×

Utilities Electric Utilities

  • Inflation in Singapore remained benign overall in April, data on Tuesday showed, but that’s largely because housing costs continued to fall.

  • "On March 9, 2017, the European Commission notified us that they were opening a proceeding to evaluate possible infringements by the company in their submissions regarding the LM Wind Power transaction," GE said in a statement. The LM Wind Power transaction was approved by Brazil, China, the U.S. and the EC, and the deal closed on April 20, 2017. " In October GE announced...

  • May 22- General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case. The European Commission, which acts as the EU's competition watchdog, was reviewing whether GE misled EU officials reviewing a deal to buy LM Wind Power, a...

  • May 22- General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case. The European Commission was reviewing whether GE misled EU officials reviewing a deal to buy LM Wind Power, a Denmark- based maker of rotor blades, Bloomberg...

  • PARIS, May 22- French state-controlled utility EDF on Monday denied a media report that it had a secret plan to push back by 25 years a target to reduce the share of nuclear power generation within France's overall electricity mix. It added it was working within the general framework of France's 2015 energy law, and would work on France's energy transition plans...

  • *France already outlined plans to cut down on nuclear. PARIS, May 22- French state-controlled utility EDF plans to push back the target of cutting the share of nuclear generation in France's power production by 25 years to 2050, BFM television reported on Monday. It said EDF plans to extend the lifespan of some of the 58 nuclear reactors it operates in France by 10...

  • A closer look at the distributed power business

    Rorce Au Yeung, VPower Group, explains how the distributed power business fulfills the immediate power needs of countries.

  • PARIS, May 18- New Ecology Minister Nicolas Hulot said on Thursday France would seek to reduce the share of nuclear in the power mix to 50 percent by 2025 and would close its oldest nuclear power plant. "In 2025, the share of nuclear compared to what it was yesterday and not tomorrow must be 50 percent," Hulot told France 2 television. He confirmed that the Fessenheim...

  • PARIS, May 18- France's new energy minister Nicolas Hulot, a well-known environmentalist, will have to apply President Emmanuel Macron's policy on nuclear energy, the government said on Thursday after its first cabinet meeting. "A minister doesn't set conditions for a president or a prime minister," government spokesman Christophe Castaner told reporters,...

  • PARIS, May 18- France's new energy minister Nicolas Hulot, a well-known environmentalist, will have to apply President Emmanuel Macron's policy on nuclear energy, the government said on Thursday after its first cabinet meeting. "A minister doesn't set conditions for a president or a prime minister," government spokesman Christophe Castaner told reporters,...

  • NEW DELHI, May 17- India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minister Narendra Modi's government marks the first strategic response to the near collapse of...

  • *India fast-tracks own-brand reactor construction. *India will only buy proven reactor technology. NEW DELHI, May 18- India's plan to build 10 of its own nuclear reactors does not signal a pivot away from foreign suppliers, but to succeed their projects must be financially sound and based on proven technology, a top official told Reuters.

  • PARIS, May 18- France needs "massive and rapid" growth in renewable energy capacity and nuclear power is not the country's only energy solution, new Prime Minister Edouard Philippe said on Thursday. Philippe, who was appointed by newly inaugurated President Emmanuel Macron, used to work as head of public affairs for state nuclear energy group Areva, parts of which...

  • Had a record year for investment in National Grid: CEO

    National Grid CEO John Pettigrew speaks about earnings and how the company is working alongside U.S. and U.K. governments.

  • SEOUL, April 12- No matter who is elected as South Korea's new leader next month it is clear that coal and nuclear power generation will likely be scaled back, with most of the candidates laying out plans on Wednesday to address public concerns over pollution and safety. The two leading candidates, liberal front-runner Moon Jae- In and centrist Ahn Cheol- soo, both...

  • The hiring of Mandarin services shows the government is keen to lure even more investment from China to Brazil's power sector, which has gone through a wave of mergers and acquisitions led by Chinese firms. "The move is associated with the attraction of foreign capital to the Brazilian electricity sector," the regulator told Reuters, highlighting the role of...

  • *Time for pause on Europe cyclicals, MS says. MILAN, May 17- European shares suffered their worst day since September on Wednesday as political turmoil in the United States pushed investors into safe havens following a strong run that sent regional benchmarks to record highs. President Donald Trump had asked then-FBI Director James Comey to end a probe into his...

  • NEW DELHI, May 17- India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minister Narendra Modi's government marks the first strategic response to the near collapse of...

  • PARIS, May 17- Environmental campaigner Nicolas Hulot was appointed ecology minister in the new French government on Wednesday, news that sent the share price of nuclear power group EDF down 2.5 percent. It was not immediately clear whether Hulot's formal title of "Minister of Ecology and Solidarity" included energy, and notably the oversight of France's...

  • PARIS, May 17- Environmental campaigner Nicolas Hulot was appointed ecology minister in the new French government, an official announcement said on Wednesday, news that sent the share price of nuclear power group EDF down 2.5 percent. It was not immediately clear whether Hulot's formal title of "Minister of Ecology and Solidarity" included energy, and notably...