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Daily: German forward power prices boost following firmer oil and coal
Crude oil prices declined on Friday after the U.S. oil rig number increased for the first time since December, resuming concerns of a supply glut after an output freeze plan helped drive the market to 2016 peaks and multi-week gains. Brent crude lost 24 cents at $41.30 a barrel, having boosted $1 earlier to a 2016 high of $42.54. U.S. crude for April delivery closed at $39.44 a barrel, fell 76 cents, or 1.89 percent, after soaring $1 earlier to a year peak of $41.20.
read more... 21/03/2016
Two Czech companies submit bids for Vattenfall's German coal and power activity
Two Czech companies have submitted offers for Vattenfall's loss-making lignite coal mines and related power plants in Germany, but to reach a deal the Swedish state-owned conglomerate might have to pay into covering future mothballing costs.
read more... 17/03/2016
Poland: Energa envisages EDF heating plants, more coal projects
Energa is thinking about purchasing mostly coal-fired heating plants from French utility EDF and investing in local troubled coal mining company Kompania Weglowa, Poland's No.4 utility stated on Tuesday.
read more... 16/03/2016
Japan's Marubeni might construct coal power plant in Egypt
Japan's Marubeni Corp and Egypt's El Sewedy Electric have settled with Egypt's state-run power utility to conduct a feasibility study into the building of a coal-fired electricity plant in Egypt.
read more... 03/03/2016
Poland will develop geothermal energy since wind farms spoil landscape
Poland, under pressure from the EU to reduce its utilization of extremely polluting coal, will develop geothermal energy resources rather than wind farms which destroy the landscape, as stated by its environment minister on Wednesday.
read more... 25/02/2016