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Category: Global News

Global NEWS

Germany’s largest energy companies set out opposing views on how to profit from selling electricity in their 22 billion-euro ($27 billion) reshuffling of the industry. In the second major restructuring of the utility business in as many years, EON SE and RWE AG are struggling to cope with Chancellor Angela Merkel’s drive to slash fossil […]

Southern California electricity provider NRG Energy announced that it will retire three natural gas-fired power plants across Southern California over the next 10 months. The announcement comes as California residents ramp up opposition to fossil fuel fired power plants as the state continues to make progress toward its bold renewable energy generation goals. Published in […]

Five of the electricity Distribution Companies (DisCos) have failed to pay completely for over N16.2 billion electricity delivered to them by the Generation Companies (GenCos) in December 2017 as the electricity market performance crashed to 8 per cent, a report has shown. The Nigerian Bulk Electricity Trading Plc (NBET) report also showed that two other […]

Kolkata: India’s daily average spot electricity price has nearly doubled over the last one month and is close to Rs 5 per unit, according to executives of India Energy Exchange, the country’s biggest electricity exchange. Published The Economic Times, 13th March, 2018 https://economictimes.indiatimes.com/industry/energy/power/spot-power-price-nearly-doubles-in-past-1-month/articleshow/63278314.cms

The Federal Government and some of electricity Generation Companies (GenCos) are set for a collision over the recently filed law suit on poor payment on the energy they generated in the past. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, at the 25th monthly power sector meeting held in Uyo, Akwa Ibom, yesterday, […]

WA’s energy minister has been accused of curbing his support for more competition in the electricity market in a bid to appease unions. Ben Wyatt has softened on plans to end the monopoly of the state’s major electricity supplier Synergy, however has continued to support an open market for regional supply in WA’s north. Published […]

The three big electricity companies with operations in Spain, namely Iberdrola, Gas Natural Fenosa and Endesa, earned 5.627 billion euros in 2017, up 3% from a year earlier. The companies clocked up this increase in profits despite the fact that 2017 was a year marked by scant hydroelectric resources in Spain and by the difficult […]

NEW DELHI — India and France have joined hands to spearhead a global “solar revolution” with an aim to generate one terawatt of energy by 2030, an ambitious goal that requires $1 trillion in funds. “There are financial and regulation hurdles and capacity hurdles,” said visiting French President Emmanuel Macron at the founding conference of […]

Uzbekistan’s President Shavkat Mirziyoyev visited Tajikistan on March 9-10 for the first time in his inaugural term in office. During the visit, he opened up the possibility of dropping longstanding objections to the construction of a large hydropower plant near Dushanbe in a landmark event that could now shape a new path for regional relations […]

The provincial government has reached a settlement with Enmax, ending a legal battle dating back almost two years after the city utility tried to return a money-losing electricity contract to the government. Published in Calgary Herald, 11th March, 2018 http://calgaryherald.com/business/energy/province-enmax-settle-lawsuit-surrounding-return-of-electricity-contract

The Hayward City Council has voted to move customers off electricity supplied by PG&E and onto entirely carbon-free sources of energy generation. City officials said the vote means Hayward is now the largest Bay Area jurisdiction to opt for 100 percent carbon-free electricity. Published in SF Gate, 9th March, 2018 https://www.sfgate.com/news/bayarea/article/Council-Votes-To-Move-Off-Pg-E-Electricity-Supply-12740445.php

Turkey saw power generation plants with 5,840 megawatts (MW) of capacity being taken into operation last year with an investment of approximately $6.2 billion, according to Energy and Natural Resources Ministry data released yesterday. Turkey’s installed capacity in electricity increased to a total of 85,200 MW as of the end of last year, the data […]