Latest news
French government approves GE-Alstom agreement
The French government approved on Wednesday the General Electric's intended 12.4 billion euro ($15.6 billion) acquirement of the majority of Alstom's electricity business.
read more... 05/11/2014
Albania and World Bank inked $150 million electricity agreement
Albania signed a $150 million loan agreement with the World Bank on Monday to improve power distribution and transmission, which it said would facilitate the return of the debt-laden sector to financial stability by 2018.
read more... 04/11/2014
Germany: EnBW plans to reduce retail power prices next year
Germany's third-biggest utility EnBW declared on Thursday it would cut retail power prices for the majority of its clients starting from January 1, 2015, quoting low wholesale prices that compensate higher network charges.
read more... 31/10/2014
Verbund nine-month profit drops by 86%
Austrian utility Verbund registered a decline of 86 percent in group profit for the first three quarters of 2014 to 63.8 million euros ($81.3 million) because of decreasing electricity prices, reduced water supply and impairment losses on its Romanian wind farms.
read more... 29/10/2014
Areva-Siemens increases claim to $4.4 billion over Finnish reactor postponements
The French-German conglomerate Areva-Siemens, the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has raised its claim against Finnish utility Teollisuuden Voima (TVO), as stated by TVO late on Friday.
read more... 27/10/2014