Taiwan Cogeneration Corp said yesterday that the company would instruct four independent power producers (IPPs) under its purview to renegotiate the terms of electricity purchase contracts with state-run Taiwan Power Company. The company said in a statement to the stock exchange that its board had made the decision after its four IPP subsidiaries failed to reach an agreement with Taipower to adjust the term ...

Thailand expects to buy 20,000 megawatts more of electricity from Laos and Myanmar combined as part of the country's bid to diversify energy sources by reducing dependence on natural gas in power generation. Energy Minister Pongsak Raktapongpaisal said electricity supplies from Laos and Myanmar are mostly from hydroelectric and coal-fired power plants. A decade ago, Thailand signed a memorandum of understan ...

Technical experts from Ukraine and Uzbekistan will visit Bihar early next year to explore the possibilities of investing in the energy sector in the state. This was conveyed to the CMD of Bihar State Power Holding Company Limited (BSPHCL), P K Rai, during his recent visit to Almaty in Kazakhstan to attend the two-day global meet on 'Attracting foreign investment in advanced fossil fuel technologies'. Rai sa ...

Kansai Electric Power Co. asked the government for permission Monday to hike household electricity rates by an average 11.88 percent from April 1, after seeing its business worsen due to rising fuel costs from running thermal power plants to make up for the loss of atomic energy. The Osaka-based utility would become the first after Tokyo Electric Power Co. to resort to rate hikes since Tepco's Fukushima No. ...

Infrastructure major Lanco Infratech Ltd has done a Reliance Power in securing long-term debt from the Chinese banks and institutions. Lanco has entered into a memorandum of understanding (MoU) with the China Development Bank (CDB), a bank owned by the government of Peoples Republic of China, to arrange $2-billion debt for two power projects — Anpara Phase II and Himawat. Each of these projects has a capaci ...

The dam's redesign is touted as a fix for widespread environmental concerns, but only the project's financial backers appear convinced. Bhuddhist monks led almsgiving and chanting in the Lao valley, where the dam will soon form a concrete barrier across the mainstream Mekong River. The monks were begging forgiveness from mother nature. Construction of the dam has drawn strong local and international opposit ...

Norwegian Ambassador to Pakistan Cecilie Landsverk has said that Pakistan is on the priority list of Norway with special focus on trade and investment and energy. The ambassador was talking to LCCI President Farooq Iftikhar here at Lahore Chamber of Commerce and Industry. LCCI Senior Vice President Irfan Iqbal Sheikh, Vice President Mian Abuzar Shad, former Presidents Bashir A Baksh, Mian Misbahur Rehman, f ...

SK E&C and KOWEPCO signed a concession agreement for the Xe-Namnoy hydroelectric power project with the Laotian government constructing 410MW hydroelectric power plant as build-operate-transfer (BOT) form in the Mekong River area in Laos. The project groundbreaking in May 2013 and total construction cost will be KRW 750 billion. SK E&C and Korea Western Power Corporation (KOWEPCO) signed a concessio ...

Turkmen President Kurbanguly Berdymukhamedov ordered the creation of a State Commission for construction of desalination plants on the coast of the Caspian Sea, an official Turkmen source said on Wednesday. This structure will improve the provision of Balkan province, western region of the country, with drinking water and water for farmlands. The State Commission has been given order to submit proposals to ...

Private sector financing for the nuclear industry is set to increase. The financial cost of new nuclear power projects is a major factor in planning for a sustainable nuclear future. Traditional providers of capital to the nuclear industry have been governments and Export Credit Agencies (ECAs), with commercial banks and international financial institutions playing a lesser role. However, new trends are eme ...