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Industry News 2004 P55



UK regulator raises renewables buy-out price
UK energy regulator Ofgem yesterday set the buy-out price for the third year of the Renewables Obligation at a marginally increased rate of £31.39 ($56.5) per MWh.

Endesa plans €3.7bn investment in generation
Spanish electricity utility Endesa said on Thursday it would invest €3.7bn ($4.55bn) to boost its installed generating capacity in Spain by a quarter between 2004 and 2008.

Newly-released energy industry data show increased reporting of natural gas transactions
Newly released energy industry data show a significant increase in reporting of natural gas market transactions to price index publishers and exchanges.

Nigeria sets new target for power industry
Nigerian President Olusegun Obasanjo on Tuesday directed the Nigeria Electric Power Authority (NEPA) to strive to achieve the 10 000 MW target set for it by 2007.

Reports warn of UK power crisis
Britain is facing a looming energy crisis because of under- investment in the electricity network, an accelerating programme of power station closures and increased reliance on overseas gas supplies, the Government were warned yesterday.

Study to evaluate nuclear power as alternative to natural gas receives DOE financial assistance
The Texas Institute for the Advancement of Chemical Technology will receive financial assistance from the DOE to investigate meeting the energy needs of industrial end users via nuclear power.

Kenya plans SA power link
Kenya's electricity grid will be connected to the South African power pool after May this year, energy minister, Ochilo Ayacko disclosed last week.

American superconductor reports record performance for second generation HTS wire
American Superconductor Corporation, a leading electricity solutions company, today announced world-record performance in its second generation (2G) high temperature superconductor (HTS) wire.

Powerspan licenses mercury removal technology for power plants from the US DOE
Powerspan Corp., a clean energy technology company, has licensed a promising technology to capture and remove mercury from coal-fired power plants. Developed by the US Department of Energy's National Energy Technology Laboratory, the patented process uses ultraviolet light to oxidize and remove mercury. Powerspan has initiated a test programme to develop the process for commercial application.

First POWER-GEN Renewable Energy event proves highly successful
America's first all-renewables event, POWER-GEN Renewable Energy ended March 3, 2004, as a tremendous success, attracting more than 900 attendees and 69 exhibitors to its three-day conference and exhibition.

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