Latest news
Abu Dhabi’s ADWEA and GDF Suez inked a deal for $1.5 billion Mirfa IWPP funding package
Abu Dhabi Water & Electricity Authority (ADWEA) and GDF Suez on Tuesday declared they inked an agreement concerning a $1.5 billion financing package for the emirate's Mirfa independent water and power project (IWPP).
read more... 08/10/2014
Italy: local utility reforms likely to be included in October stability pact
The Italian government is trying to incorporate a series of measures designed at encouraging consolidation of the country's local utilities in the stability pact programme it intends to launch in October, as stated by the deputy industry minister on Monday.
read more... 07/10/2014
Daily: Crude oil prices settle higher on dollar depreciation
Crude oil futures reversed the course on Monday after a strong sell-off the previous week and settled higher on the U.S. dollar depreciation. Brent crude for November delivery rose 48 cents to settle at $92.79 a barrel, after reaching a low of $91.25 a barrel intraday. The benchmark stroke $91.48 a barrel on Friday, the lowest level since June 2012. U.S. crude for November crude boosted 60 cents to close at $90.34 a barrel.
read more... 07/10/2014
Fortum will start sale of Swedish grid this month
Finland's Fortum this month will initiate the auction of its Swedish power grid, estimated at approximately 6 billion euros ($7.5 billion), according to three sources familiar with the matter.
read more... 07/10/2014
Verbund leaves French market by vending electricity plants to KKR
U.S. private equity company KKR has decided to purchase two French power plants from Austria's Verbund for approximately 150 million euros ($188 million).
read more... 07/10/2014