The Monterrey- based company will also dramatically ramp up its electricity generation over the next five years in the wake of a major energy sector overhaul, Raul Millares, Alfa's energy director, said in an interview. "Alfa sees very favorably our ability to develop business here in Mexico in the areas of oil and gas," Millares said.» Read More
NEW YORK, April 25- Leading Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.
TOKYO, April 25- Japan on Friday started releasing average prices for spot liquefied natural gas to add transparency to an opaque market and amid concern about rising fuel costs in the wake of the shutdown of nuclear plants after the Fukushima crisis.
*Coal tops the list for deaths in energy sector. *Coal also a major polluter. Coal mining is responsible for more fatalities than the production of any other energy source due to poor working conditions in export countries such as China, South Africa, Indonesia and Colombia.
CAIRO, April 23- Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.
April 22- U.S. coal miner Arch Coal Inc said it expects to ship fewer tons of steel-making metallurgical coal this year as prices and demand remain weak, but signaled recovering demand for thermal coal, used in power generation. Shares of Arch Coal, which also reported a bigger-than-expected loss for the first quarter, were down 4 percent at $4.76 in early trading.
TAIPEI, April 22- Taiwan's premier has rejected opposition demands to halt construction of a controversial atomic power plant, sparking threats of street protests from anti-nuclear campaigners.
BEIJING, April 21- China may sign as early as next year the first of several contracts for eight new nuclear reactors from Westinghouse Electric Co, as the government presses ahead with the world's biggest civilian nuclear power expansion since the 2011 Fukushima disaster in Japan.
OKUMA, Japan, April 18- The manager of the Fukushima nuclear power plant admits to embarrassment that repeated efforts have failed to bring under control the problem of radioactive water, eight months after Japan's prime minister told the world the matter was resolved.
April 16- Australia's greenhouse gas emissions fell 0.8 percent in 2013, according to government data, driven by lower electricity demand and a bigger share of renewables in the energy mix. Despite the cuts, Australia's emissions per capita stand at 23.2 tonnes, among the highest in the world and nearly four times more than China.
The EPA's Mercury and Air Toxics Standard applies to 1,400 of the country's largest power plants and would come into force in 2015, or in some cases, 2016. The EPA has said that MATS could annually prevent up to 11,000 premature deaths, and generate $90 billion in health benefits.
PRAGUE, April 14- The Czech Republic wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units and believes the European Union should be more supportive of atomic power, Industry Minister Jan Mladek said on Monday.
WASHINGTON, April 13- Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the end of May, as the country has' no time to waste' in starting reforms, the planning minister said.
SATSUMASENDAI, Japan, April 14- On the main road leading from the Sendai nuclear plant in southern Japan, a construction crew is laying down asphalt to widen the evacuation route in the event of a future disaster.
TOKYO, April 11- Japan's Cabinet on Friday approved a new energy policy, reversing the previous government's plans to gradually mothball nuclear power plants following the 2011 Fukushima disaster.
SAN FRANCISCO, April 9- California air regulators on Wednesday issued the first carbon offset credits for a forest protection project, credits that power companies and others large emitters can use to meet their compliance obligations under the state's greenhouse gas reduction program.
TOKYO, April 9- Since March 2011, Japan's government has focused on the cost of cleaning up after Fukushima, the worst nuclear accident since Chernobyl. While their reactors have been idled, Japan's nuclear plant operators have had to spend around $87 billion to burn replacement fossil fuels.
April 7- James River Coal Co filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal. Coal companies have also been hit by President Barack Obama's push for stricter regulation of greenhouse gas emissions by the Environmental Protection Agency.
US sailors are suing a Tokyo utility that operates the Fukushima Dai-ichi nuclear power plant, alleging it lied about radiation levels in the area.
NISKAYUNA, New York, April 7- Carbon dioxide, used for years to force crude oil out of old wells, likely will not replace water in fracking anytime soon because of technical challenges and limited infrastructure, says General Electric Co, which is studying the issue under a $10 billion research program.
LONDON, April 4- Exceptionally cold weather coupled with fuel shortages and equipment failures pushed the U.S. electricity grid close to emergency conditions repeatedly during January and February, according to a bleak assessment issued by regulators.