News

  • The Nepal government is gearing up towards generating hydropower energy from Bagmati River, one of its most reverent and religiously significant river, officials said on Sunday.
  • A MAJOR investor in the nation's new Electricity Distribution Companies described the graduated increase in Multi-Year Tariff Order (MYTO) as a serious disincentive to the Federal Government electrification programme.
  • ALTHOUGH Tanzanians enjoy the lowest electricity tariffs in East Africa, the government remains committed to further reduction to facilitate wider access to reliable energy for the majority of the people.
  • UK gas-to-power producer Alkane Energy Plc (LON:ALK) said today it had closed its acquisition of three power response companies, Darent Power Limited, Leven Power Limited and Rhymney Power Limited, from Carron Energy Limited and Dragon Generation Limited, together Carron Energy, for a total of GBP11.75m (USD20m/EUR15m).
  • NRG Energy, Inc. (NYSE:NRG), one of the largest solar companies in the U.S., today announced the acquisition of the 4 megawatt (MW ac) Spanish Town Estate Solar project on the island of St. Croix in the U.S. Virgin Islands (USVI) from Toshiba International Corporation (Toshiba). Once completed, the power will be sold to the U.S. Virgin Island Water and Power Authority (WAPA) under a 25-year power purchase agreement. The project also is expected to help the USVI achieve their renewable energy goals to reduce its fossil fuel based energy consumption by 60 percent over the next 10 years.
  • Power Construction Corp. of China, Ltd. (SHSE: 601669) plans to acquire hydropower and wind power survey & design assets from controlling shareholder Power Construction Corp. of China (PowerChina) through a share issue to further optimize industrial structure.
  • The Bayelsa State Government has signed a Memorandum of Understanding (MoU) with Proton Energy for the construction of a 500megawatts power plant in the state.
  • Juhl Energy, Inc. (OTCQB: JUHL, the "Company"), a leading provider of Clean Energy Solutions and the Leader in Community Wind Power, is pleased to announce today that the U.S. Army Corps of Engineers Sacramento District has awarded a $5.5 million contract to the team of Juhl Energy, Inc. (MN.), Aegis Renewable Energy (VT.), and Icenogle Construction Management Inc. (CA.) for the development, construction and installation of a 1.5 - 2 megawatt wind turbine at the Tooele Army Depot near Salt Lake City, Utah.
  • JBIC will provide over $202.9m of the 17-year loan, while the remaining amount will come from the BTMU.
  • Nuclear Power in Brazil, Market Outlook to 2025, Update 2014 Capacity, Generation, Deployment Trends, Investments, Power Plants, Regulations, and Company Profiles" is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the nuclear power market in Brazil.