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Electric Utilities

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  • MUMBAI, March 23- Shares in India's Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday, hit by concerns over the company's ability to feed its power plants after the rejection of its bids for three coal mines auctioned by the government. Stocks of the company, controlled by former lawmaker Naveen Jindal, fell as...

  • WASHINGTON, March 20- The White House said on Friday it would press ahead to end government financing for most coal-fired power plants overseas, a day after a bipartisan bill sought to overturn limits on those projects financed by the U.S. Export-Import Bank. Lawmakers are trying to hammer out a plan to save the U.S. Export-Import Bank, which provides support for...

  • WASHINGTON, March 20- The White House said on Friday it is committed to ending government financing for most coal-fired power plants overseas, a day after a bipartisan bill proposed overturning limits on coal-fired plant projects by the U.S. Export-Import Bank. "The administration is strongly committed to the long-term reauthorization of the Export-Import...

  • WASHINGTON, March 19- A bipartisan plan to save the U.S. Export-Import Bank seeks to extend the bank's term until 2019, increase lending to small businesses and overturn limits on coal-fired power plant projects. Friends of the Earth senior program manager Doug Norlen said fossil fuel projects, especially coal, hurts communities by polluting air and water,...

  • *Singapore generates 95 pct of power from natural gas. SINGAPORE, March 19- Singapore is taking steps to reduce its almost total reliance on fossil fuels in power generation by offering commercial customers the city-state's first dual solar and conventional electricity contract. The relatively high electricity price and falling solar costs have helped...

  • Is renewable energy ready to disrupt fossil fuels? Tuesday, 17 Mar 2015 | 6:36 PM ET
    Indian workers install solar panels at the Gujarat solar park in Western India's Gujarat state in 2012.

    Prices of fossil fuels may be plumbing multi-year lows, but that's not likely to keep them from being displaced by renewable energy, analysts said.

  • SINGAPORE, March 17- Coal faces increasing competition from natural gas in power generation in Asia, as prices for the cleaner-burning fuel are expected to stay depressed, energy consultancy Wood Mackenzie said on Tuesday. "We do not forecast any sustained price recovery above $10 per mmBtu with over a 100 million tonnes per annum of new LNG expected to be...

  • SHARM EL-SHEIKH, March 14- One of Egypt's leading businessmen said on Saturday the country needs to fire inefficient civil servants to attract investment and strengthen the economy. Foreign investors have criticised bureaucracy and a bloated civil service of about seven million in Egypt, the most populous Arab country. "Changing the mindset of all the...

  • "There is a strong case for investors to evaluate the risk of companies exposed to the least efficient coal plants," said Ben Caldecott, lead author of the report and director of the Stranded Assets Programme at Oxford University. China's Huaneng Group, Huadian Group and China Guodian Group topped the ranking. India's NTPC was the top non-Chinese firm in fifth...

  • GE to base its renewables unit in France - Alstom chief Wednesday, 11 Mar 2015 | 10:39 AM ET

    PARIS, March 11- General Electric Co will base its renewable energy unit in Paris and put a Frenchman in charge of the division after it completes the purchase of the energy activities of France's Alstom, Alstom chief Patrick Kron said on Wednesday. "With regard to its commitments in terms of headquarters, General Electric will go above and beyond its commitments,"...

  • France's nuclear love affair too strong to let Areva fail Wednesday, 11 Mar 2015 | 8:32 AM ET

    *Areva's losses force rethink of French nuclear policy. *EDF seen playing bigger role in Areva's reactor arm. Areva's record 4.83 billion euro 2014 loss underlined the troubles of a group which since its 2001 creation never managed to become a world leader in nuclear newbuild.

  • BEIJING, March 11- China's power generation, an important barometer of economic activity, rose just 1.9 percent in the January to February period from the same period last year, as weaker industrial growth and a milder winter curbed demand. The world's second-biggest economy generated 856.1 billion kilowatt hours of power over the two months, data from China's...

  • March 10- An ambitious plan to put California's renewable energy projects in areas where the environment will face the least harm is getting a major overhaul after years of delays and criticism from developers, environmentalists and counties. Arnold Schwarzenegger, the Desert Renewable Energy Conservation Plan aims to identify 22.5 million acres of land...

  • Japan Feb LNG spot price falls a quarter to $7.60/mmBtu Tuesday, 10 Mar 2015 | 12:20 AM ET

    TOKYO, March 10- Liquefied natural gas spot prices for buyers in Japan fell for the fourth straight month in February, dropping more than a quarter to the lowest price since the survey began last March, trade ministry data showed on Tuesday. Top importer Japan took in record LNG volumes in January, and gas imports in February are expected to have held close to those...

  • OKUMA, Japan, March 9- Norio Kimura lost his wife, father and 7- year-old daughter Yuna in the March 2011 tsunami. Now, he fears he may lose his land, too, as Japan's government wants to build a sprawling radioactive waste storage site in the shadow of the wrecked Fukushima nuclear plant. The March 11, 2011 earthquake and subsequent tsunami tore through coastal towns...

  • LONDON, March 6- While UK stocks have broadly shrugged off the looming general election, some investors are shunning a sector that risks becoming a political punch bag. Domestic utilities including Centrica and SSE have fallen since the start of 2015, even as the FTSE 100 index has hit record highs. The opposition Labour Party is campaigning to give the energy...

  • Aided by foreign technology acquired during three decades of development, China has the highest number of reactors being built and ambitions to export its home-grown models to an overseas market worth hundreds of billions of dollars. And in a sign of progress on exporting its own nuclear technology, China signed a preliminary agreement last month to sell its...

  • HONG KONG, March 6- Shares in Hanergy Thin Film Power Group fell as much as 9 percent on Friday, a day after the Hong Kong bourse asked the Chinese company about a stock price surge that transformed it into the world's most valuable renewable energy firm. The gain has outstripped the average 13 percent rise in the TRBC index that tracks Chinese renewable energy...

  • CAPE TOWN, March 5- South Africa's hopes of becoming one of the world's top renewable energy hubs are dimming due to poor infrastructure and delays as cash-strapped state utility Eskom is distracted by a scramble to keep the lights on. Upgraded technology and lower costs have enhanced the appeal of clean energy in Africa, as firms such as Enel Green Power and E.ON...

  • *China targets "zero-growth" for coal in key areas- Premier Li. *China to reduce its energy intensity by 3.1 pct in 2015. BEIJING, March 5- China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.