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CEZ To Build 50 Electric Car Charging Stations In 2011

CEZ To Build 50 Electric Car Charging Stations In 2011

Czech-based power utility CEZ AS (BAACEZ.PR) plans to open 50 charging stations for electric cars across the Czech Republic this year, as it launches an electric mobility pilot project, a top executive said Tuesday.

PPC Says 21 Groups Interested in World’s Biggest Solar Park

PPC Says 21 Groups Interested in World’s Biggest Solar Park

Public Power Corp SA (PPC),Greece’s biggest electricity producer, said 21 companies expressed interest in being a strategic partner for renewable energy investments, including the biggest solar project in the world.

Wind in Egypt Presses On

Wind in Egypt Presses On

Less than two months after former President Hosni Mubarak was forced out of office, the transition government now aims to push ahead with stalled plans to build new wind farms in the Gulf of Suez.

North Sea Oil Leak Cap May Fail in Deep Waters

North Sea Oil Leak Cap May Fail in Deep Waters

Britain's new multi-million-pound wellhead capping device to prevent oil leaks may not be strong enough to tackle blowouts on wells in the deepest waters around the British Isles, it is claimed.

Tamar Gas Field Partners Close To Securing $750 Mln Loans

Tamar Gas Field Partners Close To Securing $750 Mln Loans

Isramco Negev 2 LP (ISRA.L.TV), one of the partners in the Tamar natural gas field offshore Israel, said Monday the partners in the project are close to obtaining loans for $750 million to help with production of gas from the field.

GDF Suez To Supply 2.5M Tons Of LNG To Petronas Over 3.5 Yrs

GDF Suez To Supply 2.5M Tons Of LNG To Petronas Over 3.5 Yrs

French utility giant GDf Suez SA (GSZ.FR) Monday said it signed a contract to supply 2.5 million liquefied natural gas, or LNG, to Malaysia state-owned oil and gas firm Petrolian Nasional Bhd, also known as Petronas, over a period of 3 years and six months.

Siemens Profit To Jump On Areva Stake Gain, Strong Order Book

Siemens Profit To Jump On Areva Stake Gain, Strong Order Book

German industrial conglomerate Siemens AG (SI) Wednesday is set to report a significant increase in net profit on a one-time gain from the sale of a minority stake in nuclear-power venture Areva NP, while its sales pipeline is set to benefit from the continuing rebound across its business lines.

Edison International 1Q Net Down 14% On Loss In Mission Group

Edison International 1Q Net Down 14% On Loss In Mission Group

Edison International's (EIX) first-quarter profit fell 14% on lower-than-expected revenue as decreased earnings at the company's competitive power generation business offset higher results from its Southern California Edison utility.

Rosneft Leaps to Profits Record

Rosneft Leaps to Profits Record

Soaring oil prices and cost-cutting efforts lifted Russian state-owned oil company Rosneft to record profits in the first quarter.

China May Face 30-GW Power Shortage This Summer

China May Face 30-GW Power Shortage This Summer

China will likely face an electricity shortfall of about 30 gigawatts this summer--and the supply gap could expand further if temperatures soar and thermal coal supplies become tight, the China Electricity Council said.