoppe Ridge and an unnamed ridge, with an operations and maintenance building in Aurora.
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COLUMBUS, Ohio-- Battle lines are being drawn over whether Ohio should scrap its renewable energy standard, which requires power companies to generate a portion of their electricity from renewable sources such as solar and wind.
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*Prolonged cold weather lifts nearby demand. FRANKFURT, March 25- European spot power prices rose on Monday on forecasts of cold weather this week, which offset weaker demand prospects ahead of Easter holidays. was 6 euros up at 40 euros a megawatt hour.
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rose by 1.25 euros to 40.95 euros per megawatt-hour by 1230 GMT, a price level not seen since end-December, and well above the equivalent German contract. "The hydro situation is strained over the huge deficit, so there is a certain potential for big price moves, and prices are already much above Germany," a Norway- based trader said.