Saudi Electricity Company, together with GDF Suez, Sojitz Corp and the Jomaih Holding Group are to build and operate a 1730MW gas-fired power plant in Saudi Arabia, to be commissioned in two years time.
France’s GDF Suez (Paris: GSZ.PA) has been awarded a US$1.7bn contract to build and operate two power plants in Oman. GDF will own a 46 per cent stake in each of the independent power projects, which have a combined capacity of 1500MW. Under the 15-year agreement, GDF will sell the power generated by the Barka …
While in neighbouring South Africa the FIFA World Cup kicks off, Namibia will switch on its new Caprivi power line.
NamPower’s managing director Paulinus Shilamba said the NAD3.2bn (US$420m) Caprivi interconnector is currently undergoing live testing. The link will connect Namibia directly with its northern neighbours and limit power imports from South Africa. The electricity for …
In many ways, it seems that 2010 could be argued to be a year in which China has well and truly occupied centre stage and with the possible exception of the World Expo currently under way in Shanghai, much of this has been generated by the country’s vast efforts to build for itself modern, clean and efficient infrastructure. In this article, IFandP takes a look at recent developments in China’s power sector and their wider ramifications.
Over the next decade, Saudi Arabia plans to spend US$80bn on expanding its power generation capacity and transmission network.
“Two-thirds of the funding will be by Saudi Electricity Co,” Saleh H Al-Awaji, deputy minister for electricity and acting chairman of the state-controlled utility. “One-third is expected to come from private investors.”
To meet a projected annual demand …
State-owned power utility Electricidade de Mocambique (EDM) plans to spend US$289m on an electrification programme by 2013, according to its CEO Manuel Cuambe. The programme would cover electrification in 115 districts.
The company wants to improve electricity distribution in the country, where less than two in 10 people have access to the power grid, one of …
Venezuela’s Electricidad de Caracas CA (EDC), which provides electricity to the capital Caracas, has announced it will suspend power to 80 businesses on Monday. According to reports in the local press, the companies, which include Sony Corp’s (SNE) local unit, failed to reduce electricity demand by 20 per cent or more as decreed by President …
According to official statistics, Chinese power generation in the first two months of this year rose by an impressive 22.1 per cent. However, the scale of the increase may have been exaggerated thanks to a low base figure from 2009. The bulk of the increase also came from January, which recorded a 39.5 per cent …
The Japan Bank for International Cooperation (JBIC) has agreed to lend US$943m to two independent power projects in Indonesia.
The Bank has signed an agreement to loan US$729m to PT Paiton Energy for an 815MW expansion of a coal-fired project in East Java costing around US$1.5bn. Paiton currently runs a 1230MW coal-fired plant and has US$486m …
Unless stated otherwise, all prices are for the close of March 4.
Brent crude oil futures: US$78.97/bbl, up 0.6 per cent, as of GMT 9:00, March 5
WTI crude oil futures: US$80.67/bbl, up 0.4 per cent, as of GMT 9:00, March 5
German power: €47.53/MWh, down 0.46 per cent
Coal: €91.75/t, down 1.45 per cent
Natural gas: GB 29.85p/therm, down …
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Date:
30 Jun 2010 to 01 Jul 2010
Location:
Manchester, UK
Date:
27 Sep 2010 to 28 Sep 2010
Location:
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Date:
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Date:
02 Nov 2010 to 04 Nov 2010
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Singapore
Our first quarterly magazine features the best articles from the first three months of 2010