News

The latest news, project announcements, reports, policy, legislation concerning electricity generation across global power and energy sectors, focusing on renewable energy news, fossil fuel, natural gas, hydrogen, clean energy, nuclear power and energy storage. This news will include digitalisation projects and smart grid developments in the power generation space.

International

Slovenia has stopped supplying Croatia with electricity from their jointly-owned Krsko nuclear power plant because Croatia has failed to pay its $14m bill. Croatia has said it will make up for the shortfall by generation from its own capacity.

PowerGen-Houston talks collapse

Merger talks between PowerGen of the UK and the USA-based Houston Industries have been called off. Differences over how the companies would be valued in a deal are the main reason for the collapse.

Modular steam turbines

Blohm + Voss Industritechnik GmbH (B+VI) recently introduced a new line of steam turbines called MARC (Modular Arrangement Concept). The turbogenerator has a modular construction concept for the turbogenerator - the modules being: turbine; gearbox/generator; lubricating oil system; control oil system; and measuring and control system.

UK

The gas industry regulator Ofgas said in August that more than 3 million households have switched supplier in the past four months.

IPP partnership

US companies Teco Power Services Corp. and Mosbacher Power Partners have agreed to jointly develop, own and operate domestic and international independent power projects. Teco will provide capital and technical expertise to Mosbacher.

Oman

Iran`s Power Plant Project Management company has won a $14.8m contract to build a power plant in Salalah, southern Oman. The turnkey contract involves planning, construction and operation of a 30 MW plant.

TNB seeks to renegotiate power contracts

Malaysia`s national power utility Tenaga Nasional Bhd (TNB) is seeking to renegotiate agreements with independent power producers. The utility says that it is struggling to meet payments and is seeking a deferment and discount approach as a way out.

Bulgaria

The government has announced that electricity prices will be raised by 12 per cent as of January 1, 1999. The move paves the way for a crucial three-year loan agreement with the International Monetary Fund which had wanted the price hike to take place this September.

Oil profits fall

Royal/Dutch Shell has attributed a 17 per cent drop in second quarter net profits to low crude oil prices and the Asian economic crisis. Second quarter net profits were $1.54bn, while first half net profits were down 20 per cent to $3.48bn.

Sidi Krir agreements

The InterGen Sidi Krir Generating Company and the Egyptian Electricity Authority (EEA) have finalized several agreements for the $450m Sidi Krir power project.

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