BlackRock warns Korean utility on overseas coal plant push
BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia.
power plants
Vietnam’s National Assembly vote to scrap nuclear power plants
Vietnam's National Assembly has voted to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan.
Climate change “could reduce global electricity production” study warns
Power plants across the globe could have their ability to produce electricity significantly affected by the impacts of climate change, a study has claimed.
Legal challenge over power subsidy
A scheme to pay power companies to ensure there is enough back-up to meet peaks in electricity demand is facing a legal challenge over concerns it is an unlawful subsidy. The “capacity market” will see energy generators bidding for payments to bring power plants online to meet peak demand or to companies to reduce power use. But an independent company, Tempus Energy, is submitting a challenge to the European General Court on the grounds the scheme violates State Aid rules by prioritising fossil fuel energy generation over cheaper and cleaner efforts to reduce demand.