Latest news
Daily: European electricity forward prices surpass 10-week highs on coal price recovery
Crude oil prices tumbled on Friday on anticipations that a weekend meeting of top oil exporters will have little impact on reducing an exacerbated glut, even if would provide a ceiling for the market. Brent crude futures eased 74 cents to close at $43.10, while U.S. crude settled down $1.14 cents at $40.36. Both contracts declined by more than 3.5 percent earlier in the day.
read more... 18/04/2016
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
Czech EPH will purchase Vattenfall's German lignite coal operations
Sweden's Vattenfall has decided in principle to sell its loss-making lignite coal mines and associated electricity plants in Germany to Czech investor EPH after two competitor bidders dropped out, as stated by three people familiar with the matter on Friday.
read more... 11/04/2016
UK’s National Grid predicts all-time lows for electricity demand this summer
Peak electricity consumption in UK is expected to decline to a record low this summer to 35.7 GW, some 2GW lower than last year according to National Grid.
read more... 08/04/2016
Turkey: Sabanci will sell stake in Enerjisa activities before IPO
Turkey's Sabanci Holding intends to vend a minority stake in the electricity distribution and energy retail businesses of its Enerjisa unit to reduce debt before Enerjisa's initial public offering, as stated by a senior executive on Tuesday.
read more... 06/04/2016