Utility company UIL Holdings (NYSE: UIL) announced that it will buy three natural gas companies in the northeastern US for US$885m from Iberdrola USA.
The acquisition of Southern Connecticut Gas Co, Connecticut Natural Gas Corp and the Berkshire Gas Co will create an energy delivery company that will serve 694,000 customers.
The purchase follows last month’s PPL …
Norway’s aluminium giant Norsk Hydro ASA (OSLO:NHY) plans to invest NOK2bn-3bn (US$308-460m) in new hydropower projects in the next five to six years, said its head of energy Ola Saeter.
Although the company has not invested in hydropower in Norway in recent years due to the financial crisis and subsequent strong decline in aluminium demand, it …
The European Commission has published proposals to increase the European Union’s goal of reducing greenhouse gas emissions to 30 per cent by 2020, from 1990 levels.
In a communication entitled “Analysis of options to move beyond 20% greenhouse gas emission reductions and assessing the risk of carbon leakage,” it sets out the case for the higher …
Solar energy developer and private equity firm First Reserve Corp has secured up to US$1.5bn in funding for solar power projects through a joint venture. The majority of which is expected to be used to build new SunEdison solar photovoltaic energy projects in the US, Italy, Spain and Canada, with an initial commitment of US$167m. …
Unless otherwise stated, all prices are for the close of May 25.
German power: €51.81/MWh, up 1.35 per cent
Coal: €97.50/t, down 3.23 per cent
Natural gas: GB38.75p/therm, down 3.61 per cent
EUAs for December 2010 delivery: €15.20/t, down 1.43 per cent
CERs for December 2010 delivery: €12.43/t, down 1.89 per cent
Brent crude oil futures for front-month 2010 delivery: US$71.11/bbl, …
Hungary’s largest electricity traders and eight smaller companies have made a declaration of intent to join the Hungarian power exchange, expected to start on July 1, 2010.
The state-owned Hungarian Electricity Works (MVM) and the Hungarian subsidiaries of Gas de France (GdF) and Electricité de France (EdF), the Czech CEZ and Germany-based RWE indicated their intent …
Venezuela said it is increasing its use of thermal power, enabling it to ease a drought-induced power-rationing programme as the dry weather affected its hydroelectric plants, which supply two-thirds of the nation’s power. Rationing has been called off in several areas during the weekend, holidays and non-peak hours with plans to eliminate it completely by …
The uranium oxide spot price fell by US$0.75 to US$40.75/lb during the week ended May 24 after remaining stable the previous week, according to Ux Consulting Company. The same price was noted three days earlier by TradeTech on May 21.
Eight transactions were concluded during the week with a non-US utility buying 300,000lb U3O8 equivalent. However, …
China Huaneng Group, the Middle Kingdom’s largest power utility, has agreed to purchase 1800MW of wind turbines from six domestic manufacturers for CNY8.06bn (US$1.2bn), A framework agreement has been signed between all the involved parties. The suppliers involved in the deal are Sinovel Wind Group Co, Shanghai Electric Group, Dongfang Electric Corp, China Shipbuilding Industry …
The Guardian newspaper has reported that China is increasingly looking towards the Himalayas as the next area for large-scale hydropower development. Zhang Boting, the deputy general secretary of the China Society for Hydropower Engineering, told the daily that research had been carried out on a massive dam across the Yarlung Tsangpo/Brahmaputra river which would benefit …
You need to register as a member To read the full article and make a comment. Already a member? Login here.
Date:
02 Aug 2010 to 05 Aug 2010
Location:
Grand Copthorne Waterfront Hotel, Singapore
Date:
15 Aug 2010 to 18 Aug 2010
Location:
Saskatoon, Manitoba, Canada
Date:
13 Sep 2010 to 14 Sep 2010
Location:
Málaga, Spain
Date:
27 Sep 2010 to 28 Sep 2010
Location:
Marriott Regents Park, London, United Kingdom.
Our quarterly magazine features the best articles from ifandp.com. Login to read the latest issue online.