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Category: Global News

Global NEWS

Kampala — Uganda has Africa’s best electricity regulatory system, according to the African Development Bank (AfDB’s) 2018 Electricity Regulatory Index (ERI) report. Second is Namibia, tailed by Tanzania, Nigeria, Ghana, Malawi, Kenya, Cameroon, South Africa, Togo, Senegal, Côte I’voire, Lesotho, Zimbabwe and the Gambia respectively. “The implication of this result is that the impact of […]

Australia’s high wholesale electricity prices are the “new normal” and politicians need to be honest with voters about it, the Grattan Institute thinktank says. It says federal and state governments must tell voters that government intervention to keep ageing legacy assets – such as old coal-fired power stations – working is a poor long-term solution […]

Coal’s contribution to U.S. power generation has slipped to where it was before Donald Trump became president, despite his repeated vow to bring back the industry. The fossil fuel accounted for just 24 percent of America’s power mix in April, the lowest level since March 2016 and about half its market share when George W. […]

India: Coal-fired power plants, often regarded as polluting relics in an era of clean energy, are making a comeback in the government’s thinking as an official study says the rapid growth in solar projects needs to be matched with new investment in steady, 24×7 electricity supply from thermal projects. A study carried out by the power […]

According to the ECOWAS Commissioner for energy and mines, Sédiko Douka, only 40% of the population within west African region and the Sahel region have access to electricity supply. To overcome this shortfall, on Tuesday stakeholders in the energy sector gathered at a regional workshop in Ghana’s capital Accra, to develop modalities to implement the […]

LAHORE: Chairman Water and Power Development Authority (WAPDA) Lt Gen Muzammil Hussain (Retd) said on Monday that WAPDA is ready to fully support Maldives in development of its infrastructure in power sector. He was talking to a four-member delegation of Maldives State Electric Company (STELCO), headed by its Chairman Ahmed Aiman. The delegation is on […]

The Electricity Authority is standing its ground and pressing on with radical change to the way people pay for transmission of their electricity. At stake is the cost of funding 12,000 kilometres of high voltage wires, which carry power around the country. The annual fee for running this system is $918 million a year, or […]

New Delhi: Delhi electricity distribution company (discom) BSES on Monday announced it has entered into a significant cooperation agreement with state-run Business Finland for inducting state-of-the-art technology into the Indian distribution sector. BSES has signed a MoU with the Finnish government for infusing cutting edge technology, conducting research and knowledge sharing, the discom said in […]

For the first time since it began rating sectors, Moody’s Investors Service has downgraded its overall outlook of the U.S. utility sector. The rating agency dropped credit from stable to negative for 24 utilities and from positive to stable for one utility, American Electric Power Company. Moody’s said the change reflects uncertainties from the tax […]

The reform of the electricity sector in Ukraine is more important that the transformation of the gas sector, European Commission Vice President Maros Sefcovic said on Friday at a conference entitled “Electricity Sector Reform in Ukraine – Combining the Energy Transition & European Market Integration” held in Brussels. He said that today that the main […]

Wind and solar have a 50% chance for global energy generation by 2050, this is according to the Bloomberg New Energy Finance (BNEF)’s New Energy Outlook (NEO) 2018, published this week. This year’s outlook is the first to highlight the huge impact that falling battery costs will have on the electricity mix over the coming […]

About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF). The NEO report outlines information from […]