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E.ON Names Board Member,Unit Chiefs In Management Revamp

E.ON Names Board Member,Unit Chiefs In Management Revamp

German utility E.ON AG (EOAN.XE) said Wednesday it has completed a reorganization of its top management level after appointing a new executive board member and naming new chief executives for its two biggest units.

Nigeria Vows To Pay Europe Cos Billions In Fuel Bills

Nigeria Vows To Pay Europe Cos Billions In Fuel Bills

Nigeria has pledged to pay billions of dollars in long-overdue bills this month for fuel imports, but its uneasy European trade partners aren't exactly holding their breath.

Russia Approves TNK-BP Carbon Emissions Project

Russia Approves TNK-BP Carbon Emissions Project

Russia has approved a project by TNK-BP Holding (TNBP.RS) to sell emissions reduction units, or ERUs, on the international market, the Anglo-Russian oil major said Wednesday.

China: 2009 Energy Consumption Lower Than US -Xinhua

China: 2009 Energy Consumption Lower Than US -Xinhua

China's National Energy Administration and the National Bureau of Statistics together said Wednesday that the country didn't surpass the U.S. to become the world's largest energy consumer in 2009, according to a Xinhua news agency report.

AES To Invest 4.3 Mln Euro in Bulgarian Town

AES To Invest 4.3 Mln Euro in Bulgarian Town

U.S. energy group AES would invest 8.5 million levs ($5.8 million/4.3 million euro) in the Bulgarian town of Galabovo where it is building a 670 MW thermal power plant, Bulgarian media reported on Tuesday

Israel Unlikely to Attack Iran Before U.S.- Castro

Israel Unlikely to Attack Iran Before U.S.- Castro

Israel will not be the first state to attack Iran, because such an act would make it an enemy of all nuclear powers, Cuban revolutionary leader Fidel Castro said in his Reflections column on the Cuba Debate website.

GDF Suez Confirms International Power Buy; 1H Net +9%

GDF Suez Confirms International Power Buy; 1H Net +9%

French utility GDF Suez SA (GSZ.FR) Tuesday confirmed it is acquiring a majority stake in the U.K. independent power company International Power PLC (IPR.LN) as it reported first-half net profit rose 9% and confirmed its forecasts through 2011.

China Starts Piloting Low-Carbon Provinces, Cities -Official

China Starts Piloting Low-Carbon Provinces, Cities -Official

China has assigned five provinces and eight cities to participate in a low-carbon pilot program as part of its efforts to reduce emissions, the National Development and Reform Commission, the country's top economy agency, said Tuesday.

Turkey Privatizes 75% Of Electricity Distribution -IHA

Turkey Privatizes 75% Of Electricity Distribution -IHA

Turkey has privatized 75% of its electricity distribution capabilities after auctioning four power grids Monday, Ihlas News Agency, or IHA, quotes Energy Minister Taner Yildiz as saying Tuesday.

China Orders 2,000 Firms To Shut Outdated Plants

China Orders 2,000 Firms To Shut Outdated Plants

The Chinese government has ordered over 2,000 firms in high-polluting and energy-intensive industries to shut down outdated plants in its latest efforts to cut pollution and restructure the economy.