Siemens supplies power turbines to Russian company Technopromexport

17/03/2017 11:06 Natural Gas


Germany's Siemens supplied four gas turbines to Technopromexport’s power plant in Russia.

Under the deal, the turbines are likely to be used on Russia’s Taman peninsula.


This deal brought attention in August last year when it was speculated that these turbines could be used in Russian-occupied Ukrainian territory of Crimea for building power plants in that area.


The transaction could encounter opposition from the EU since it has forbidden European individuals and companies to provide energy technology to Crimea through established sanctions. Siemens argued that no agreement has been broken given that Taman peninsula is part of Russian Federation.


Technopromexport organized a tender in 2016 to find potential bidders which could build the Taman power plant, but no offers have been received.

Electricity network operators revealed a smart grid plan of £17 billion

08/12/2017 13:39:00

Householders and businesses in the UK might sell their own power within a local electricity network under new smart grid plans.


Daily (08.12.2017): EU carbon prices settled 1.1% higher on Thursday after a week of declines

08/12/2017 11:32:00

Oil prices recovered on Thursday after a data report showed a drop in U.S. crude inventories. Brent crude futures settled at $61.20 a barrel, up 98 cents, or 1.6 percent. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures closed at $56.51 a barrel, up 55 cents, or 1 percent up from their last settlement.


EU power producers promise to become carbon free well before 2050

07/12/2017 16:23:00

The industry association Eurelectric, under new leadership since last year, promised to make European electricity production carbon neutral well before 2050.