English Edition

Tepco Logs Record $7.4B 1Q Net Loss On Disaster Costs

Τρι, 9 Αυγούστου 2011 - 15:39

Tokyo Electric Power Co. (9501.TO) said Tuesday it logged a massive $7.4 billion net loss for the three months through June, with its red ink snowballing on higher fuel and compensation costs as it continues to grapple with the Fukushima Daiichi nuclear disaster.

China Resources Power July Net Generation 10.54 Mln MWh

Τρι, 9 Αυγούστου 2011 - 15:39

China Resources Power Holdings Co. (0836.HK) said Tuesday that its July net generation rose 14% from a year earlier to 10.54 million megawatt-hours.

Sinohydro Likely To Win $1.2B Hydropower Project In Costa Rica

Τρι, 9 Αυγούστου 2011 - 15:38

Sinohydro Group Ltd., which built China's Three Gorges Dam, is close to winning a $1.2 billion project to build a 300-megawatt hydroelectric power plant in Costa Rica, the country's ambassador said Tuesday.

Fukushima Evacuation Order To Be Lifted In Some Areas

Τρι, 9 Αυγούστου 2011 - 15:38

In a preliminary step toward rebuilding the area around the stricken Fukushima Daiichi plant, an evacuation designation will be lifted for some places next month for the first time since the crisis began in March.

BP Files Suit Against TNK-BP Partner

Τρι, 9 Αυγούστου 2011 - 11:00

Oil giant BP has filed a suit with a Stockholm tribunal against Renova, one of its partners in its TNK-BP Russian joint venture, over Renova's unwillingness to allow it to team up with local giant Rosneft, Kommersant business daily said on Tuesday.

GE Plays a Major Role in the Expansion of Romania’s Wind Power Sector

Τρι, 9 Αυγούστου 2011 - 11:00

A 300-megawatt (MW) grid-connection agreement between Romania’s grid operator Transelectrica, and a joint venture between GE (NYSE: GE) and German wind farm developer Prowind GmbH, will play a major role in the expansion of Romania’s wind power sector. It will pave the way for Prowind, a renewable energy provider, to build four wind farms in northeastern Romania.

Statoil Makes Major Oil Discovery In The North Sea

Δευ, 8 Αυγούστου 2011 - 15:09

Norwegian oil and gas company Statoil ASA (STO) Monday said it has made a significant oil discovery in the North Sea with Norwegian state-owned Petoro AS, Det Norske Oljeselskap ASA (DETNOR.OS) and Lundin Norway AS, the Norwegian arm of Sweden's Lundin Petroleum (LUPE.SK).

France's GDF-Suez Close To Deal With China Investment Corp

Δευ, 8 Αυγούστου 2011 - 15:08

French energy group GDF Suez SA is close to signing a deal with China Investment Corp. allowing China's sovereign wealth fund to take a minority stake in the energy giant's exploration and production business, as part of a wider alliance to boost the company's exposure to the energy-hungry Asian market.

China's 14th Nuclear Reactor Begins Commercial Operations

Δευ, 8 Αυγούστου 2011 - 15:08

China has brought its 14th nuclear power reactor into commercial operations, even as approval of new projects remain suspended following Japan's nuclear crisis in March.

Libya Rebels Face Offensive By Gadhafi Forces

Δευ, 8 Αυγούστου 2011 - 15:08

Rebels defended their positions Monday in key western towns in the face of an offensive by Libyan leader Moammar Gadhafi's troops, holding on to strategic Bir Ghanam but suffering casualties in Zliten.

International Power, GDF SUEZ: New Wind Energy Projects In Canada

Δευ, 8 Αυγούστου 2011 - 15:07

GDF SUEZ and International Power PLC (IPR.LN), 70% owned by GDF SUEZ, Monday announced further progress in developing wind energy in Canada with new Power Purchase Agreements, or PPAs, secured for two 99MW wind farms in Ontario and the start of construction of Cape Scott 1, a 99MW wind development in British Columbia.

BP Buys Into Namibian Oil Exploration Project

Δευ, 8 Αυγούστου 2011 - 15:07

BP PLC (BP.LN) will invest around $50 million in a project to explore for oil and gas off the coast of Namibia, the U.K. major's latest frontier foray as it implements its new strategy of increasingly seeking out untapped resource opportunities.

Mari-Vassilikos: Did EAC Comply with Seveso Directive?

Δευ, 8 Αυγούστου 2011 - 14:45

In the previous two Risk Watch articles in the Financial Mirror (‘A Gamble that Cost Lives’ and ‘Mari-Vassilikos Disaster: More Troubling Questions’), I outlined a number of key principles applicable to major hazard sites as well as the requirements of the EU Major Hazards Directive (the ‘Seveso II Directive’) and asked whether the official inquiries into the disaster are up to the task. In this article, I probe further and consider specifically the Electricity Authority of Cyprus (EAC), the operators of the Vassiliko power station site.