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February 2009
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Two cheers for EU energy-climate package
There was a collective sigh of relief at the end of last year when the European Union legislators finally agreed on an energy-climate package.
Retro chic: advanced dual fuel stationary engines
Engine manufacturer MAN Diesel has completed the first retrofit of its dual fuel technology on an existing heavy fuel engine at a cogeneration power plant in Portugal.
Black to green: Abu Dhabi leads the way
The second annual World Future Energy Summit took place in Abu Dhabi last month amid much fanfare and expectation.
Equipment Roundup
The new Origo/Aristo range of CC/CV welding machines have been designed to give the high level flexibility required by such market sectors as energy and civil construction.
The economics of low carbon power in a capital constrained world
Professor Dieter Helm CBE is an energy economist and Professor of Energy Policy, University of Oxford.
Russia gets cosy with former Cold War ally
Although Russia’s image on the world stage is one of a strong independent country, in these days of globalization even the Great Bear is not immune to the continued global financial crisis.
Obama set to turn the US energy sector on its head
With Barack Obama now settled in the White House, the United States’ energy sector may be about to undergo a revolution.
INTERNATIONAL
The global carbon market in 2008 more than doubled in value from 2007 to €92bn ($125bn), according to the recent Carbon Market Monitor report, published by market analysts Point Carbon.
EUROPE
The European Commission has earmarked €1.25bn ($1.63bn) for carbon capture and storage (CCS) projects, €500m for offshore wind projects and €1.75bn for gas and electricity interconnection projects from leftover funds.
ASIA-PACIFIC
Power Grid Corporation of India Limited (PGCIL), the government owned power transmission company, has inked a loan agreement for $400m with the World Bank.
AMERICAS
Wholesale power supplier AMP-Ohio is to partner with Bechtel Power Corporation in the construction of a major coal fired generating plant and associated facilities adjacent to the Ohio River in southeast Ohio.
COMPANIES
German utility RWE has struck a €9.3bn ($12.1bn) deal to buy the Netherlands, power company Essent, in what is the largest deal of the year so far.
GensetRoundup
Lister Petter, a leading manufacturer of diesel and gas powered engines and generating sets, has announced the launch of two major initiatives to benefit new and existing customers worldwide.
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