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Moody’s: KEPCO’s results for the nine-months support credit quality

Moody's Investors Service says that Korea Electric Power Corporation's solid operating results for the first nine months of 2016 are within Moody's expectations and support the company's Aa2 issuer rating and the stable outlook. "KEPCO's strong operating performance has led to a continued reduction of the company's debt levels," says Mic

Gamesa bags five orders

Gamesa has secured five new orders for the supply of a total of 304 MW to several customers. Gamesa will supply, install and commission the turbines, as well as handling the operations and maintenance services at all of the facilities. Moreover, at four of the complexes, the company will take charge of

APTEL upholds appeal of Reliance Power arm

The Appellate Tribunal for Electricity (APTEL) has upheld the principle of fuel cost pass-through in its judgment pronounced in an appeal filed by Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power Limited. VIPL had challenged order issued by Maharashtra Electricity Regulatory Commission (MERC) on June 20, 2016, which partially

L&T-MHPS Boilers signs Technology Licence agreement with MHPS Japan

L&T-MHPS Boilers Private Limited (LMB), a joint venture of Larsen & Toubro Limited (L&T) and Mitsubishi Hitachi Power Systems Limited (MHPS),Japan, has signed a Technology Licence Agreement for Selective Catalytic Reduction (SCR) systems with MHPS. The technology licensing agreement is for design, engineering, manufacture, installation,commissioning, and sale of new boilers under

Moody’s: US unregulated power and utilities outlook remains negative

The outlook for the US unregulated power and utilities industry remains negative, reflecting low natural gas prices that will continue to weigh on wholesale power prices in the next 12 to 18 months, according to Moody's Investors Service in its yearly outlook. "Low natural gas prices are detrimental to the economics

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