News About Global Energy Industry
September 03, 2010
Nigeria to privatize power sector
Abuja, Nigeria (UPI) Aug 30, 2010
Nigerian President Goodluck Ebele Jonathan has announced plans to tackle the country's notoriously inefficient and corrupt power sector. Jonathan provided journalists in Lagos his Power Sector Road Map project, which he stated would both create significant employment while reviving Nigeria's moribund economy. During his Lagos presentation of his plan Jonathan noted, "We need a re ... read more

China to set up base to tap deep-sea energy: state media
Beijing (AFP) Aug 27, 2010
China will build a multi-million-dollar research base on its east coast as it steps up its efforts to search for energy sources and rare earths on the ocean floor, state media said Friday. Engineers have started to design the base, which will cost an estimated 495 million yuan (72.8 million dollars) for the initial construction, the Xinhua news agency reported. The base in the coastal ci ... more
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  • Geothermal's Golden Year
    Washington DC (SPX) Aug 27, 2010
    As Sacramento, Calif., prepares to host the 2010 Geothermal Energy Expo, the geothermal energy industry's largest annual event, the Geothermal Energy Association (GEA) recognizes the 50th anniversary of utility-scale geothermal power in the United States. Half a century ago, just north of San Francisco, construction began on The Geysers, the nation's first commercial geothermal site. Now a ... more

    Iranian energy sector attracts investment
    Tehran (UPI) Aug 25, 2010
    Iran, anxious to break out of the latest round of U.N. sanctions, is broadening its foreign contacts to expand its energy resources. Iran is to cooperate with the United Arab Emirates and Germany, who are investing $1.1 billion to construct several conventional power plants, the Fars News Agency reported Wednesday. Iran's Energy Ministry issued a statement noting, "Germany has in ... more

    China's hydropower capacity up 50 percent by 2015: report
    Beijing (AFP) Aug 25, 2010
    China's hydropower capacity is expected to increase by 50 percent to 300,000 megawatts by 2015, state media said Wednesday - a deadline that is five years sooner than previously reported. National Energy Administration director Zhang Guobao said the expansion was necessary for China to meet its target of reducing carbon intensity by 40-45 percent by 2020 based on 2005 levels, Internet porta ... more

    Britain to lobby for energy deals abroad?
    London (UPI) Aug 23, 2010
    The No. 2 official in Britain's energy and climate department said Prime Minister David Cameron and other British politicians should start lobbying oil-rich countries to give British utilities new business. Minister of State for Energy Charles Hendry singled out Russia and its vast oil and gas reserves as a prime target for new business and said London should help British companies in t ... more

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    Method proposed for power demand 'spikes'
    Leeds, England (UPI) Aug 11, 2010
    British and Chinese researchers say they've found a way to deal with sudden peak demands for electricity that could cut fuel costs in half. Scientists at the University of Leeds and the Chinese Academy of Sciences looked at ways to cope with demands on a national power grid that can vary widely at different times of the day, a Leeds university release said Wednesday. Power demand ... more

    Africa's Cell Phone Boom Can't Trump Dire Needs
    Dallas TX (SPX) Aug 12, 2010
    The fast-growing use of cell phones in Africa - where many people lack the basic human necessities - has made Africa's Cell Phone Boom Can't Trump Dire Need For Schools, Roads, Power, Waters worldwide the past few years. The surprising boom has led to widespread speculation - and hope - that cell phones could potentially transform the impoverished continent. But new research by econo ... more

    German utilities blasted over power prices
    Berlin (UPI) Aug 10, 2010
    German utilities have to defend themselves against allegations that they overcharged electricity consumers by some $1.3 billion. Energy giant RWE from Dusseldorf on Aug. 1 raised electricity prices for private consumers by nearly 8 percent, affecting around 2 million customers. A study paid for by the German Green Party indicates that the prices for RWE power should actually have ... more

    South African energy execs' pay questioned
    Johannesburg, South Africa (UPI) Aug 6, 2010
    Since the global recession began two years ago, concerns have been expressed about management compensation of financially strapped companies. Now South Africa's Electricity Supply Commission, Eskom, is facing questions about executive compensation. In the period January to March, Eskom, despite being in financial difficulties, has increased salary and bonus payments to its execu ... more

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  • US Senate postpones action on scaled-back energy bill


  • Ghana to receive World Bank energy funding


  • China energy efficiency slips


  • Iraq delays gas bid round until October
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