Latest news
Poland: a coal-fired unit of about $1 billion to be built by Hitachi-led consortium
Hitachi-led consortium won a contract of about 3.25 billion zlotys ($1 billion dollars) from Poland’s main utility group PGE to build a coal-fired unit of a capacity of 430-450 MW, according to a member of the conglomerate. The unit is likely to be constructed at PGE’s Turow plant in south-eastern Poland.
read more... 19/03/2014
Italy: shutdown of 2 Vado Ligure coal units
Tirreno Power, an Italian electricity generation company, owned 50% by France’s GDF Suez, has received an order from an Italian judge to shutdown two coal-fired units at its Vado Ligure plant because of ecological concerns, as stated by a spokesman for the Italian firm.
read more... 12/03/2014
Latvia delays deregulation of the electricity market until 2015
The ruling coalition in Latvia decided to put off the liberalization of the power market until the elections, in order to have more time to set up a scheme of refund for poorer residents who are trying to find money to pay for increasing energy bills.
read more... 04/03/2014
Daily: European year-ahead coal prices at the lowest level in five years
U.S. oil futures settled higher on Wednesday following the publication of government data indicating an unexpected low increase in crude stockpiles and one more significant drawdown at the American benchmark's delivery hub, at Cushing, Oklahoma. Meanwhile, Brent prices were flat on concerns over slower growth in China, as its debt has reached record levels.
read more... 27/02/2014
Coal consumption keeps growing in China
China is dealing with a big air quality problem, so recently the Government has announced that they will reduce their coal consumption share from its current 67 percent to 65 percent by 2017. The country intends to convert coal in syntethic gas, but this will result in more carbon dioxide emissions released because converting coal to make synthetic gas and then combusting the gas to make electricity will double the amount of carbon dioxide emissions released in the atmosphere.
read more... 21/02/2014