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Hungary’s electricity consumption reaches 42.5 TW in 2014: Mavir

BUDAPEST: Hungary’s gross electricity consumption increased to 42.5 TW last year, with imports accounting for 31.4% of total electricity consumed, data from transmission system operator Mavir reveal, according to Hungarian news agency MTI. Data from Mavir suggest that generator capacity reached 7,290.4 MW, while the gross nameplate capacity of Hungarian power plants stood at 8,936.4 MW by the end of ... Read More »

National Grid says electricity blackouts risk up

DUBLIN: The risk of blackouts this winter has increased compared with a year ago, according to National Grid. It says the closure of some power stations will have left spare capacity on the system at just 1.2%, the worst for a decade. It has secured extra supplies by paying tens of millions of pounds to have several plants on standby ... Read More »

Finland’s oil prices, electricity down in Q1-2015

HELSINKI: Consumer prices of liquid fuels fell clearly in the first quarter of 2015, which was a consequence of the fallen world market price of crude oil, according to Statistics Finland’s data. The price of electricity was also falling in the Nordic electricity exchange. This was visible in lower prices of electricity for enterprise and corporate customers. Changes in tax ... Read More »

Electricity prices shows improvement for business users in Northern Ireland

DUBLIN: A report on electricity prices shows an improvement for medium and large business users in Northern Ireland during 2014. They are, however, still among the highest in the European Union. But the report by the Utility Regulator shows how energy costs have fallen from their peak around 18 months ago. Northern Ireland is reaping the benefits of increased competition, ... Read More »

Electricity prices shows improvement for business users in Northern Ireland

DUBLIN: A report on electricity prices shows an improvement for medium and large business users in Northern Ireland during 2014. They are, however, still among the highest in the European Union. But the report by the Utility Regulator shows how energy costs have fallen from their peak around 18 months ago. Northern Ireland is reaping the benefits of increased competition, ... Read More »

South African electricity rate hike to hinge on Eskom tariff

CAPE TOWN: The electricity tariff hike the National Energy Regulator of SA (Nersa) grants Eskom next month will likely determine how soon the South African Reserve Bank increases rates this year. On Thursday, in keeping the repo rate on hold at 5.75%, Reserve Bank Governor Lesetja Kganyago warned that the “unchanged stance cannot be maintained indefinitely”. This is the second ... Read More »

EU members to provide 27% share of renewable energies by 2030

COPENHAGEN: The EU requires its member states to provide a a 27% share of renewable energies by 2030—up from a 23.3% share of the overall electricity generated in Europe in 2012. Thus, wind power is on the rise. But its success depends on European countries’ renewable energy policies, which have a knock on effect on raising electricity bills. Read More »

South Africa to get 1121MW of electricity from 13 independent IPPs in 2015

CAPE TOWN: Energy Minister Tina Joemat-Pettersson announced on Thursday that South Africa’s Energy Department approved bids from 13 independent power producers (IPPs) who, combined, are expected to add 1 121 megawatts of electricity to the country’s power grid. Addressing journalists in Cape Town, Joemat-Pettersson said the department issued confirmation letters to the bidders for the fourth bid submission phase of ... Read More »

Belgians paying 75% more for electricity than residents in Netherlands, France, Germany

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France, Spain open cross-border power line with capacity from 1,400-2,800MGW

MADRID:  France and Spain have inaugurated a cross-border power line, doubling the amount of electricity the countries can exchange as the European Union pushes for stronger ties between national grid systems within the bloc. It has capacity from 1,400MGW to 2,800MGW. The Santa Llogaia-Baixas link will raise electricity inter connection capacity between France and Spain to 2,800 megawatts from 1,400 ... Read More »

Hungary’s Socialist party insists on gas, electricity price cuts

HUNGARY: The retail price cuts have been demanded in Hungary by the Socialist party, for the commodities of gas, electricity and heating. A 20 percent cut in gas price, 10 percent cut in electricity and heating prices have been suggested by them due to globally shrinking price trends. Bertalan Toth, the deputy group leader of the party, told a press ... Read More »

Iran to supply electricity to Afghan province Farah in 18 months

KABUL: Engineers of Afghanistan’s Ministry of Water and Energy have completed the survey to supply electricity from Iran to Farah province here the other day. Western Farah province will receive electricity from Iran through Sistan Baluchistan in 18 months as per the agreement signed last month. According to officials, Iran has agreed to bear USD 10mn of the project’s cost ... Read More »

Russia agrees to supply coal, electricity to Ukraine

KIEV: Russia has agreed on a deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to separatist conflict in the industrial east. Deputy Prime Minister Dmitry Peskov said Russia will supply coal and electricity to Kiev without advance payment as a goodwill gesture from President Vladimir Putin. Peskov said Putin made ... Read More »

Prolonged power outages: Elahi says not a single MW added to national grid

LAHORE: Pakistan Muslim League-Quid (PML-Q) leader Chaudhry Pervaiz Elahi, criticising the government over prolonged power loadshedding, has said that not a single megawatt of the electricity has been added to the national grid despite the tall claims of the government. Ch Pervaiz Elahi said that masses were in dire need of gas and electricity as such hours-long interruptions were making ... Read More »

1000MW electricity production thru LNG system in mid 2015: Asif

SIALKOT: Federal Minister for Water and Power  Khawaja Muhammad Asif has said that the government has focused on developing the LNG system for power generation purposes in the country, saying that the LNG system would be helpful in producing the cheaper electricity. He said that the government would soon lay down a LNG pipeline between Karachi-Sindh and Punjab. He said ... Read More »

After Rs19/litre cut in petrol prices, govt to decrease power tariff in two days

ISLAMABAD: The government is going to announce huge cut in electricity tariffs within two days, revealed the Spokesman to the Prime Minister, Musadik Malik, while talking to the media. He said that earlier the government had also decreased the petroleum prices by Rs19 per litre during 30 days. He said that the government was struggling to tackle power crisis on priority and ... Read More »

After Rs19/litre cut in petrol prices, govt to decrease power tariff in two days

ISLAMABAD: The government is going to announce huge cut in electricity tariffs within two days, revealed the Spokesman to the Prime Minister, Musadik Malik, while talking to the media. He said that earlier the government had also decreased the petroleum prices by Rs19 per litre during 30 days. He said that the government was struggling to tackle power crisis on priority and ... Read More »

1174MW electricity to be imported from Iran

ISLAMABAD: Federal Finance Minister Ishaq Dar and his Iranian counterpart Dr Ali Taieb Nia have inaugurated the 19th meeting of the Pakistan-Iran Joint Economic Commission (JEC) with their addresses and hoped that four memorandums of understanding (MoUs) will be signed during the meeting. Sources said that out of the 12 MoUs under consideration, four will be signed between the two ... Read More »

1000MW at 9.35 cents: Pakistan signs CASA pact with Afghanistan, Tajikistan, Kyrgyzstan

ISTANBUL: Pakistan on Thursday signed an agreement with Afghanistan, Tajikistan and Kyrgyzstan in Istanbul to import 1,000 megawatt electricity under the CASA-1000 project. The Minister for Water and Power Khawaja Muhammad Asif led the Pakistani delegation while Tajikistan’s delegation was led by the Deputy Prime Minister, and Afghan as well as Kyrgyz delegations were led by their respective energy ministers. ... Read More »

80mmcf gas sought for 200MW power generation, KP industries

PESHAWAR: Khyber Pakhtunkhwa (KP) has demanded gas for power generation and Chief Minister Pervez Khattak has written several letters to Federal Minister for Petroleum and Natural Resources and Prime Minister in this regard. KP Board of Investment and Trade (KP BoIT) Vice Chairman Mohsin Aziz, while talking to the journalists, called for provision of 40mmcf gas to the province for ... Read More »