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Romanian Hidroelectrica to Invest EUR 18 mln in Wind Turbines

Romanian Hidroelectrica to Invest EUR 18 mln in Wind Turbines

Romanian state-owned hydropower generator Hidroelectrica could invest some EUR 18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday.

Brikel Thermal Power Plant Denied Additional Emission Quotas

Brikel Thermal Power Plant Denied Additional Emission Quotas

An inter-agency working group distributing greenhouse gas emission quotas reserved for new participants rejected a request by the Brikel Thermal Power Plant for additional quotas, the Environment and Water Ministry said on Monday after a meeting of the working group.

Russia, Qatar Sign Memorandum of Cooperation on Peaceful Nuclear Use

Russia, Qatar Sign Memorandum of Cooperation on Peaceful Nuclear Use

Russia and Qatar signed on Tuesday a memorandum of cooperation in the peaceful use of nuclear energy. The document was signed in Moscow by Nikolai Spasski, the deputy director of the Russian state-run nuclear corporation Rosatom, and the Qatari ambassador to Russia, Ahmed Saif Al-Midhadi.

Saudi Hints at a Higher Oil Price and Blames Renewables

Saudi Hints at a Higher Oil Price and Blames Renewables

Ali Naimi, the oil minister of Saudi Arabia, was in mischievous mood on Monday night, positing an oil price of $70 to $90 for the foreseeable future, and suggesting that oil consumers should be happy with such a settlement – because a price of more than $70 was needed to justify investments in renewable energy.

Angola Oil Minister: Oil Output To Touch 2.2 Mln BPD By 2012

Angola Oil Minister: Oil Output To Touch 2.2 Mln BPD By 2012

Angola, a member of the Organization of Petroleum Exporting Countries, expects to produce 2.2 million barrels of oil per day by 2012, Jose Maria Botelho de Vasconcelos said at the Petrotech energy conference Monday.

Turkmenistan To Strike EU Gas Supply Deal By Nov End - Report

Turkmenistan To Strike EU Gas Supply Deal By Nov End - Report

Turkmenistan expects to sign an agreement by the end of November with a consortium of European energy companies to supply natural gas to Europe along a route that would by-pass Russia for the first time, the Telegraph newspaper reports, citing a Turkmenistan official.

Statoil Gets 8 Exploration Licenses On UK Continental Shelf

Statoil Gets 8 Exploration Licenses On UK Continental Shelf

-Statoil was awarded operatorship of parts of licences 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and six licences in blocks 212 and 213 near the Faroe border.

Nissan Hopes Its Image Turns New Leaf With Electric Car

Nissan Hopes Its Image Turns New Leaf With Electric Car

Nissan Motor Co. (NSANY, 7201.TO) is counting on its soon-to-be-launched Leaf electric car to create a new image for the company, which is traditionally viewed as the No. 3 Japanese auto maker behind Toyota Motor Corp. (TM, 7203.TO) and Honda Motor Co. (HMC, 7267.TO).

Rare Earth Fund Off to Flying Start

Rare Earth Fund Off to Flying Start

A new exchange-traded fund (ETF) covering rare earth metals, many of which are crucial for the development of clean technologies such as solar panels, attracted widespread investor interest in its first day of trading last week.

Indias Oil Demand to Jump 40 pc in next 10 yrs: PM

India's Oil Demand to Jump 40 pc in next 10 yrs: PM

Projecting a growth of 40 per cent in India's oil demand in next decade, Prime Minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of rapidly expanding economy.

Historic deal to Save Nature Reached in Nagoya

Historic deal to Save Nature Reached in Nagoya

Environment ministers from almost 200 countries on Friday (29 October) adopted historic targets to half the loss of natural habitats and dramatically increase nature reserves to 17 percent of the world’s land area by 2020 from less than 10 percent today.

Serbia and KfW Signed €70m Loan for Zvornik Hydropower

Serbia and KfW Signed €70m Loan for Zvornik Hydropower

Belgrade, 29 Oct 2010 – General Director of the Serbian electric power industry Elektroprivreda Srbije Dragomir Markovic and Director of the German Development Bank for Europe and the Caucasus Roland Siller signed a loan agreement for the revival of the Zvornik hydroelectric power plant.

EC Backs Birbili’s Climate Goals

EC Backs Birbili’s Climate Goals

Europe’s Commissioner for Climate Action Connie Hedegaard has told Kathimerini English Edition that she fully backs Greece to keep to its environmental targets despite the impact of the economic crisis and the need for the country to seek foreign investment in a range of projects. Environment Minister Tina Birbili recently expressed concerns about the environmental impact of a project agreed upon with two Qatari firms to transform the western port of Astakos into an energy hub