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Utilities Electric Utilities

  • SYDNEY, June 14- Glencore will pitch its $2.55 billion bid for Rio Tinto's Australian Coal& Allied unit directly to Rio Tinto's board in Canada on Thursday, two sources familiar with the matter told Reuters. The meeting, headed by Glencore's Australian Chief Executive Peter Freyberg, comes five days after Glencore outbid Chinese-owned Yancoal for Coal& Allied...

  • SHANGHAI, June 14- China is betting on new, small-scale nuclear reactor designs that could be used in isolated regions, on ships and even aircraft as part of an ambitious plan to wrest control of the global nuclear market. The global nuclear industry will require around $80 billion in annual investment over the coming decade as countries strive to meet climate...

  • ISLAMABAD, June 14- Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland's ABB to build the country's first high-voltage transmission line. In Pakistan, whose geographical position makes it central to Beijing's " Silk Road" plans, contracts have been awarded for projects worth more than $28 billion all by Chinese companies...

  • *Renewables showed fastest growth at 12 percent. *Emissions growth stalled for third year. LONDON, June 13- Global energy demand continued its sluggish rise last year as growth in Chinese consumption fell to its lowest in nearly two decades, while renewables flourished, BP said in a report on Tuesday.

  • LONDON, June 13- Global energy demand continued its sluggish growth last year as China's growth fell to its lowest in nearly 20 years while renewables flourished, BP said in a report on Tuesday. "This is a third year where we've seen weak growth in world energy demand The new normal is that all of this growth is coming from developing economies," particularly China...

  • LONDON, June 13- Global energy demand continued its sluggish growth last year as China's growth fell to its lowest in nearly 20 years while renewables flourished, BP said in a report on Tuesday. "This is a third year where we've seen weak growth in world energy demand The new normal is that all of this growth is coming from developing economies," particularly China...

  • LONDON, June 13- Global energy demand continued its sluggish growth last year as China's growth fell to its lowest in nearly 20 years while renewables flourished, BP said in a report on Tuesday. "This is a third year where we've seen weak growth in world energy demand The new normal is that all of this growth is coming from developing economies," particularly China...

  • LONDON, June 13- Global energy demand continued its sluggish growth last year as China's growth fell to its lowest in nearly 20 years while renewables flourished, BP said in a report on Tuesday. "This is a third year where we've seen weak growth in world energy demand The new normal is that all of this growth is coming from developing economies," particularly China...

  • LAUNCESTON, Australia, June 13- When it comes to electrifying Asia the conventional wisdom has been that cheap beats green, meaning coal will continue to dominate the region's new power generation as renewables such as solar and wind can't compete. The representatives of the coal industry, as well as some respected industry analysts, presented a fairly bullish...

  • LAUNCESTON, Australia, June 13- When it comes to electrifying Asia the conventional wisdom has been that cheap beats green, meaning coal will continue to dominate the region's new power generation as renewables such as solar and wind can't compete. The representatives of the coal industry, as well as some respected industry analysts, presented a fairly bullish...

  • Analysis of the malware, known as Crash Override or Industroyer, indicates it was likely used in a December 2016 cyber attack that cut power in Ukraine, according to the firms, Slovakian security software maker ESET and U.S. critical-infrastructure security firm Dragos Inc.. Ukraine authorities have previously blamed Russia for the attacks on its grid.

  • BOLOGNA, Italy, June 12- French environment and energy minister Nicolas Hulot said on Monday that the government plans to close some nuclear reactors of state-controlled utility EDF to reduce nuclear's share of the country's power mix. Hulot told reporters at the G7 environment summit in the Italian city of Bologna that it was too early to give numbers about...

  • *Half a dozen firms specialise in dismantling reactors. MUELHEIM-KAERLICH, Germany, June 12- As head of the Muelheim-Kaerlich nuclear reactor, Thomas Volmar spends his days plotting how to tear down his workplace. About 200 nuclear reactors around the world will be shut down over the next quarter century, mostly in Europe, according to the International Energy...

  • TOKYO, June 9- The governor of Japan's Niigata prefecture, home to the world's largest atomic power plant, Kashiwazaki-Kariwa, will not take steps to restart the site until a nuclear advisory committee completes its work, delaying its operation at least three years. Governor Ryuichi Yoneyama told Reuters in an interview that he plans to create an advisory...

  • NEW DELHI, June 9- Vikas Patharkar borrowed $700,000 in 2014 to set up a factory to make electric transformers on the outskirts of Mumbai, buoyed by the promise of massive government spending and hopes of a strong economic rebound. Patharkar says India's bureaucrats are to blame for denying contracts to small businesses like his, and has taken one state-run...

  • MANILA, June 8- The Philippines aims to build a $2- billion receiving and distribution facility for imported LNG, as it seeks to replace depleting domestic gas reserves that now produce a fifth of its power, the energy department said. The Philippines needs to step up power generation capacity by 7,000 megawatts over the next five years to support a fast-growing...

  • TOKYO, June 8- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Thursday they aim to cut costs by more than 100 billion yen a year within five years after combining their fossil fuel power plants under their JERA Co joint venture. The two companies, which had agreed on the integration in March, signed a contract for this on Thursday.

  • Copper: China imported 390,000 tonnes, versus 300,000 tonnes in April. Crude oil: China imported 37.20 million tonnes, versus 34.39 million tonnes in April. Iron ore: China imported 91.52 million tonnes, versus 82.23 million tonnes in April.

  • Following a banner 2016 driven by expectations that a key federal tax credit would expire at the end of that year, the utility-scale market is expected to drop to 8 gigawatts this year from more than 10 GW last year, according to a report by GTM Research and the Solar Energy Industries Association. Residential markets in New York, Massachusetts and Maryland also...

  • June 7- Connecticut's Senate passed a bill Wednesday morning that could allow the state to buy power from Dominion Energy Inc's Millstone nuclear power plant. Senate Bill 778, which the Senate passed this morning, authorizes the commissioner of the state Department of Energy& Environmental Protection to conduct an appraisal to determine whether the state...