Energy Update

You are here

In late March, the Chinese government issued a major policy announcement (Chinese, known as “Document 625”) on renewable energy, aimed at reducing the perennially high level of curtailment of energy from wind, solar, hydro, and other renewable resources. The central feature of Document 625 is a mandated “guarantee” that grid companies purchase output from renewable generators, at least up to an allocated number of hours.

* UK business returned to profit in first quarter

(Adds results of AGM, updates shares)

MOSCOW, April 18 (Reuters) - Russian coal and steel producer
Mechel said on Monday it had agreed a debt
restructuring deal with the country's biggest bank Sberbank
totalling 30 billion roubles ($446 million) and $427 million.

DUBAI, April 18 (Reuters) - Major stock markets in the Gulf
rebounded in late trade on Monday to close higher despite the
collapse of oil producers' talks in Doha, while Egypt's bourse
surged to a six-month closing high.

* Caixabank falls after launching bid for Banco BPI

The New Development Bank, a multilateral lender formerly known as the BRICS Development Bank, will provide $811 million in a first round of loans for green energy projects in four nations.

NAIROBI (HAN) April 11. 2016. Public Diplomacy & Regional Security News. Under a $200 million funding package by the European Development Fund (EDF), Eritrea receives up to $9 million for exploration work at the Alid geothermal field. A national energy plan for Eritrea was signed within the framework of the European Union's 11th EDF (European Development Fund).

* EPH bets on German power prices recovering post-2020

(Adds EPH, Vattenfall quotes, details)

April 18 (Reuters) - Suncor Energy, Canada's largest
oil and gas company, said it would disclose more details on its
plans to compete in a lower-carbon future and on its lobbying
activities.

TRIPOLI, April 18 (Reuters) - The international community
was ready to help Libya's unity government with security
training, British Foreign Secretary Philip Hammond said on a
visit to Tripoli on Monday, and he hoped such training could
happen in Libya or a neighbouring country.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.