Alstom Builds Gas Power Plant For TPG

Tuas Power Generation (TPG) has awarded Alstom - a world leader in power generation, with the contract to build a brand new new gas-fired combined cycle power plant in Singapore – in a deal said to be worth $365 million. Under the terms of the agreement, Alstom will be responsible for the engineering, procurement & construction (EPC) of the new 400MW (megawatt) gas-fired plant, and in addition will provide TPG with a ... More

UK Seizes Offshore Turbine Manufacturing Opportunities

The UK is set to become the leading European country for offshore wind turbine manufacturing - after three major companies commit to building plants in the country. Siemens AG (Germany), General Electric (Connecticut) and Gamesa Corporation S.A. (Spain) have each confirmed their plans to build turbine-manufacturing plants in the UK. This news comes as the government also revealed that it is going to invest £60 million in developing the country's ports ... More

Siemens New Turbine Shop

After receiving government assurances on a £60 million port development project, Siemens is finalising plans to build a brand new factory in Britain for the new generation of offshore wind turbines. Although the exact location is still to be decided, Siemens has put together a list of potential sites for the facility – which will employ 700 workers, from East and Northeast regions. Once built, the factory will make the Siemens ... More

Oil And Gas Grants

The Department of Energy and Climate Change (DECC) has awarded the next round of oil and gas exploration licences with the industry still keen to develop the UK’s North Sea resources. In this 26th licensing round, a total of 144 licences have been granted for the extraction of oil and gas from UK waters - covering 268 blocks (just under the 303 blocks that were awarded in the ... More

Funding Is In The Post

According to the Department of Business, Innovation and Skills (BIS) - funding worth £1.3 billion has been earmarked for the maintenance and modernisation of the UK’s Post Office network. The funding will be made available over the next four years, and making the announcement, Business Secretary Vince Cable said: "The Post Office network is a cornerstone of British life. Our £1.3 billion funding package will reverse the years of decline and ... More

Electricity Imports Increase In France

Utility Exchange last week reported that France had been forced to import electricity into the country on account of the strikes and demonstrations that have been taking place. The second-largest power market in Europe is still a net importer of electricity as striking workers reduce output at nuclear and thermal plants with units also halted for maintenance. Yesterday imports were due to peak between 9 am and ... More

First Utility Smart As Standard

Leading independent energy supplier, First Utility, has launched a brand tariff - Smart as Standard, which not only celebrates the launch of its national smart meter roll-out, but also becomes the cheapest standard tariff on the market. Consumers switching to First Utility’s Smart as Standard Tariff will receive a free energy smart meter – the brand new smarter energy meter designed to replace old fashioned gas and electricity ... More

EDF Pays For Nuclear Venture

In an attempt to avoid a $2 billion obligation, energy giant Electricite de France SA – EDF, has agreed to purchase the half of a nuclear venture it doesn’t own from partner Constellation Energy Group Inc. for an amount said to be worth $249 million – in both cash and shares. Constellation, which is based in Baltimore, is set to receive $140 million in cash together with 3.5 million of ... More

Shell Q3 Statement

Royal Dutch Shell Plc (Shell) - the biggest oil company in Europe, has announced its third quarter results (Q3) reporting a net profit increase of 6.5% as a result of increased production and a rise in oil prices - more than offsetting one-off charges at its refining division and Canadian operations. Shell has announced a net profit of $3.46 billion, up from $3.25 billion for the same period last year. The oil ... More

UKFast Set For Cheaper, Greener Energy

UKFast - an internet hosing company, has unveiled its cheaper, greener energy plans with the help of a £12.5 million investment in hyro-electric power - HEP. The energy conscious business from Manchester recently invested £3 million in a new datacentre in the city and has also set up UKFast Energy – a brand new company dedicated to the development of HEP. UKFast’s founder and MD, Lawrence Jones, has taken inspiration from ... More

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