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Industry News 2004 P20



New plans to bolster UK renewable energy
New moves to encourage further investment in renewable energy were outlined by UK Energy Minister Stephen Timms today.

UK wave and tidal renewable energy steps up
Four organisations have joined forces to drive forward the development of wave and tidal renewable energy in response to the UK Government's £50m ($88.7m) marine development fund.

Increases in outsourcing expected in the energy and utility Industry
Although spending on IT outsourcing services in the energy and utility industry is slightly down this year, META Group expects to see growth in 2005, according to preliminary results of its annual energy and utility industry IT spending study.

EDF Energy agrees managed services deal with Computacenter
Cost reduction and service improvement are two of the main drivers behind a new IT managed services contract between EDF Energy and Computacenter.

EU accession countries likely to attract the bulk of new European electric power investment
The large majority of future investment and growth in the European electric power industry is likely to take place in the new European Union (EU) Accession countries because they offer the highest investment potential based on growing demand and meaningful market liberalization, according to an analysis by energy industry consultancy London Economics International (LEI).

Blackout prompts Bahrain investment
Bahrain's Electricity Ministry has asked the government for BD 700 million dinars ($1,85bn) to carry out upgrade its power facilities after a blackout last week left the country without electricity or air conditioning.

Grid operator Terna assessed as stable by S & P
Standard & Poor's Ratings Services said today that it has assigned its 'AA-' long-term and 'A-1+' short-term corporate credit ratings to Terna SpA, the owner of about 94 per cent of Italy's electricity transmission network. The outlook is stable.

UAE Northern Emirates' power demand to double in five years
Demand for power in UAE's Northern Emirates is expected to double from 1140 MW in the next five years, power industry experts say. Fujairah Electricity and Water Supply, FEWA, and Union Water and Electricity Company, UWEC are meeting the existing demand of 1140 MW.

Pelamis wave energy device installed at EMEC centre
Ocean Power Delivery's Pelamis Wave Energy Converter (WEC), has been successfully installed at the newly opened European Marine Energy Centre (EMEC) in Orkney producing the first electricity from offshore wave power generated into the UK grid.

National Grid appointed GB system operator
A single electricity market for the whole of Britain was a step closer today after National Grid Company's appointment as the GB System Operator under the British Electricity Trading and Transmission Arrangements (BETTA).

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