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Coal mine in Germany to be converted into a hydroelectric battery

RAG AG-owned Prosper-Haniel hard coal mine, located in the German state of North-Rhine Westphalia, will be transformed into a big battery that stores excess solar and wind energy.

read more... 23/03/2017

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Siemens supplies power turbines to Russian company Technopromexport

Germany's Siemens supplied four gas turbines to Technopromexport’s power plant in Russia.

read more... 17/03/2017

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IEA report: Oil demand likely to reduce in 2017, non-OPEC countries seen rising production

The demand for oil is anticipated to decrease from 1.6 million barrels a day in 2016 to 1.4 million barrels a day in 2017 which will add more issues for the producers while they could try to increase prices, as indicated in the International Energy Agency report published earlier this week, based on the early 1st quarter indicators showing slowdowns in Japan, Germany, Korea and India in January 2017.

read more... 16/03/2017

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Innogy promises higher-than-predicted dividend

Innogy, Germany's biggest energy group, on Monday promised shareholders a dividend somewhat above market expectations, a boon for its struggling parent which continues to suffer from losses at its power plant division.

read more... 13/03/2017

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German KfW agrees on 45 mln euros loan for Serbian power plant clean-up project

Germany's development bank KfW will lend 45 million euros to Serbian state-run power distributor Elektroprivreda Srbije (EPS) for a project to modernise the ash handling system at the country's largest coal-fired power plant complex.

read more... 01/03/2017

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