A new joint venture was announced by GDF Suez to built a new coal plant together with the state-owned polish giant PGE.
read more... 18/06/2010
The French energy giant announced about the signing of a new contract for the construction of a 1730 MW power plant in Saudi Arabia. The new plant would be built as an Independent Power Project (IPP), 125 km west from Saudi Arabia capital, Al Riyadh. Simultaneously, GDF signed the contract to sell the electricity produced at this plant to Saudi Electric Company (SEC). The duration of the contract is 20 years.
read more... 16/06/2010
European spot prices decreased last two days on cooler weather forecast and larger power supply.
read more... 16/06/2010
Power producers and transmission companies reported to energy exchange EEX that German power plant availability is expected to increase by 12.3% to 60,894 megawatts (MW) in the week to June 18, according to data from the bourse published on Friday.
read more... 15/06/2010
ARMZ, the state-controlled miner in Russia, the country with 1/10 of the world’s uranium reserves, intends to expand outside the country, aiming to become one of the third major producers in the world. It signed a transaction on Tuesday of acquiring the majority of shares in proportion of 51% in Uranium One, Canada.
read more... 11/06/2010