The improved performance was mainly attributed to a RM750 million fuel cost compensation, a lower coal price and steady electricity demand. Tenaga Nasional Bhd (TNB) has posted a net profit of RM1.0 billion for the fourth quarter ended August 2012, bettering a net loss of RM322.5 million in the comparable quarter a year ago. The improved performance was mainly attributed to a RM750 million fuel cost compens ...

The Japanese manufacturer Hitachi Ltd. Has agreed to buy Horizon Nuclear Power from Germany’s two largest utilities for £696 million ($1.1 billion), ensuring support for the U.K. government’s energy program. The transaction will be completed next month and secure financial backing for as many as six new nuclear reactors at two sites in Britain, according to a statement from Hitachi and the utilities, RWE AG ...

The foundation stone for the first biogas plant in Jayanagar is set to be laid on Monday. The constituency generates around 32 tonnes of garbage. Of this, 11 tonnes are dry waste and 21 tonnes are wet waste. They will be separated, and the wet waste will be used for biogas. The plant will have a capacity of around 50 tonnes. “The Bruhat Bangalore Mahanagara Palike (BBMP) will be putting up 16 bio methanatio ...

The joint venture Bangladesh India Friendship Power Co. (BIFPCL) will soon start primary works to set a 1,320 MW coal-fired power plant at Rampal in Bagerhat district, near the Sundarbans mangrove forests. The state-owned Power Development Board of Bangladesh and the state-managed National Thermal Power Co. (NTPC) of India are the partners of the joint venture BIFPCL, formed in January this year. Different ...

Korea will consider diverse ways to expand the use of the smart grid system as part of its efforts to enhance the country's long-term energy efficiency, the finance ministry said Thursday. The move is part of future energy policy directions the government reviewed during a meeting to enhance energy efficiency and effectively cope with other problems from greenhouse gases and climate change. The meeting is i ...

EnerNOC, Inc. (Nasdaq:ENOC), a global provider of energy management applications and services, has finalized an agreement with TransGrid, the New South Wales transmission network operator, to provide 35 megawatts (MW) of demand response capacity in the Sydney metropolitan area. Managing Director of TransGrid, Mr. Peter McIntyre, said the innovative demand management agreement between the two companies will ...

Sky Solar, a Chinese developer and investor in PV power plants, has been awarded a 10bn yuan ($1.6bn) credit facility from China Development Bank (CDB) to finance its growing pipeline of projects. Under the agreement, which runs until 2016, Sky Solar will have access to a range of CDB products and services including equity, debt, loans, leasing, bonds and securities. CDB will also provide priority financing ...

Welspun Renewables Energy Ltd, a subsidiary of Welspun Energy, has inked an MoU with Chattisgarh government for installing 100 MW Solar Power project, the company said in a press statement here. The MoU was signed in Raipur. "The project is to be commenced in 2015, entailing an estimated investment of Rs 1,000 crore," the company said. With this project WEL will achieve an annual CO2 emission reduction of 1 ...

A corroborative test recently begain at a Tokyo Electric Power Co. substation to send electricity to households through transmission lines made of superconductive materials, which have zero electrical resistance and can reduce power loss. The test in Yokohama’s Tsurumi Ward is the first in Japan involving electric power relayed through superconducting transmission lines before reaching households. The New E ...

Electricity of VietNam (EVN) is short of VND20 trillion (US$960 million) in funds targeted for work on electricity projects during the remainder of the year. According to EVN's report, the group has mobilised only VND54 trillion ($2.6 billion), which accounts for 73 per cent of its capital needs for 2012. EVN's 2012 development plan is part of a five-year plan that sets out targets on electricity production ...