The World Bank has approved an International Development Association (IDA) credit of $40 million to improve Madagascar’s electricity sector governance and operations. The Madagascar Electricity Sector Operations and Governance Improvement Project (EGOSIP) will help ensure full implementation of the Performance Improvement Plan of the national power utility, JIRAMA, that has been prepared in 2016, in […]

ERBIL– Iraq’s 2018 national election winner and influential Shia cleric on Friday, expressed his support for the privatization of the country’s power sector to help address its chronic electricity shortages. Muqtada al-Sadr, leader of the Sairoon Coalition, suggested privatizing Iraq’s electricity supply system to ease the burden of production on the government. “There have been […]

CAIRO: Egypt is further cutting electricity subsidies, raising average prices by around a quarter, Electricity Minister Mohammed Shaker announced Tuesday, as it moves forward in a sweeping economic reform programme. The subsidy cuts are the latest step in an electricity prices restructuring plan launched in 2014, with the new prices taking effect from July 1. […]

Power sector employees across India have been opposing the Electricity (Amendment) Bill 2014 — which seeks to extend privatisation to the distribution of electricity — ever since it was first introduced. Protests began again last year following news reports that the BJP-led NDA government was planning to reintroduce the Bill in Parliament. Now, unions of […]

Most Romanian companies operating in the electricity and gas sectors – producers, transporters or distributors – expanded their businesses in 2017 and posted higher profit margins, but only two of them – state-owned Hidroelectrica and Romgaz – reached the threshold of EUR 1 billion in turnover, according to Ministry of Finance data. Published in Business […]

The Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the electricity sector represents the main source of carbon dioxide emissions from petroleum products consumption, accounting for 43.3% of total emissions, followed by the transport sector at 18.5%, the industrial sector at 15.4%, the domestic and commercial sectors at 8.2%, and other sectors accounting […]

As Nigeria celebrated Democracy Day last week, organised labour restated the call for the reversal of the privatisation of the power sector. The United Labour Congress (ULC), reacting to President Muhammad Buhari’s speech on Democracy Day, said the power sector has failed Nigerians. President of the ULC, Joe Ajaero, said the congress restates for the […]

YERUSHALAYIM -In a history-making session, the Israeli cabinet put an end to the Israel Electric Corporation monopoly by unanimous vote on Sunday. It took 22 years and one last, stormy cabinet meeting, but the deed was finally done, scaling back the IEC and opening the sector to competition from private electricity producers. “The reform paves […]

Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that would represent an unprecedented intervention into U.S. energy markets. The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators […]

Myanmar has some of the lowest electricity rates in the world. However, connecting and supplying power to the millions of people who will drive Myanmar’s development is a huge endeavour, one that requires the commitment of tremendous financial resources from the state, companies and international donors. But as important is the public’s awareness of what […]

VIENNA – Austrian gas and oil group OMV (OMVV.VI) has agreed to sell its gas power plant Samsun in Turkey to Turkish investment company Bilgin Enerji, pulling out of electricity generation in the country. The sale is subject to regulatory approval in Turkey and expected to close in the fourth quarter, OMV said on Wednesday, […]

India: The Central Electricity Regulatory Commission (CERC), which determines tariffs for plants that sell power at ‘cost-plus’ systems, has proposed to introduce a ‘three-part tariff’ structure from the existing ‘two-part’ regime. The regulator has suggested the changes in the recently launched approach paper for the tariff period between FY19-24. The existing two-part tariff structure for […]