Energy Update
ISTANBUL, Oct 11 (Reuters) - Saudi Arabia's Energy Minister
Khalid al-Falih will not attend meetings on Wednesday between
OPEC and non-OPEC countries in Istanbul but told Reuters he saw
signs that countries outside OPEC were willing to contribute to
balancing the oil market.
Voith has received an order worth about €11 million (US$12.2 million) to modernize three generators at the 1,000-MW Drakensberg pumped storage plant in South Africa.
On Oct. 4, the Federal Energy Regulatory Commission went out for comment on a July 19 application from GreenGenStorage LLC for a preliminary permit under which it would study the feasibility of the Mokelumne Pumped Storage Project, to be located on the North Fork Mokelumne River, Bear River and Cole Creek in Amador and Calaveras counties, California.
General Electric Co. announced plans to buy LM Wind Power for $1.65 billion from private equity firm Doughty Hanson.
German utility WEMAG and energy storage software provider Younicos have begun construction on a project that will nearly triple the storage capacity of the existing Schwerin battery park.
LONDON, Oct 11 (Reuters) - British motorists should brace
themselves for more expensive petrol and diesel as the price of
fuel is hit by a double shock from rising oil prices and a
weakening exchange rate.
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