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Industry News 2005 P6



Fuel cell option could provide network relief
Fuel cell based power generation technologies are expected to play a large part in the UK's future energy landscape due to the state of the current transmission network, according to new research from Frost & Sullivan.

China predicts power surplus by 2010
China will be transformed from having significant undersupply of electricity to having a surplus during the upcoming Eleventh Five-Year Program period from 2006-2010, predicted Liu Zhenya, general manager of the State Grid Corporation of China.

Frost & Sullivan name Alstom Power energy company of the year
Power and energy industry leaders gathered last night to collect awards at the first annual Frost & Sullivan European Excellence in Energy Awards Banquet.

Solar energy demand drives company's $400m facility expansion
One of the world's largest producers of polycrystalline silicon, the cornerstone material used in the production of solar cells, is to begin a major expansion project at its facility later this month.

EGAT share sale halted
A court in Thailand has intervened to prevent the government proceeding with the $855m IPO of state-run power monopoly EGAT. A five-member panel at the Administrative Court following objections from a coalition of anti-privatization groups granted the injunction.

Venezuela loaned $750m for new hydropower plant
The Inter-American Development Bank has approved a $750m loan to Venezuela for the construction of a 2160 MW hydropower plant.

Renewables market set to double by 2008
The worldwide renewable energy market will nearly double in size from 2005 levels by 2008, according to a new report from the McIlvaine Company.

China spots way to encourage market forces
China's National Development and Reform Commission is to introduce the first spot market for electricity in the east of the country.

EC to put takeover ball back in Spanish court
European Union competition commissioner Neelie Kroes is expected to today refer the proposed €22.5bn ($26.3bn) takeover of Spanish energy group Endesa by Gas Natural to Spain's competition authorities

EBRD secures Lithuanian power supply
The European Bank for Reconstruction and Development is to provide a €90m ($105m) grant to secure Lithuania's power supply as the country prepares to close the Ignalina nuclear plant.

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