English Edition

PPC Will Pay 43,4 mil. for Six Wind Farms

Τετ, 8 Σεπτεμβρίου 2010 - 14:32

Public Power Corporation (PPC), Greece’s largest electricity utility, said yesterday it will pay up to 43.4 million euros ($55.5 million) to buy six wind farms from BCI Group. PPC’s board cleared the acquisition of the wind parks last week as part of efforts to become less dependent on lignite. State-controlled PPC aims to invest about 2 billion euros in renewables by 2015 to replace a total of 2,000 megawatts of old, polluting lignite plants as it shifts toward cleaner energy sources.

Verbund In Talks To Sell 26.5% Stake In 13 German Power Plants

Τρι, 7 Σεπτεμβρίου 2010 - 18:03

Austrian electricity producer and grid operator Verbund AG (VER.VI) is in talks to sell a 26.5% stake in a group of 13 German hydropower plants, the company's chief executive told journalists Tuesday.

Novatek's Yamal LNG Project May Cost $28 Bln

Τρι, 7 Σεπτεμβρίου 2010 - 18:03

The Russian government's long-term program to develop the Arctic Yamal Peninsula includes investments of 858 billion rubles ($28 billion) in OAO Novatek's (NVTK.RS) Yamal LNG project, documents from the Energy Ministry showed Tuesday.

EU: Confident Poland/Russia Gas Deal Will Fit EU Rules

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

The European Commission is confident that Poland and Russia will find an agreement on a natural gas contract that will be in line with European Union rules, the commission said Tuesday.

Iraq Unable To Meet Current Power Demand Until 2013 - US General

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

Iraq will need at least three years before it is able to satisfy current electricity demand, the U.S. general charged with the military's reconstruction efforts in the Middle East said Tuesday.

Chevron Acquires Interest in Three Deepwater Exploration Blocks in China

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

Chevron Corporation (NYSE:CVX) announced today that its China subsidiary has received final approval to acquire operating interests in three exploration blocks in the South China Sea's Pearl River Mouth Basin.

Gazprom To Sell Stake In Its Enel, Eni Joint Venture

Τρι, 7 Σεπτεμβρίου 2010 - 18:01

OAO Gazprom (GAZP.RS) will sell its controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--to a joint venture of OAO Gazprom Neft (SIBN.RS) and OAO Novatek (NVTK.RS), the company said Tuesday.

Financial Appraisal Deal Brings Nabucco Closer to Securing Funding

Τρι, 7 Σεπτεμβρίου 2010 - 17:04

The shareholders and project company of Nabucco have singed a mandate letter with three international financial institutions for the appraisal of the future natural gas transit pipeline, which has been hailed as a key step towards its successful construction.

Bulgaria to Get BGN 41 M Dividend from Power Utility CEZ

Τρι, 7 Σεπτεμβρίου 2010 - 17:03

The Bulgarian government is going to receive a dividend of BGN 41 M from the Czech-owned power utility CEZ Bulgaria.

Turkey Joins Europe, Electrically Speaking

Τρι, 7 Σεπτεμβρίου 2010 - 16:10

Turkey may be frustrated in its bid to become part of the European Union, but by the end of September, it will join Europe’s electric grid.

Rosatoms Subsidiary Uses Stakes in Kazakh Mines in Uranium One Deal

Τρι, 7 Σεπτεμβρίου 2010 - 16:05

Russian state-owned miner Atomredmetzoloto (ARMZ), a subsidiary of Rosatom, has bought a controlling stake in Canada's Uranium One using its stakes in two Kazakh uranium mines as a part of the payment, the head of Rosatom said on Tuesday.

Russia Plans to Explore Gas Deposits in Northwest Siberia

Τρι, 7 Σεπτεμβρίου 2010 - 16:04

Russia plans to exploit its biggest gas reserves on the Yamal Peninsula in northwestern Siberia, but estimates say it will cost up to 8 trillion rubles ($260 billion), a business daily said on Tuesday.

RF, Kazakhstan Agree to Jointly Prospect Imashevsky Gas Field

Τρι, 7 Σεπτεμβρίου 2010 - 16:03

Kazakh Minister of Oil and Gas Sauat Mynbayev and Russian Minister of Natural Resources and Ecology Yuri Trutnev have signed an agreement on joint activities on geological study and prospecting of the Imashevsky trans-border gas and gas condensate field.

Progress Seen on Green Fund for Climate Deal

Δευ, 6 Σεπτεμβρίου 2010 - 18:59

Almost 50 nations made progress on Friday (3 September) towards a 'Green Fund' to help poor countries fight global warming but hosts Mexico and Switzerland said a full UN climate treaty was out of reach for 2010.

Gamesa To Supply Iberdrola With 258 MW In Turbines For Brazil

Δευ, 6 Σεπτεμβρίου 2010 - 18:56

Gamesa Corporacion Tecnologia SA (GAM.MC) Monday said it will provide wind turbines with a capacity to generate 258 megawatts of electricity to Spain's Iberdrola Renovables SA (IBR.MC).

Chinese Firms Must Adapt To New Iron Ore Pricing System

Δευ, 6 Σεπτεμβρίου 2010 - 18:56

China's industry participants and financial institutions should study building up a domestic iron ore futures market as part of the effort to adapt to the new quarterly pricing mechanism for the raw material, Feng Guiquan, vice president of China Minmetals Corp., said Monday.