Latest news
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
France: EDF envisages a 5% increase in power tariffs in August
The French government has allowed French state-controlled power utility Electricite de France (EDF) to increase its electricity tariffs for residential consumers by 5% in August, and by the same share in August next year, citing recent increases of the company's production costs.
read more... 09/07/2013
E.ON strikes a 20-year LNG deal with Canada’s Pieridae Energy
German utility giant E.ON has unveiled a 20-year agreement on LNG sales with Canada’s Pieridae Energy.
read more... 04/06/2013
Poland: PGE suspends the construction of $3.6 bln coal power plant
PGE, the Polish state biggest utility, has suspended its plans to build two new coal-fired power units worth $3.6 billion, citing weak demand and falling electricity prices.
read more... 08/04/2013
ENEL looking for a stake in TAP
Italy's biggest power utility Enel is in talks to obtain a 20% stake in the Trans-Adriatic Pipeline (TAP), project that aims to pump Azeri gas to Europe. Enel, necessitates more gas to fire part of its power generation fleet and to sell to consumers. Enel is developing a LNG terminal on the island of Sicily and has a stake in the GALSI project, which aims to transport Algerian gas into Italy
read more... 28/03/2013