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Greece Wont Need Rescue Package on Debt, Papaconstantinou Says

Greece Wont Need Rescue Package on Debt, Papaconstantinou Says

Greece won’t need a rescue package to tame the European Union’s biggest budget deficit, Finance Minister George Papaconstantinou said as the risk premium on holding Greek government debt rose to the highest since the launch of the euro.

Serbian Power

Serbian Power

Serbia’s biggest coal-fired power plant complex, which accounts for half the country’s electricity generation, will boost output in 2010 to 20.1 billion kilowatt-hours from 19.5 kWh in 2009, an official said.

Germany Proposes 15% Cut In Solar Subsidies

Germany Proposes 15% Cut In Solar Subsidies

The German government is proposing a cut of 15% on the subsidies it gives solar-power providers, Environment Minister Norbert Roettgen said Wednesday, reflecting what the government deems the sector's success, but the move drew sharp criticism from the industry.

German Minister: Solar Can Be More Than Niche Technology

German Minister: Solar Can Be More Than Niche Technology

Photovoltaic solar power plants can make the transition from a niche technology to an integral sector of German power production, the country's environment minister said Wednesday.

Copenhagen Prompts Nations To Take Own Path-UK Science Head

Copenhagen Prompts Nations To Take Own Path-UK Science Head

The failure of last year's Copenhagen climate summit to produce a binding global agreement on reducing greenhouse gases is forcing governments and companies to take a more "bottom-up" approach to cutting emissions, the U.K.'s Chief Scientific Adviser John Beddington said Wednesday.

Oil Falls On China Monetary Policy Concerns

Oil Falls On China Monetary Policy Concerns

Crude futures are down Wednesday on concerns of a tightening in China's monetary policy, which renewed worries about a potential slowdown in commodity demand.

Iran Enters Talks On Supplying Iraq With Natural Gas

Iran Enters Talks On Supplying Iraq With Natural Gas

Iran and Iraq have begun talks that could see the former supplying its neighbor with natural gas, state-run news agency Press TV reports on its Web site Wednesday, citing a senior Iranian gas official.

Europe’s Growing Offshore Wind Capacity

Europe’s Growing Offshore Wind Capacity

Europe’s fledgling offshore wind industry will grow this year by 1,000 megawatts, or 75 percent, the European Wind Energy Association forecast in a report Monday, 18/01/2010.

IEA: Turkey Expects To Emerge From Oil Stocks Dip

IEA: Turkey Expects To Emerge From Oil Stocks Dip

Turkey dipped below the International Energy Agency's required oil-stock level in October, the latest data show, but the country expects November data to show its stock levels to be back in line with the requirement, an official from the IEA said Tuesday.

Russia To Send Envoy To Ukraine After Freeze In Ties

Russia To Send Envoy To Ukraine After Freeze In Ties

Russian President Dmitry Medvedev said Tuesday he would send an ambassador to Kiev after a five-month freeze, news agencies reported, following the election defeat of Ukraine's pro-Western president.

Enel To Talk With Possible Partners On Nuclear Program

Enel To Talk With Possible Partners On Nuclear Program

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said Tuesday the company is starting talks with potential Italian and international partners for its nuclear power program. Enel and France's Electricite de France SA (EDF.FR) are together investing in the company's EUR16 billion to EUR18 billion nuclear program.

Statoil Wins Exploration Licenses

Statoil Wins Exploration Licenses

Norwegian oil company Statoil ASA (STO) said Tuesday it has been awarded shares in eight exploration licenses on Norway's continental shelf by the Ministry of Petroleum and Energy.

Iran Sees, Welcomes Wests New Realism On Nuclear Ambitions

Iran Sees, Welcomes West's New 'Realism' On Nuclear Ambitions

Iran on Tuesday welcomed what it called the West's newfound "realism" on Tehran's controversial nuclear program after world powers failed to decide on new sanctions. Foreign Ministry spokesman Ramin Mehmanparast told reporters: "Speaking of sanctions is repetitive and it isn't constructive.