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Industry News 2005 P5



EU wide Biomass Action Plan will be implemented, says EC officer
The European Union will have a Biomass Action Plan in place in the near future despite it not being adopted as hoped on Wednesday, said an EC representative at a conference in London yesterday.

Major investment planned for China's grid
China's two power grid operators are to invest a combined total of yuan1200bn ($148.5bn) over the next five years on projects to expand electricity networks.

Finland sets out plan to reach Kyoto goals
A government report into Finland's future energy and climate policy is being submitted to its parliament and will recommend greater investment in energy efficiency and renewables in order for Finland to meet its Kyoto commitments in the period 2008-2012.

PPL tenders projects worth $6.15bn for Indonesian power needs
Indonesia will need to spent $6.15bn on its electricity infrastructure over the next two years, according to Eddie Widiono, president of state owned electricity company PT PLN.

European consumers are still ahead with power pricing
Eurelectric, the organization that represents Europe's electricity sector, yesterday issued a statement in which it rebuked recent accusations of profiteering and pointed to a recent Kema study showing a price reductions of 15 per cent in real terms between 1995 and the end of 2004.

Dominion announces emissions reduction programme
Dominion, one of America's largest energy producers, announced Tuesday that it plans to spend about $500m to install additional emissions controls on coal fired power stations in Virginia.

Elsam holds first virtual capacity auction
Elsam has completed the Nordic electricity market's first auction of virtual power plant capacity with the sale of 250 MW to six companies.

EU energy market blamed for inflated prices
The UK Energy Minister has called for full and frank discussions with his European counterparts on the "serious malfunctions" identified by the Commission in the European energy market.

DOE selects projects to minimize power plant water use
As part of an expanding effort to address the critical link between energy and water, the US Department of Energy (DOE) has selected seven projects aimed at reducing the amount of freshwater needed by coal-fired power plants.

Scottish Power rejects EON approaches
Scottish Power said today it had called of discussions with E.ON having rejected a bid offer from the German utility.

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