Unless stated otherwise, all prices are for the close of February 3.
Brent crude oil futures: US$75.30/bbl, down 0.8 per cent, as of GMT 9:00, February 4
WTI crude oil futures: US$76.42, down 0.6 per cent, as of GMT 9.00, February 4
German power: €48.50/MWh, down 0.06 per cent
Coal: €93.25/t, no change
Natural Gas: GB 35.60p/therm, down 0.28 per …
Uganda’s Electricity Regulatory Authority (ERA) has indicated that it expects the country’s power generation grow by 8.6 per cent YoY in 2010, principally as a result of rising investment in hydropower, coupled with rapidly growing demand. The country boasts the third- largest economy in East Africa and is benefiting from heightened interest from foreign investors …
The Middle East and Africa have generated around 1264TWh of power in 2009, according to estimates by Companies & Markets. Of this total, around 96.5 per cent or 1158TWh has been produced by thermal power stations. The market analysts are forecasting an increase in regional generation to 1659TWh by 2014, a rise of 31.3 per …
The race to win the contact to build, own and operate the proposed US$2.3bn 2400MW Ituango hydroelectric power station, to be built 170km north of Medellin, Colombia, looks set to intensify as two new companies have prequalified. According to the Colombian Investment Promotion Office, these are China Three Gorges Corp, the operator of the world’s …
Uranium oxide spot prices held steady in the week ending February 1 at US$42.50/lb, according to UxConsulting. Tradetech quotes a slightly lower price, US$42.25/lb on January 31, noting that the Exchange Value is now at its lowest level since March 2009.
However, the spot price has slipped by around US$2.00 over the past month, reflecting the …
After more than a year of debate and division, the EU agreed how to split a multi-million euro funding package to help develop advanced renewable power or carbon-trapping technology. The agreement is seen as a vital step in ensuring that the EU remains competitive in the race against China and the US to dominate low-carbon …
A bilateral pact between Kenya’s President Kibaki and Ethiopia’s Prime Minister Meles Zenawi is to speed up interconnection of the national power grids between the two countries.
The interconnection will enable Kenya to access additional power supplies to boost its wavering generation which is dependent to weather patterns. Kenya needs the extra supply to power its …
Beacon Power Corporation is looking to build its first full-scale 20MW flywheel energy storage plant at Stephentown, New York. Construction is underway and the company is intending to hire 50 new employees to further its goals. Systems like those being offered by Beacon Power will be needed increasingly in the years ahead as grid operators …
Under President Barack Obama’s 2011 budget request, the US Energy Department will be allocated US$36bn in loan guarantees for the construction of new nuclear plants, doubling the previous loan guarantee programme. The step would sharply reduce the financing cost of capital-intensive nuclear plants and kickstart an additional six or so nuclear power plants, according to …
New statistics published by the European Wind Energy Association (EWEA) reveal that more new wind power capacity was installed in the EU in 2009 than any other electricity-generating technology. Of all new capacity installed in 2009, 39 per cent related to wind power, followed by gas (26 per cent) and solar photovoltaics (16 per cent). …
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