News & Announcements

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West African power sector needs $25bn investment

Nov 22 - Daily Trust (Nigeria) - West Africa's power sector needs an estimated investment of $25 billion (N3.88trillion) in 10 years to have a reliable and consistent power supply in the industry, Minister of Power, Prof. More...

Turkey and US sign wind power deal

Nov 22 - Pan African News Agency - Turkey and the US have signed a memorandum of understanding which aims to increase their co-operation on wind power. More...

Brookfield buying renewable portfolio, including hydropower, in Brazil

Nov 22 - Pan African News Agency - Brookfield Renewable Energy Partners LP is buying a 488-MW renewable energy portfolio in Brazil, including 163 MW of hydropower, from Energisa S.A. More...

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Centrica warns warm weather will hit profits

Nov 22 - Herald, The (Scotland) - SCOTTISH Gas owner Centrica has warned its profits for this year will be hit by a warmer than expected autumn. More...

Vietnamese contractors to join Ninh Thuan 1 nuclear power project

Nov 22 - Pan African News Agency - The feasibility study of the Ninh Thuan 1 nuclear power plant was handed over by Rosatom, the holding company of ASE, which will act as the general contractor of the project, to Electricity of Vietnam (EVN), the Vietnamese investor, in October 2014. More...

Ghana to build $3 million hydroelectric plant

Nov 22 - Forexpros - Government will soon be building 60 megawatts hydroelectric power plant in the Western Region to augment the current energy needs of the country. More...

Fires, leaks and long delays add up to toxic week for nuclear power

Nov 22 - Observer (UK) - The nuclear industry has had a bad week, ending with a report on Friday from the Dounreay plant in the north of Scotland of "unacceptable staff behaviour" and an unauthorised radioactive release. More...

Russia grants $270mn loan for upgrading Armenian nuclear power plant

Nov 23 - IntelliNews - Weekly Reports - Russia will provide Armenia with a loan of $270mn for major repairs of the second unit of the Armenian nuclear power plant in Metsamor, news agency ARKA reported on November 19 citing Finance Minister Gagik Khachatryan. More...

China 2020 Installed Nuclear Power Capacity to Hit 58mn KW

Nov 20 - Sinocast Energy Beat (China) - State Council General Office formally released energy development strategic action plan for 2014 to 2020 in the morning on November 19. More...

BHP Billiton Plans Shareholder Vote On Proposed Spin-off In May 2015

Nov 19 - dpa-AFX International Compact - Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L) announced Thursday that it intends to hold a extraordinary general meeting for shareholder vote in May 2015 on its proposed spin off of its less profitable assets such as aluminium, coal, manganese and silver assets, into a separate public-listed company. More...

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