Energy Update

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The African Development Bank’s new president wants to bring electricity to the poorest parts of the continent within a decade and says he can mobilize $55 billion a year to make it happen.

Unlocking the full potential of energy storage in Australia requires strategic planning by the Australian renewable energy and storage sectors.

Unlocking the full potential of energy storage in Australia requires strategic planning by the Australian renewable energy and storage sectors.

BANGKOK, Oct 27 (Reuters) - Thailand's top coal miner Banpu Pcl will issue 648.5 million new shares in Banpu Power as part of a plan to spin off the power business and list it on the Thai bourse next year, Banpu said on Tuesday.

CAPE TOWN, Oct 27 (Reuters) - A fire at a power sub-station near South Africa's Cape Town International Airport delayed flights on Tuesday as fire fighters battled to put out the blaze, an airport official said.

LONDON, Oct 27 (Reuters) - A climate change deal to be agreed in Paris in December will not be able to come up with a global carbon price, the United Nations' climate chief, Christiana Figueres, said on Tuesday.

WASHINGTON, Oct 27 (Reuters) - Congressional leaders proposed to sell 58 million barrels of oil from U.S.

WASHINGTON, Oct 27 (Reuters) - Congressional leaders proposed to sell 58 million barrels of oil from U.S. emergency reserves between fiscal years 2018 and 2025 to help pay for a budget deal that ends mandatory spending cuts, according to a copy of the bill posted to a congressional website.

Oct 27 (Reuters) - The United States plans to sell 58 million barrels of crude oil from its strategic petroleum reserve between 2018 and 2025 under a budget deal reached on Monday by the White House and lawmakers from both parties, Bloomberg reported.

* Any changes likely to be gradual, cautious (Adds analysis, consultations with UAE, comment by executive)

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