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Industry News 2007 P8



Power Engineering Magazine names Projects of the Year awards finalists
Power Engineering magazine and PennWell Corp. have announced eight finalists for the annual Projects of the Year Awards program.

Poland-Lithuania interconnection deal postponed
The hotly awaited 'energy bridge' deal between Lithuania and Poland to connect their electrical networks has been postponed, the Associated Press (AP) has reported.

Photovoltaic projects continue to gain momentum in Spain
According to a report by Reuters, Spain's number of photovoltaic (PV) solar power plants is increasing, and looks set to exceed the government's expectations in the not too distant future.

Carbon Capture and Storage Association condemns UK government's competition decision
The Carbon Capture and Storage Association (CCSA) has berated the UK government's decision to disregard pre-combustion from its forthcoming carbon capture and storage (CCS) competition, saying that the move would lead to the abandonment of several projects.

EPA to develop CO2 sequestration rules
EPA plans to develop regulations for geologic sequestration of CO2.

TXU Corp. completes acquisition
TXU completed its merger with Texas Energy Future Holdings Limited Partnership.

New Zealand issues ten-year ban on new thermal power plants
New Zealand is telling its state-owned electricity generators not to build any thermal power plants - which burn fossil fuels - over the next 10 years and is also considering applying the ban to privately owned power companies.

Russia's Inter RAO UES to hold IPO in 2009
Inter RAO UES, the Russian electricity monopoly's import and export operator, intends to hold an initial public offering (IPO) in 2009, the company's general director has said.

DOE announces final rule for loan guarantee program
The Department of Energy has issued the final regulations for the loan guarantee program authorized by Title XVII of the Energy Policy Act of 2005.

German 2008 power price hits high as coal rises to $100/tonne
German electricity prices for next year climbed to their highest since June as coal costs advanced to $100 a metric tonne for the first time.

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