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Industry News 2005 P2



Four new DOE coal and power R&D projects announced
The US Department of Energy announced Thursday the selection of four new projects under its Coal and Power R&D Programme. Project teams will research advanced coal-gasification technologies for the co production of power and hydrogen or substitute natural gas (SNG).

US merchant generation assets set for rebound
Prices for US merchant power assets appear to have halted a three-year free fall and now more than 100 000 MW of electricity generating capacity is expected to change hands over the coming 12 to 18 months, according to a new research report.

IFC launches sustainable energy fund
The private sector arm of the World Bank Group has launched a $14m fund that will finance sustainable energy projects in Central America, Brazil, China and Southeast Asia.

Study to consider first nuclear power plant in Indonesia
Indonesian state-owned power company PLN is to team up with Korea Hydro and Nuclear Power Co. to carry out a feasibility study on building the country's first nuclear power plant.

Agreement promises first commercial UK wave farm
KP Renewables said today it has entered into a joint-development agreement with Wave Dragon Limited which provides a framework for the two stage development, financing, construction and operation of up to 77 MW of wave energy projects in Wales.

UK considers promoting micro generation
The UK could push the development of mini wind turbines, solar panels and other small-scale technologies after the government's Department of Trade and Industry (DTI) backed the findings of a new report.

Atlantic City uses renewable energy for wastewater plant
Atlantic County's wastewater treatment plant will be the first in the United States to be powered by a system that combines solar energy arrays with a wind farm.

Microgeneration stakes claim in UK energy mix
Mini wind turbines, solar panels and other small scale technologies could provide a substantial portion of the UK's energy needs by 2050, according to a new report from the Energy Saving Trust, that is published today.

Doubt over RAO future prompts rating review
Standard & Poor's Ratings Services said today it revised its outlook on Russia-based state-controlled energy utility group RAO UES of Russia to developing from stable. At the same time, Standard & Poor's affirmed its 'B+' long-term corporate credit rating and 'ruA+' Russia national scale rating on RAO UES.

Iran invites US to bid for nuclear contracts
An Iranian official has said that the United States would be welcome to tender for contracts to build new nuclear power capacity in the country despite the US leading calls for Iran to face the UN Security Council for its nuclear programme.

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