English Edition

Polish Regulator OKs 2% Electricity Price Hike As Of May

Πεμ, 17 Απριλίου 2008 - 04:06

Polish energy market regulator URE has approved an average 2% increase in electricity prices for regional distributors as of May, URE Deputy President Marek Woszczyk told TVN CNBC television Thursday.

GdF Sees Suez Merger On Track; New Works Council Mtgs Set

Πεμ, 17 Απριλίου 2008 - 04:05

French utility Gaz de France (1020848.FR), which plans to merge with peer Suez (SZE.FR), said Thursday that its calendar for concluding the tie-up in the first half of 2008 remains in place, and said it is hoping for a definitive opinion on the merger from workers' representatives May 15.

Belgian Govt Favors Eni As Suez' Distrigas Stake Buyer

Πεμ, 17 Απριλίου 2008 - 04:03

Belgian Prime Minister Yves Leterme favors Eni SpA (E) as the buyer of utility Suez SA's (SZEZY) majority stake in Distrigas (DIST.BT) because it wants to expand the country's Zeebrugge natural gas hub, Italian daily MF reports Thursday, without citing its source.

Andritz Gets Portugese Hydropower Turbine Order Worth EUR40M

Πεμ, 17 Απριλίου 2008 - 04:01

Austrian high-technology machinery maker Andritz AG (ANDR.VI) said Thursday it has received a EUR40 million order for the delivery and service of a Francis turbine set for a Portuguese hydropower station.

Romania Min: Utility Prices Won't Rise Until July - Mediafax

Πεμ, 17 Απριλίου 2008 - 03:58

Romania doesn't plan to raise natural gas or electricity household bills until July 1 despite calls from Romanian gas distributors citing higher gas import costs, news agency Mediafax reported Romanian Finance and Economy Minister Varujan Vosganian as saying Thursday.

Iberdrola 1Q Net Almost Triples, Beats Views

Πεμ, 17 Απριλίου 2008 - 03:56

Iberdrola SA (IBE.MC) said Thursday that its first-quarter net profit almost tripled from the year before, boosted by the acquisition last year of U.K. rival Scottish Power.

Greece's PPC Revises Strategy With RWE Following Opposition

Πεμ, 17 Απριλίου 2008 - 03:54

Greece's dominant electric utility, Public Power Corporation SA (PPC.AT), is revising its strategy for joint activities with Germany's RWE AG (RWE.XE) after months of union opposition to an earlier deal.

Ukraine To Formally Join WTO On May 16

Πεμ, 17 Απριλίου 2008 - 03:52

Ukraine will officially join the World Trade Organization May 16, the Geneva-based trade body said Thursday

Case With Radioactive Material Found At Madrid School

Πεμ, 17 Απριλίου 2008 - 03:50

Police said Thursday that an equipment case containing low-level radioactive material that was stolen from a car this week has been found in the doorway of a school in Madrid.

RWE: May Decide To Return Extra Cash To Shareholder After '10

Πεμ, 17 Απριλίου 2008 - 03:46

RWE AG (RWE.XE) Thursday said it may decide to return extra cash to shareholders through dividends and share buybacks after 2010 if its fails to fully realize its growth targets.

PPC Urged to End Delays with RWE

Τετ, 16 Απριλίου 2008 - 06:26

The Greek state, a major shareholder in the Public Power Corporation (PPC), urged the company’s board yesterday to end months of speculation over a pending cooperation deal with Germany’s RWE which has been blocked by union protests.

Greece has Agreed to Join South Stream Pipeline, Says Minister

Τετ, 16 Απριλίου 2008 - 06:19

Greece has agreed to join the Kremlin-backed South Stream gas pipeline project, further boosting energy ties with Russia, Development Minister Christos Folias said yesterday.

Inter RAO Εyes Turkey

Τετ, 16 Απριλίου 2008 - 06:12

Russian electricity trader Inter RAO wants to take part in a $2.5 billion project to build power stations in Turkey, the head of its would-be partner in the project, energy technology firm TekhnoPromExport, said yesterday.

Nuon, EDF Eye GDF Stake in Belgian Utility SPE

Τετ, 16 Απριλίου 2008 - 04:41

Dutch power company Nuon NV and Electricite de France SA (1024251.FR), or EdF, are both looking at buying the 25.5% stake in Belgian power generator SPE that is currently held by Gaz de France (1020848.FR), or GdF, Belgian daily Le Soir reported Wednesday, without disclosing sources.

Iran Rejects Calls For OPEC Action On Oil Price

Τετ, 16 Απριλίου 2008 - 04:39

Iran Wednesday rejected calls from crude oil consuming countries for the Organization of Petroleum Exporting Countries to act to lower oil prices that have reached record highs, describing current price as "suitable."

EU: Galp Energia Withdraws Filing To Takeover Agip Spain

Τετ, 16 Απριλίου 2008 - 04:38

The European Commission Wednesday said Galp Energia Espana, part of Portugal's oil and gas company Galp Energia (GALP.LB), has withdrawn its antitrust filing to takeover Agip Espana, the oil marketing assets of Italy's Eni SpA (E).