Royal Dutch Shell, Exxon - Mobil and BP have announced major shareholdings in three integrated energy projects in Saudi Arabia that will attract investments of $25bn. The projects represent the first foreign investment in Saudi's gas sector for 25 years.
A consortium of Abu Dhabi National Energy Company, Japan's Marubeni and South Korea's SK E&S Co Ltd is the lowest bidder for the estimated $1.3bn Hassyan 1 independent power project (IPP), the first of six planned IPPs in Dubai.
Polish Treasury Minister Wieslaw Kaczmarek extended until Nov. 30 exclusive status given to the consortium formed by telecoms and engineering conglomerate Elektrim and Kulczyk Holding to buy a 25 per cent stake in the group of eight electricity distributors and suppliers known as G8, the ministry said in a statement Wednesday.
Chancellor Angela Merkel has ruled out the possibility of utilities handing over responsibility for decommissioning Germany's nuclear power plants to a new public foundation where taxpayers would assume liability.
The UK and Japan have signed a pact on nuclear power which will open the door to Japanese companies entering the UK market and give British firms a slice of Japan’s multi-billion decommissioning market.