According to the auditing company KPMG, the Russian power sector will require a colossal injection of funds, amounting to US$550bn by 2020, in order to repair and modernise dangerously old equipment. However, it warns that even this sum will not be enough to purchase new equipment, according to Yekaterina Tripoten from Sovlink, an independent financial …
The Sultanate of Oman, made wealthy by capitalising on its substantial oil reserves, is now looking to invest a healthy chunk of its earnings into additional power generation to meet the rising demand triggered by growing industrial activity. According to Mohammed bin Abdulla al-Mahrouki, the head of the country’s General Electricity Authority for Electricity and …
Power Grid Corporation of India has announced that it will invest INR500bn (US$10.85bn) in developing seven transmission corridors across the country over the next five years. This will enable more efficient use of around 55,000MW of power, generated from independent power producers and merchant power plants in Chhattisgarh, Orissa and Jharkhand. A PGCIL executive said …
South Korea’s Samsung C&T and the state-run Korea Electric Power Corp are looking to invest US$6bn in a renewable power project in Ontario, Canada. The proposed wind and solar clusters are expected to generate around 2.5GW of power by 2016, enough to meet around four per cent of the province’s electricity demand. According to Samsung, …
Tata Power’s efforts to expand its generating capacity by more than fourfold, as part of a national drive to help solve India’s widening power-demand-supply gap, are certainly not cheap, by any means. In a recent interview with Dow Jones Newswires, the company’s Finance Director Sowmyan Ramakrishnan said that: “We have close to 6,000 megawatts (of …
The country of Morocco has announced that it is now seeking bids for the first of its five planned concentrating solar power projects, which were initially announced in 2009 and estimated at US$9bn, with a combined capacity of 2GWp. The projects are scheduled for completion by 2020. The first of the CSP stations will be …
The UK government has approved around 14GW of new gas-fired generation according to New Power, an industry journal. This is highly significant given, that the National Grid has reported that the nation’s current gas-fired capacity is around 25GW. Although coal’s share of the country’s generation mix has been on the rise, it is expected to …
According to a local Arabic daily newspaper, a number of Qatari and foreign investors are currently in serious talks to launch an ambitious US$1bn solar power project within the country. The idea was first mooted in May 2009 at an exhibition and since then 25 investors have emerged as potential partners for the project. The …
As China’s government put in place a US$586bn stimulus package and fuelled investments in renewable energy, the nation raised its power requirement by six per cent, climbing to 3.6bnMWh in 2009, according to the National Development and Reform Commission. The growth rate at 0.47 percentage points is not low considering the country saw YoY decreases …
The build-up towards the UK’s first new reactors in decades was discussed at Marketforce’s recent conference. IFandP brings you the details.
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Date:
05 Mar 2012 to 09 Mar 2012
Location:
Hilton Americas, Houston, Texas, USA
Date:
27 Mar 2012 to 29 Mar 2012
Location:
Guoman Tower Hotel, London, UK
Date:
29 Mar 2012 to 30 Mar 2012
Location:
Beijing, China
Date:
16 Apr 2012 to 20 Apr 2012
Location:
Raffles City Convention Centre, Marina Bay Sands, Singapore
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