Latest news
Enel to cut costs in order to reduce debt
Enel plans cuts in its dividend payouts and investments over the next five years in order to diminish its debt and keep its credit rating. Mentioning over the share price fall, Fulvio Conti, the chief executive announced the 2012-16 business plan which establishes lower expected growth targets amid a cloudy outlook for Italy and Spain which was needed to clear the situation.
read more... 09/03/2012
Nuclear energy agreement between UK and France
A joint agreement aimed to develop civil nuclear projects was firmed between the UK Prime Minister David Cameron and the French President Nicolas Sarkozy. This agreement is substantive forasmuch the British government plans to build a diversified energy mix.
read more... 08/03/2012
Npower reveals a 34% profit jump on higher energy bills
One of the “Big-six” energy suppliers Npower has recently revealed a 34% increase in its annual profits on higher energy bills.
read more... 07/03/2012
First tower in Scotland completed by Scottish Hydro
Beauly Denny power line, situated near Beauly in Scotland will be replaced by a recently completed new tower developed by Scottish Hydro Electric Transmission.
read more... 06/03/2012
RWE to divest 7 billion euros in assets as its profit slumps
RWE, Germany’s second-largest utility is planning to divest 7 billion euros in assets between 2012 and 2013 and introduce cost cutting measures totaling around 1 billion euros through 2014.
read more... 06/03/2012