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Turkey to Commission US$3.44 Billion in Hydroelectric and Dam Facilities

Turkey said it will commission 101 new hydroelectric plants and dams worth US$3.44 billion in January, according to information published by Anadolu Agency, Turkey’s state-run news agency.
 

2015 Record Year in Wind Energy Generation for UK

New statistics from grid operator National Grid show that 2015 was a record year for wind energy generation in the U.K.

Canadian Oil Sands investor urges shareholders reject Suncor bid

CALGARY, Alberta, Jan 5 (Reuters) - A major Canadian Oil Sands Ltd investor sent an open letter to fellow shareholders on Tuesday urging them to reject a C$4.3 billion ($3.1 billion) hostile takeover bid by Suncor Energy Inc that expires this Friday.

Saudi-Iran split dashes chance of OPEC deal to curb oil glut

* Longest period of Saudi output above 10 million bpd for decades

Reforms will boost Pakistan's economy by more than 5 pct in 2015/16 - PM

COLOMBO, Jan 5 (Reuters) - Pakistan's economy is expected to grow at more than 5 percent in the current fiscal year due to some bold economic reforms, Prime Minister Nawaz Sharif said on Tuesday, faster than a 4.2 percent growth in the previous year.

UPDATE 1-Algerian government lays out draft constitutional reforms

* Parliament expected to approve reforms soon (Adds opposition remarks and official statement)

Major Win for South Australian Wind Farm

South Australia has reaffirmed its position as a renewable energy powerhouse following the awarding of a major contract to a wind farm in the state’s Mid North.

Mitsubishi-led group exiting stake in Brazil shipyard -report

RIO DE JANEIRO, Jan 5 (Reuters) - A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd (MHI) plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix and declare the investment as a loss, Valor Economico newspaper reported on Tuesday.

Nuverra turns to Lazard for debt restructuring -sources

Jan 5 (Reuters) - Nuverra Environmental Solutions Inc , a U.S. provider of environmental services to the energy sector, has been working with investment bank Lazard Ltd on restructuring its debt, according to people familiar with the matter.

UPDATE 1-Saudi regulator says airport privatisation open to foreigners

RIYADH, Jan 5 (Reuters) - Foreign companies will be allowed to invest in Saudi Arabian airports being privatised without the need for local partners, the kingdom's aviation regulator said on Tuesday.

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