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Category: Global News

Global NEWS

Net domestic production of electric power in Albania almost doubled y/y in the first quarter of 2018 to reach 3,213 GWh, up from just 1,588 GWh in the same period of 2017. Albania and other countries in the Western Balkans were hit by drought last year, resulting in a sharp fall in hydropower production; Montenegro’s […]

TOKYO— Kansai Electric Power Co. on Monday submitted to the industry ministry a plan to cut its electricity rates for households and institutional users by 5.36 percent on average on July 1. The price cut reflects a decrease in thermal power generation costs following the reactivation of the No. 3 and No. 4 reactors at […]

Kathmandu: Electricity generation in the country surged by 7.4 per cent in the first eight months of the current fiscal 2017-18 as compared to the corresponding period of the previous fiscal 2016-17. The ‘Economic Survey 2017-18’ released by the Ministry of Finance (MoF) today reveals that 1044.6 megawatts of electricity was generated in the review […]

Electricity distributor Kenya Power has signed a power purchase agreement (PPA) with French renewable energy firm Voltalia for a 50-megawatt solar project located in Kopere, Nandi county. The 20-year power sale contract at an undisclosed price will see the French firm use the expertise of its teams based in Portugal for both construction and operation […]

ADDIS ABABA- Ethiopia has increased its electricity generation capacity 11-fold during the last 27 years, an Ethiopian official said on Friday. Azeb Asnake, CEO of Ethiopian Electric Power (EEP), said Ethiopia has managed to increase its electricity generation from 380 Mega Watts (MW) in 1991 to around 4,300 MW currently, reported state affiliated media outlet […]

The Lesotho Electricity and Water Authority (LEWA) has informed the Electricity Supply Industry (ESI) stakeholders and the general public that the Lesotho Electricity Company (LEC) has filed a tariff application modification for a review of electricity services tariffs for the Financial Year 2018/19. According to LWEA, this application is in line with Section 24 of […]

Spot power prices are increasing across the country due to increase in demand of power in the states including Rajasthan. In last few days the spot rates of power have increased from Rs5 per unit to Rs8 per unit on an average across the country. This is having its affect felt on the electricity companies […]

A study from the International Energy Agency (IEA) has found that only four of the 38 energy technologies and sectors examined last year were on track to achieve long-term climate and air pollution targets. The study included energy technologies such as solar, wind, nuclear, coal and gas, as well as energy-intensive sectors including transport, chemicals […]

Market research firm Frost & Sullivan announced the release of its Global Power Industry Outlook. The report forecasts solar and wind to dominate power generation additions through to 2021. The global power industry is expected to invest $2.20 trillion in energy generation between 2017 and 2021. Increases in renewable energy adoption and growth of the […]

SINGAPORE: While advocating consumption of renewable energy, experts have emphasised the need for changes in regulatory framework and installing state-of-the-art power grids with hybrid transmission and distribution connection to avoid blackouts. “We need robust, hybrid and micro grids for reliability and market reach,” said Dr Damir Novosel, President of Quanta Technology, a utility infrastructure consulting […]

NEW YORK – Vistra Energy Corp and Dominion Energy Inc – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants. Instead, they are building large solar plants, which offer plentiful and inexpensive electricity. This bearish view of fossil-fuel […]

NAIROBI/MAPUTO. – The Government of Mozambique has signed a Memorandum of Understanding (MoU) with Great Lakes Africa Energy (GLAE) to generate electric power using natural gas for domestic use at an estimated value of US $400 million. The agreement signed last Friday in Maputo, Mozambique with GLAE, a United Kingdom registered Pan African energy solutions […]