Drax, the owner and operator of the UK’s largest coal-fired power station has announced that has started feasibility studies into the use of carbon capture and sequestration (CCS) after joining talks with the regional development agency to help develop its GBP2bn carbon cluster project. This would involve the creation of a network of major industrial …
Speaking in his annual budget speech to India’s parliament, finance minister Pranab Mukherjee has said that a clean energy tax of INR50/t (US$1/t) will be levied on all domestically-produced or imported coal. The resulting revenue will be put into a new national renewable energy fund. Mr Mukherjee also announced a number of tax breaks designed …
Sources have reported that Huadian Power International Corp, China’s largest independent power producer, has said that its net profit for 2009 may be in the CNY1.1-1.3bn range (US$161-190m) as a result of a drop in thermal coal prices and a rise in electricity tariffs. According to Chinese Accounting Standards, the company made a net loss …
RWE AG, Germany’s second largest utility, has been forced to cut its earnings growth forecast as a result of delays in the commissioning of new power plants, as well as oil and gas projects.
The company has stated that its recurrent net income will grow by an average of around five per cent a year for …
Despite being the world’s third largest producer of uranium, Australia’s Prime Minister Kevin Rudd has ruled out nuclear power as part of the country’s energy mix.
“”Australia has multiple other energy sources and we will not be heading in the direction of civil nuclear power,” Rudd told reporters in Canberra.
He went on to remark that Australia …
Drax, the UK’s biggest power station, has chosen to withdraw a pledge to reduce its CO2 emissions by 17.5 per cent (3.5Mta), despite investing GBP80m in a processing unit which would have allowed it to replace a significant proportion of the coal it uses with biomass and buying 2Mt of biomass. The decision is due …
In a move that could have lasting implications for the future of new coal-fired power stations, the White House Council on Environmental Quality has announced draft guidelines, which will require federal agencies to analyse potential environmental health impacts, prior to the approval of major projects. The guidelines will for the first time set uniform standards …
According to Datuk Amar Awang Tengah Ali Hasan, the Sarawak Public Utilties Minister, Sarawak Energy Bhd (SEB) has completed technical studies for five proposed hydroelectric dams, which together represent over 3000MW of generating capacity.
The dams will be situated at Balleh (1400MW), Pelagus (410MW), both in the upper Rejang River basin in central Sarawak, Baram (1200MW), …
Australia’s power sector is heading for an AUD22bn (US$19bn) bill as it seeks to refinance debt over the next two years as well as uncertainty about carbon prices hurting investment.
Around 80 per cent of the country’s electricity is generated by coal-fired plants, which are facing rising costs for their operators as some form of carbon …
Bangladesh is inviting foreign investors to raise US$7bn to boost the country’s electricity generation and consequently, accelerate its economic development.
Shortfalls in natural gas supply and technical constraints limit national power production to a maximum of 3700MW while the country’s peak hour demand surpasses 5000MW, according to officials. Electricity consumption has been growing by 7.5 per …
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