Latest news
Alstom to modernize the Russian electricity transmission and distribution grid
France’s Alstom, a world leader in transport infrastructure, power generation and electrical grid, has entered a 51/49 joint venture with Russia’s Soyuz Holding to manufacture and commercialize high voltage switchgear in order to modernize the Russian electrical grid. This agreement follows the memorandum of understanding signed in 2011.
read more... 26/06/2014
French government blesses the General Electric’s bid for Alstom
French government has finally reached an agreement to buy a 20-percent stake in engineering giant Alstom from construction firm Bouygues on Sunday, meeting a condition established by Paris to support a General Electric (GE) deal to purchase Alstom’s energy business for 12.35 billion euros.
read more... 23/06/2014
France to raise electricity prices by about 5%
The French government intends to increase regulated power tariffs by approximately 5 percent in the autumn, as stated by Prime Minister Manuel Valls on Friday.
read more... 23/06/2014
Greenpeace: French nuclear power becomes more expensive than renewables by 2020
A report released by environmental activist group Greenpeace unveils that the electricity generated by onshore wind and solar installations could be more financially competitive by 2020 than the power from upgraded nuclear facilities in France.
read more... 16/06/2014
Albania hopes to end dispute with utility CEZ soon
Albania hopes to settle a raw with Czech utility CEZ soon, concerning its loss-making electricity distributor in order to proceed with $200 million investment in its power sector, as stated by Energy Minister Damian Gjiknuri on Thursday.
read more... 13/06/2014