The Electricity Group of Vietnam (EVN) is expected to mobilize some 1.1 billion kWh of electricity fueled by oil this dry season, the country’s sole power generator said. Using oil-fueled power is far more expensive than energy generated by coal- and gas-fueled plants, EVN said. Hydropower only accounted for 27.62 percent of the total production in February, while the respective figures for thermal-power an ...

The incoming president of Mitsubishi Heavy Industries Ltd. has said a new company to be created through the integration of thermal power operations with Hitachi Ltd. will aim to achieve sales of up to ¥2 trillion. “We’d like to first catch up with Siemens (A.G.) at a certain time,” Senior Executive Vice President Shunichi Miyanaga, 64, who will take the helm of Mitsubishi Heavy in April, said recently. The ...

Coal India, the world's largest coal producer, plans to take a proposal of setting up a Rs 9,000 crore power plant in Odisha to its board for approval in the next couple of months. The 2x800 megawatt (MW) plant at the mouth of a coal field in the Mahanadi basin will mark the coal producer's foray into the power sector. Coal India Chairman and Managing Director S Narsing Rao said the company is looking at se ...

Exxon Mobil has launched an auction to sell up to US$2 billion (HK$15.5 billion) worth of shares in a Hong Kong power venture after a year-long effort to offload its holding to its partner yielded no result, sources familiar with the matter said. The world’s biggest oil company by market value has hired Barclays as an advisor for the sale of nearly half of its 60 per cent stake in Castle Peak Power as part ...

Independent power producers (IPPs) believe problems with acquiring a suitable new site and the wayleave for the transmission line for the proposed 2,000MW (2x1,000MW) coal-fired power plant tender will limit participation to companies with deep pockets and Tenaga Nasional Bhd (TNB). “It's going be quite difficult to find the right location for the project site and even more challenging to get landowners to ...

Chief Minister Jagadish Shettar has appealed to the Centre to set up an Ultra Mega Power Project (UMPP) at Niddodi village in Dakshina Kannada (D-K) district. In a letter addressed to Union Minister for Power Jyothiraditya Scindia, Shettar said on Saturday that the Central Electricity Authority has informed the Central Mine Planning and Design Institute (CMPDI), Ranchi that all the four sites proposed by it ...

Tokyo Electric Power Co. may suspend power supply to companies and factories that are refusing to accept the utility’s higher electricity rates, which it has increased since last April by an average of 14.9 percent, a company official said Wednesday. The utility, which is struggling because of the Fukushima No. 1 nuclear plant disaster that started in 2011, has been unable to renew around 1,100 contracts, a ...

China Huaneng's Group started operations at their $2-billion coal- fired power plant on Jurong Island last week, the plant represents one of the largest investments by a Chinese company in Singapore. The Tuas Power plant, called the Tembusu Multi-Utilities Complex, is fully owned by Huaneng Power International. It will be completed in 2017. The facility's opening comes at a time when foreign direct investme ...

The World Bank is discussing plans to add 120 MW of electricity in Myanmar - enough to provide power to five million people - in support of the Southeast Asian country's reforms after debt arrears were cleared, a senior bank official has recently said. "Unfortunately only 25 percent of the population have access to electricity, so clearly there is an enormous challenge and our medium-term agenda is to turn ...

Taking an initiative for low cost power generation, Burj Power Corp (Burj) is developing the first phase of a 500 (4x125) MW power plant at Port Qasim Karachi with Harbin Electric. Burj Power is a UAE based power project development and advisory firm developing projects in key markets of Middle East, Asia and Africa. It is also developing three wind power projects in Pakistan. The Company is a part of the B ...