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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
Carbon technology market to reach 9.67 billion dollars in 2017
Global carbon technology market will see huge increase once the utility and oil and gas industries comply with new environmental regulations, which became more rigorous than ever due to worries over environmental situation. According to an analysis of the global air pollution “Control Equipment in Energy and Power Market”, the market can expect profits of 9.69 billion dollars in 2017 from 7.27 billion dollars in 2010.
read more... 09/03/2012
Daily – gas prices up near to a one-week high
U.S. and Brent crude oil futures held gains on Thursday after a government report showed initial jobless claims increased previous week in the United States, driven up ahead of the data by optimism about Greece avoiding default on its debt. By 13:35 GMT, ICE Brent crude traded at 125.17 dollars a barrel, gaining 1.05 dollars after having traded between 123.80 and 125.58 dollars.
read more... 09/03/2012
A 304 MW wind farm completed in US by Iberdrola
The Blue Creek wind farm of 304 MW has been completed by a Spanish utility Iberdrola. The wind farm, situated in the Van Wert and Paulding Counties of Ohio, US consists of 152 units of Gamesa G90 wind turbines with a capacity of 2 MW each.
read more... 08/03/2012
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