Company News and Markets - Page 2

Reliance Power to invest $1.18bn in India solar power projects
Monday, April 02, 2012 Reliance Power, the power unit of Reliance Energy has plans to invest more than INR60bn ($1.18bn) to develop solar power projects in the Indian state of Rajasthan, over the next two...

Samsung secures 15% stake in UK coal power project
Friday, March 30, 2012 Samsung Construction & Trading (C&T) has secured a 15% stake in 2Co Energy’s 650MW coal-fired Don Valley Power Project in South Yorkshire,...

Enel Green Power wins geothermal concessions in Chile
Thursday, March 29, 2012 Enel Green Power (EGP) has won three geothermal exploration concessions in Chile, following the launch of a tender in June 2010 by the Ministry of...

ABB wins supply contract for Iraq power project
Wednesday, March 28, 2012 ABB has received a contract from the Ministry of Electricity in Iraq to supply a distribution management system to availability, performance and reliability of power supplies in the capital,...

Abengoa to sell transmission concessions to Cemig in Brazil
Friday, March 16, 2012 Spain-based Abengoa has entered into an agreement with Brazilian utility Companhia Energetica de Minas Gerais (Cemig) to sell 50% stake in their joint venture which holds four...

Alstom Grid to modernise smart grid solutions in Kuwait
Wednesday, March 14, 2012 Power transmission company Alstom Grid has been selected by the Kuwait Ministry of Electricity and Water (MEW) to modernise grid operations in the...

Algonquin Power to acquire 480MW wind generation projects
Monday, March 12, 2012 Algonquin Power & Utilities (Algonquin) has entered into an agreement to acquire a 480MW portfolio of four wind power projects in the US from Spanish wind turbine manufacturer Gamesa for about...

GE to provide upgrade services for Turkish power plant
Thursday, March 08, 2012 GE has signed a $20m agreement with electricity generating company Camis Elektrik Uretim to provide long-term services and an equipment upgrade for a new cogeneration power plant in...

Spanish power firms partner with BrightSource Energy to form solar power alliance
Thursday, March 08, 2012 Spainsh power firms Torresol Energy and Abengoa have joined forces with US-based BrightSource Energy to form the Concentrating Solar Power Alliance...

ABB forms engineering services JV with Inocean
Tuesday, March 06, 2012 Power and automation technology group ABB will partner with Inocean to establish an engineering services joint venture (JV) that specialises in delivering offshore wind...

MetLife, Longsol Holdings purchase 30MW solar project from SunEdison
Friday, March 02, 2012 MetLife in partnership with Longsol Holdings have purchased the 30MW Webberville solar project from SunEdison for an undisclosed...

Dominion Virginia Power to build $1bn natural gas-fired power station
Wednesday, February 29, 2012 Dominion Virginia Power has unveiled plans to invest more than $1bn to build a combined-cycle, natural gas-fired power station in Virginia, the...

Shaw Group bags construction contract for US fossil power plants
Wednesday, February 29, 2012 The Shaw Group has signed a new contract with Arizona Public Service (APS) to provide maintenance and construction services to eight fossil power plants in the US states of Arizona and New...

UK Tilbury power station fire probe underway
Tuesday, February 28, 2012 Investigations are currently underway to probe the cause of fire at RWE nPower's 1,400MW Tilbury Power Station in Essex, the UK, which broke out yesterday...

Dong Energy sells 50% stake in German offshore wind farm
Friday, February 24, 2012 Danish power company Dong Energy has agreed to sell its 50% stake in the German offshore wind project, Borkum Riffgrund 1, in an agreement worth DKK4.7bn...

UK inks civil nuclear energy agreement with France
Monday, February 20, 2012 The UK government has signed a joint framework agreement with France to collaborate in the development of civil nuclear energy...

Mitsubishi to acquire 49% stake in offshore transmission cable projects
Monday, February 13, 2012 Japan-based Mitsubishi Corporation (MC) has signed an agreement with TenneT Holding to purchase a 49% equity stake in two offshore transmission cable projects in...

Black & Veatch wins contract for US wind project
Friday, February 10, 2012 Black & Veatch has been selected by Black Hills Energy to provide detailed design engineering services for the Busch Ranch wind project in the US state of...

Glencore-Xstrata deal threatens global power utilities
Wednesday, February 08, 2012 The price negotiating power of coal-hungry utilities is likely to weaken if a merger between commodities giant Glencore International and global mining company Xstrata goes ahead, analysts...

GVK Power to acquire thermal power plants in India
Monday, February 06, 2012 GVK Power and Infrastructure has unveiled plans to acquire two thermal power plants currently under construction in...