Latest news
Russia cuts off electricity supply to Belarus in the wave of its financial crisis
Russia's electricity export monopoly Inter RAO cut off electricity supply to Belarus at midnight on Wednesday, following a debt of 1.2-billion ruble ($43 million) accumulated for electricity supplied in March, April and May.
read more... 30/06/2011
Daily energy Overview, Wednesday, June 29, 2011
U.S. crude oil futures continued to increase in the post-settlement trading on Tuesday on industry data indicating a 2.7 million barrel drop in crude inventories last week. Meanwhile, ICE Brent crude oil futures traded up for a second consecutive day on Tuesday on hopes that Greek Parliament would approve an austerity plan to beat debt crisis, while dollar index weakened pushing investors to buy riskier assets.
read more... 29/06/2011
Centrica warns of further energy price rises
Centrica, the owner of British Gas and the largest supplier of gas to domestic customers in the UK announced that British customers could face an increase in their energy bills due to a rise of more than 20% in wholesale power prices.
read more... 29/06/2011
Bosch to invest 520 million euros in a solar project in Malaysia
A worldwide known service provider, Bosch Group, aims to extend its photovoltaic business by building a major manufacturing site near Penang, in the Batu Kawan region of Malaysia. The total amount of the investment is 520 million euros, while the project construction is planned to be started this year and completed by the end of 2014.
read more... 29/06/2011
France to make a huge investment in nuclear energy
The French President, Nicolas Sarkozy has announced a major investment of $1.43-billion in nuclear energy on Monday, facing off the trend against nuclear power which has seized France's neighbors, Germany, Switzerland and Italy.
read more... 29/06/2011