Power Sector

GE’s Abate Will Soon Finalize It’s Solar-Plant Site

GE’s Abate Will Soon Finalize It’s Solar-Plant Site

General Electric Co. (GE) has some good plans for putting up the country’s largest US solar-panel plant. Though the company has yet to decide upon the location but it definitely has about three months in hands to finalize one.

Aggreko Suffers Loss of Business

Aggreko Suffers Loss of Business

Chief Executive Officer of Aggreko, Ruper Soames, was not able to tickle the funny bone of investors as he joked, “We might get the tiddlywinks championship, if we’re lucky”. The comment made by Soames was an excuse for the lack of profits earned this year.

Li Ka-shing will acquire EON AG’s Britain Unit

Li Ka-shing will acquire EON AG’s Britain Unit

Hong Kong billionaire Li Ka-shing is supposed to be close to secure a 3.7 billion pounds or 5.95 billion dollars worth bid for German utility giant E. ON AG's (EONGY. PK: News ) U. K. power unit. From the deal the octogenarian billionaire will get control over half of Britain's electricity network.

Drax, the power station owner sees profits growing by sixty one percent

Drax, the power station owner sees profits growing by sixty one percent

In the year ending December 31, pre-tax profits went up by sixty one percent to two hundred and fifty five million pounds, twelve percent higher at £1.65bn. Profits went up by a more modest ten percent when losses from derivative contracts are taken out. A final dividend of 17.9p will be paid on May 13, taking the total dividend to thirty two pence. .

Sudden outages to prevent total blackout outraged citizens

Sudden outages to prevent total blackout outraged citizens

The grid operators of the Texas electricity grid announced on Thursday that the blackout that affected the city severely is finally over and that the interruption in the supply of power was due to coal plant failures. They said that they are currently trying to find out what went wrong which lead up to such a power debacle in the city.

UGE Comes Out with Hybrid Street Lights

UGE Comes Out with Hybrid Street Lights

A New York City based venture that produces small wind turbines has recently developed an intriguing form of streetlights. Apparently, the new innovative invention uses both solar and wind energy, and is a hybrid between wind and solar energy technology.

The new device will be manufactured for highways and parking spaces.

Aggreko’s Shares Increased, Thanks to Encouraging Forecast

Aggreko’s Shares Increased, Thanks to Encouraging Forecast

On Friday, Aggreko, a temporary power Company based in Glasgow, Scotland forecasted its yearly pre-tax profits to increase by 25%, thus reaching to £305 million, which is a little more than the £300m figure, it predicted in October.

Power station protesters guilty; to be sentenced on Friday

Power station protesters guilty; to be sentenced on Friday

According to a confirmation by the police on Tuesday, all the 20 protesters - who were among the 114 people detained on Easter Monday, April 13, 2009, for allegedly planning to shut down E. ON's coal-fired Ratcliffe-on-Soar power station in Nottinghamshire, UK - have been convicted of conspiracy to commit aggravated trespass.

Trust power on high

Trust power on high

Trust power is a New Zealand owned company. The company has lately got the opportunity to build the hydroelectric power scheme in Wairau River in Marlborough.

This company is a New Zealand born company where company has 88 per cent stake. Trust power as they had trust on this company is a foreign based ownership company. Its manager is Graeme Purches.

Aggreko Strengthens Its Foothold in North America By Acquiring Northland Power Services

Aggreko Strengthens Its Foothold in North America By Acquiring Northland Power ServicesAggreko, a temporary power Company based in Glasgow has acquired a renowned power solutions provider for $26 million, which has boosted up its existence in North America.

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