English Edition

50 Years of OPEC

50 Years of OPEC

Fifty years ago, five countries initiated bold discussions on ways to increase the price of crude oil produced by their respective countries. The talks that followed lasted four days, from September 10 - 14, 1960.

China Clean Energy Plan Hinges on Coal Price

China Clean Energy Plan Hinges on Coal Price

China's $736-billion push to harness nuclear, wind, solar and biomass energy hinges on making the cleaner fuels competitive with cheap and CO2-intensive coal without derailing surging industrial growth.

PPC in Negotiations to Build the Biggest PV Park in the World in Kozani, Greece

PPC in Negotiations to Build the Biggest PV Park in the World in Kozani, Greece

The biggest PV park in the world is going to be built in Kozani , Greece , by the national power company, PPC, with an estimated 200MW capacity. Its cost is projected at 600 million euros and the park will be constructed by a consortium, in which PPC will participate with 51%. Already there is an expressed international interest for the project by companies like the American AES. So far, the greatest PV park globally is the one in La Mancha , Spain , with a capacity of 60MW.

South Korea, Bolivia Sign MoU On Lithium Development

South Korea, Bolivia Sign MoU On Lithium Development

South Korea and Bolivia signed a memorandum of understanding Thursday on development of lithium resources in the South American country, which has the world's largest reserves of the metal, a vital raw material for the batteries that run electric cars, laptops, digital cameras and mobile phones.

Greeces PPC 2Q Net Profit Drops 60% To EUR90.4M

Greece's PPC 2Q Net Profit Drops 60% To EUR90.4M

Greek state-controlled electric utility Public Power Corp. SA (PPC.AT) said Thursday its second-quarter net profit dropped 60% on falling sales and rising costs but added it was on course to meet full-year targets.

Sinohydro Starts Building Ecuadors Largest Hydropower Project

Sinohydro Starts Building Ecuador's Largest Hydropower Project

China's Sinohydro Corp. has started construction of the 1,500 megawatt-capacity Coca Codo Sinclair hydropower station, the largest hydropower project in Ecuador, China Electric Power News said Thursday.

Merkel Says Nuclear Tax To Help Reduce Budget Deficit

Merkel Says Nuclear Tax To Help Reduce Budget Deficit

German Chancellor Angela Merkel said Thursday that the proposed levy on nuclear fuel rods, which utilities have said would eat into their profits, is part of the government's efforts to reduce the public budget deficit.

Syria Seeks First Foreign Investment In Power Plants

Syria Seeks First Foreign Investment In Power Plants

Syria wants international companies to set up the country's first private power generation plant north of the capital Damascus at a cost of about $300 million as it seeks to open up more of its economy to foreign investment.

Nigerian President Wants To Privatize Electricity Sector

Nigerian President Wants To Privatize Electricity Sector

Nigerian President Goodluck Jonathan Thursday laid out plans to privatize most of the country's power sector, with corruption and mismanagement leading to daily outages in the oil-rich nation.

PPC Consolidated 1H 2010 Financial Results

PPC Consolidated 1H 2010 Financial Results

EBT in 1H 2010 amounted to € 463.6 m, compared to € 636.3 m in 1H 2009, a decrease of € 172.7 m (-27.1%), while net income amounted to € 347.9 m, versus € 475.2 m respectively, a reduction of € 127.3 m (-26.8%).

Iran Eyes Nuclear Fuel Consortium with Russia

Iran Eyes Nuclear Fuel Consortium with Russia

Iran has proposed to Russia establishing a nuclear consortium to supply fuel to the Bushehr plant and other nuclear power plants that will be set up in the future, Iran's nuclear chief said on Thursday.

China Plans Three Pipelines

China Plans Three Pipelines

The Yunnan Information Daily said the local branch company of the China National Petroleum Corporation (CNPC) had already drawn up environmental impact assessments for a network of three product oil pipelines connecting the provincial capital, Kunming, with the cities of Anning, Quqing, Chuxiong, Dali, Yuxi and Baoshan.