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Utilities Electric Utilities

  • 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...

  • ZURICH, May 17- Switzerland votes on Sunday on a new energy law, titled "Energy Strategy 2050," that includes billions of Swiss francs in subsidies to support new renewable supplies and energy efficiency, while banning new nuclear power plants. *Bans new nuclear power plants ahead of the eventual phase out of Switzerland's five plants, with the first closing in...

  • *Power prices in Britain, Germany seen lower, more stable. *Norway- Germany cable to run below capacity for 5 years. Statnett is building two 1.4 gigawatt subsea cables to Germany and Britain to start up in 2020 and 2021 respectively, with each cable costing up to 2 billion euros.

  • BONN, Germany, May 16- Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday. It said that ownership of thermal coal, used in power plants, was dominated by "strategic investors in China and India." China and India say they will...

  • Bangladesh's energy needs

    Ayesha Aziz Khan, Summit Power International, talks about the projects being carried out to support power plant development in Bangladesh and other emerging markets.

  • NEW DELHI, May 15- Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. "India would like to use its abundant coal reserves as it provides a cheap source of energy and ensures energy security as well," the...

  • ESSEN, Germany, May 15- RWE has sold the bulk of its 2018, 2019 and 2020 power generation from nuclear and brown coal-fired plants in Germany, the utility's first-quarter earnings report showed on Monday. *For 2018 it hedged more than 90 percent of German power volumes at around 27 euros per megawatt hour, for 2019 more than 80 percent at 26 euros/ MWh and for 2020 over...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the unfinished Vogtle power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for its guarantees on the much-delayed nuclear project, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said on Sunday. The deal is also contingent on the...