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20.03.2017 11:31Beijing Closed Last Coal-Fired Power Plant
The Huaneng Beijing thermal power plant, which started operating in 1999, had five coal-fired units with a total installed capacity of 845,000 kilowatts and a heating capacity of 26 million square meters, news.com.au reported. Following its closure15.03.2017 16:54EON Posts €16 Bn Loss
German utility EON posted a net loss of EUR 16 bn for 2016, more than double the loss for 2015, on the back of writedowns on power generation and higher provisions for Germany’s nuclear clean-up. But it said that its adjusted earnings before15.03.2017 14:35Bucharest Water Utility Changes Tariff Structure
Local company Apa Nova, which provides sewerage and water supply in Bucharest, announced yesterday that it would change the tariff structure in the next period. The sewage costs will increase by over 90% whereas the water supply costs will go down,14.03.2017 17:44Share of Renewables in Energy Consumption in the EU Still on the Rise to Almost 17% in 2015
In 2015, the share of energy from renewable sources in gross final consumption of energy reached 16.7% in the European Union (EU), nearly double 2004 (8.5%), the first year for which the data are available. The share of renewables in gross final13.03.2017 17:08EC Invites Comments on Gazprom Commitments Concerning CEE Gas Markets
The European Commission (EC) invites comments from all interested parties on commitments submitted by Gazprom to address the Commission's competition concerns as regards gas markets in Central and Eastern Europe. The commitments will enable cross-border13.03.2017 11:07Second Turkish Stream Line Dependent on Interest of Gazprom European Partners
Energy is a priority area in our cooperation, Russia reliably supplies Turkey with energy sources, Russian President Vladimir Putin said during a joint press conference with Turkish President Recep Tayyip Erdogan on Friday. Putin outlined existing10.03.2017 10:55Engie Sells UK Shale Gas Portfolio to Ineos
Ineos said March 9 it completed the acquisition of the entire UK onshore shale exploration portfolio of French utility Engie, comprising minority stakes in 15 licences. It increases Ineos’s total UK shale acreage to over 1.2mn acres, making09.03.2017 16:39EBRD Earmarks €300 Million for Renewable Energy projects in Greece
The EBRD announced that its Board of Directors has approved a framework committing up to €300 million to finance renewable energy investments in the country. The facility will finance investments in electricity generation from renewable sources08.03.2017 17:28EDF Goes for a EUR4 Bn Capital Increase
French state-owned utility EDF launched a planned 4 billion euro capital increase on Tuesday as its shares traded near all-time lows of 8.83 euros in mid-January due to low power prices and a series of unexpected closures of its French nuclear plants07.03.2017 15:51Vattenfall Sees Challenging But Promising Year Ahead
Vattenfall's nuclear power plants performed well in 2016, with a high level of availability and stable generation, according to Torbjörn Wahlborg, head of generation at the Swedish utility. "But 2017 can be an even better year if we continue07.03.2017 13:18IEA: Global Oil Supply to Lag Demand after 2020 Unless New Investments Approved
Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency. The global07.03.2017 11:16OMV Buys Uniper Stake in Russia's Yuzhno Russkoye Gas Field
Austria's OMV announced late March 5 it has signed an agreement to buy a 24.99% share in the Yuzhno Russkoye gas field from Germany's Uniper, as reported by Natural Gas Europe. OMV has agreed to pay EUR 1.749bn plus cash on the balance sheet per
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