GE’s accounting practices under investigation

General Electric (GE) is under investigation by the US Securities and Exchange Commission (SEC) over its accounting practices. The company said the securities watchdog is looking at the way it valued long term maintenance deals for power plants, jet engines and other industrial equipment. The investigation also focuses on a $15 billion (£10.6bn) charge linked […]

Siemens to modernise four power plants in Iraq

Siemens has inked a deal with Iraq’s Ministry of Electricity to modernise four power plants in the country. With 15,700MW of available power generating capacity, the government is working towards improving the availability and reliability of power supply while minimising losses. Siemens said the multi-million euro service contracts will see the company enhance the efficiency […]

Centrica to sell two gas power plants for £318m

Centrica is to sell two operational combined cycle gas turbine (CCGT) power stations for £318 million. It is part of its strategy to invest more in the growing home services market and flexible generation. The Langage and South Humber Bank CCGT plants, which have a combined capacity of 2.3GW, are being sold to EP UK […]

EU nations ‘must back new coal plant standards’

A wind energy advocacy group has called on EU Member States to push through new standards for fossil fuel plants. Today, European nations are due to vote whether to accept an updated set of environmental rules for coal and lignite-fired power plants. WindEurope claims some governments seek to protect these industrial sectors by demanding a weakening of the proposed emissions limits. It’s calling on EU Member States to […]

US power plants emissions fell by 6.2% in 2015

Greenhouse gas emissions from power plants in the US fell by 6.2% in 2015. They emitted around two billion metric tons, accounting for 30% of the country’s GHG pollution, new data from the Environmental Protection Agency (EPA) has revealed. The data gathered is from more than 8,000 large facilities in the country, out of which […]

Siemens and Iraq ink energy deal

Siemens is to help Iraq modernise its energy infrastructure and the oil and gas sector. It has signed a Memorandum of Understanding with the Federal Government of the Republic of Iraq to strengthen collaboration with the Ministry of Energy and the Ministry of Oil & Gas. The technology giant will develop an enhanced energy concept […]

UK approves two new gas-fired power plants

Two new gas-fired power stations have been given the thumbs up by the UK Government. Progress Power and Hirwaun Power will build the plants – which will have a total capacity of 299MW – in Eye, Suffolk and near Aberdare in South Wales. Both will operate as “peaking” plants, i.e. they will provide electricity when […]

We’re A-OK for winter gas – but power is a problem says National Grid

A heightened risk of blackouts is on the horizon this winter with power margins looking particularly tight, according to National Grid’s annual report. The grid operator’s Winter Outlook published today described the UK’s gas supply position as “strong” but it’s a bleaker picture for power. It has three power plants on standby for emergencies, under […]

US unveils new plan to slash power plant emissions

The US power sector must cut carbon emissions by 30% by 2030 compared to 2005 levels under new rules proposed by the Government. The Environmental Protection Agency (EPA) unveiled new guidelines under the Clean Power Plan proposal, which is expected to move the US towards a “cleaner environment and help fight climate change”. It follows […]

US environment body takes public views on carbon standards for power plants

Today the United States’ Environmental Protection Agency (EPA) is holding a public hearing on plans for more stringent pollution standards in power stations. The hearing in Washington D.C. will last all day and take views from the public on proposals to bring in a national limit for the amount of carbon emitted by new power […]