English Edition

British Energy Restarted 620MW Torness Nuclear Power Unit Wed

British Energy Restarted 620MW Torness Nuclear Power Unit Wed

The U.K.'s largest nuclear power generator, British Energy Group PLC (BGY.LN), restarted one of its two reactors at the Torness nuclear power station Wednesday after having shut it down to repair a hydrogen leak.

RWE Agrees Pacts With WestLB For Potential Elmu Stake Buy

RWE Agrees Pacts With WestLB For Potential Elmu Stake Buy

German utility RWE AG (RWE.XE) said it has entered options agreements with German bank WestLB AG over the acquisition of a stake in Hungarian power distributor Budapest Elektromos Muvek Nyrt. (ELMU.BU), or Elmu, equivalent in size to a stake in the firm that the city of Budapest plans to sell.

Uzbekistan To Up Natural Gas Price To Russia By 50%-AFP

Uzbekistan To Up Natural Gas Price To Russia By 50%-AFP

Uzbekistan will charge Russia up to 50% more for natural gas exports in 2008, the Russian daily Gazeta reported on Thursday, citing a report by an Uzbek investment company.

Palestinian Police Seal Off Parts Of West Bank For Bush Visit

Palestinian Police Seal Off Parts Of West Bank For Bush Visit

Palestinian police sealed off large parts of this West Bank city Thursday in an unprecedented operation to secure U.S. President George W. Bush's first-ever visit to the sometimes volatile Palestinian territories.

Greeces PPC Eyes New Joint Venture For 880MW Power Plant

Greece's PPC Eyes New Joint Venture For 880MW Power Plant

ATHENS (Dow Jones)--State-controlled Greek electric company Public Power Corporation SA (PPC.AT) said Wednesday it aims to proceed with the construction of an 880 megawatt power in joint venture with a local steelmaker.

Bulgaria NEK Confirms 5 Bids For Belene Nuclear Plant Stake

Bulgaria NEK Confirms 5 Bids For Belene Nuclear Plant Stake

PRAGUE (Dow Jones)--Bulgarian national power generator and grid operator NEK EAD confirmed Wednesday that it has received five non-binding bids to acquire a 49% stake in a nuclear power plant under construction near the northern city of Belene.

Gazprom Increases Gas Supplies To Turkey, Greece

Gazprom Increases Gas Supplies To Turkey, Greece

LONDON (Dow Jones)--Russian gas monopoly OAO Gazprom (GAZP.RS) said Wednesday that it has increased gas supply to Turkey and Greece, in response to requests made at the end of December.

Russian Stabilization Fund RUB3.849 Trillion Jan 1 - Report

Russian Stabilization Fund RUB3.849 Trillion Jan 1 - Report

MOSCOW (Dow Jones)--The assets in Russia's Stabilization Fund rose to RUB3.849 trillion rubles ($157.50 billion) as of Jan. 1, up from RUB3.517 trillion the previous month, Interfax news agency reported Wednesday, citing a release from the Finance Ministry.

WSJE:Kazakhstan, Oil Co Consortium Mtg For Jan 11 Postponed

WSJE:Kazakhstan, Oil Co Consortium Mtg For Jan 11 Postponed

What was supposed to be a decisive meeting scheduled for Friday to resolve the long-running dispute between the government of Kazakhstan and a consortium of foreign oil companies developing the massive Kashagan field has been postponed, according to people close to the negotiations.

German Power Regulator Sees Bottlenecks In Transmission Grids

German Power Regulator Sees Bottlenecks In Transmission Grids

FRANKFURT (Dow Jones)--Germany's electricity grid regulator, the Bundesnetzagentur, Wednesday said delays in approval procedures for investment in power transmission networks could result in supply bottlenecks and rising power prices.

Aktor, Terna Pull out of Sofia Metro

Aktor, Terna Pull out of Sofia Metro

Aktor, a unit of Hellenic Technodomiki, and Terna have pulled out of a –185 million tender to build a section of the Sofia subway.

Euro Changeover Success in Cyprus

Euro Changeover Success in Cyprus

The switch to the euro currency in Cyprus and Malta this year has so far been successful, European Union Monetary Affairs Commissioner Joaquin Almunia said yesterday.

Iranian Gas Flow Cut to Last

Iranian Gas Flow Cut to Last

Turkey expects a cut in its natural gas imports from Iran to last a long time while Russia, another key energy provider, is unable to allocate additional supplies, a senior Energy Ministry official said yesterday.