Latest news

Siemens obtains first funding for Egypt power plant project

Egypt has obtained a first tranche of funding for an 8 billion euro ($8.5 billion) plan for power plants to be constructed by Germany's Siemens, as stated by the company and electricity ministry.

read more... 24/11/2015

news

Daily: European power diverge on robust wind supply in Germany, higher consumption in France

Crude oil prices declined as much as 1 percent on Monday, prolonging losses for a consecutive day, dragged down by new stockpile hike at the delivery point for U.S. crude futures and lower Wall Street share prices. On Monday, the front-month in Brent crude futures fell 23 cents, or 0.5 percent, to close at $47.19 a barrel. West Texas Intermediate (WTI) dropped 42 cents, or 1 percent, to settle at $43.87.

read more... 10/11/2015

news

Germany's EnBW increases German retail electricity prices next year

Germany's third-largest utility EnBW declared on Monday it will increase retail power prices for the majority of the customers by 2.4 percent from Jan. 1, 2016, quoting higher network charges and a rising share of state-induced charges.

read more... 10/11/2015

news

Vattenfall to phase out two German lignite plants to meet climate change objectives

Swedish utility Vattenfall agreed on Monday to phase out two lignite coal power plants in Germany, corresponding to 8 million tonnes of CO2-emissions.

read more... 27/10/2015

news

Germany will begin the transfer to coal power reserve in winter 2016

German utilities RWE, Vattenfall and Mibrag will begin cutting their coal-fired electricity production at the start of winter 2016, transferring this capacity instead to the country's power reserve as part of a plan to reduce carbon emissions, as stated by the government.

read more... 26/10/2015

news