EnBW, Germany's third-largest utility, will slash costs further in response to low wholesale prices and writedowns on plants, anticipating the crisis in the energy sector to diminish profits by about 5 percent this year.
read more... 18/03/2015
Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.
read more... 13/03/2015
Siemens, with Cengiz Enerji Sanayi ve Ticaret, has finalized the building of a combined cycle electricity plant in Turkey, two months before the schedule.
read more... 10/03/2015
Britain's coal-fired power generation last year dropped to a five-year low, according to government data showed on Thursday, signifying it was possible that power plant emissions of carbon dioxide (CO2) in the EU's second major carbon polluter also declined.
read more... 27/02/2015
The European Commission has initiated a detailed inquiry into Britain's plan to utilize public funds to pay for the change of a coal plant at Lynemouth, northern England, to biomass, declaring it is concerned Britain may be paying excessively.
read more... 20/02/2015