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Industry News 2006 P55



UCTE predict renewables growth will cause transmission problems
The development of renewable energy sources is likely to trigger a series of problems across the European electricity transmission system, according to a new forecast from the Union for the Coordination of Transmission of Electricity (UCTE).

Power price deal will determine Norwegian aluminium investment
The outcome of future negotiations between Russian electricity supplier RAO UES and Norway-based Hydro Aluminium will determine if a $2bn investment in a new aluminium plant in Russia will go ahead.

USA and Australia pledge funds for clean energy technology development
The USA and Australia have pledged a combined $128m to promote power generation technologies that will lower greenhouse gas emissions.

Oregon residents test Gridwise technology
Pacific Northwest National Laboratory announced Wednesday the launch of the Pacific Northwest GridWise Demonstration projects, a regional initiative to test and speed adoption of new smart grid technologies that can make the power grid more resilient and efficient.

Concern expressed over unregulated fixed energy contracts
Research group Datamonitor today warned UK energy consumers of the risks of signing up to capped or fixed price deals being offered by the major utilities and advised regulators to address this area.

Tax break drives US wind energy market
Both the US and Canada experienced record installations of wind power plant in 2005, but an even bigger boost is expected in 2006. In the US the growth has been spurred on by the extension of the production tax credit (PTC).

E.ON Rhurgas details launch of world's first commercial satellite positioning system
Utilities will soon have access to 30 commercial satellites for applications that use global navigation systems, according to the latest details given by the head of the EU backed project in Germany yesterday.

Spanish utilities remain on watch
Standard & Poor's Ratings Services said today that its 'A' long-term and 'A-1' short-term corporate credit ratings on Spanish utility Endesa S.A. and its 'A+' long-term and 'A-1' short-term corporate credit ratings on Spanish utilities Gas Natural SDG, S.A. and Iberdrola S.A. remain on CreditWatch with negative implications.

Report outlines credit risks for nuclear power companies
Nuclear power plant ownership tends to be less supportive of credit quality because it introduces added levels of operating, regulatory and environmental risk to a company's business profile, according to a new report published by Standard & Poor's Ratings Services.

China sets out five-year grid development plans
China's State Grid Corporation of China (SGCC) says it plans to substantially reform the country's power transmission networks, under its 2006-2010 development plan.

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