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Poland: a coal-fired unit of about $1 billion to be built by Hitachi-led consortium
Hitachi-led consortium won a contract of about 3.25 billion zlotys ($1 billion dollars) from Poland’s main utility group PGE to build a coal-fired unit of a capacity of 430-450 MW, according to a member of the conglomerate. The unit is likely to be constructed at PGE’s Turow plant in south-eastern Poland.
read more... 19/03/2014
Bulgaria: ultimatum to power distributors to pay back debt
An ultimatum has been given by Bulgaria to three foreign-owned energy distributors until Wednesday to reimburse the debt they have with state power supplier NEK, otherwise they may lose their licenses.
read more... 19/03/2014
EDF UK: returns on nuclear agreement likely to be much higher than usual
The EDF’s first nuclear reactor in Britain might generate for the French utility and the investors two-decade profits, supported by government, expected to be much higher than returns from other projects, as stated in a report.
read more... 18/03/2014
Gazprom intends to make contract adjustments so as to keep European customers
Russia’s major natural gas producer Gazprom plans to make modifications to contracts so as to preserve its European clients in spite of western sanctions on Russia over Ukraine, as stated in the newspaper Vedomosti on Monday.
read more... 18/03/2014
Daily: European power prices pulled down by technical selling in the carbon market
Brent crude oil futures declined by more than $2 per barrel on Monday, close to reach six-weeks lows, as strong global supplies offset worries over perpetual tensions between Russia and the West powers concerning Crimea’s fate. The European benchmark closed $1.97 lower at $106.24 per barrel, after hitting an intra-session low of $106.16, the weakest level since February 6. Meanwhile, U.S. crude futures eased by as much as $1.52 to touch a session low of $97.37 per barrel before ending 81 cents down at $98.08 per barrel.
read more... 18/03/2014