Financial and Gas Turbine Blade Troubles Plague GE Power

Credit to Author: Sonal Patel| Date: Thu, 07 Feb 2019 14:27:09 +0000

GE Power’s financials spun out further on a dismal trajectory during the fourth quarter of 2018, plagued by slack market demand for products and services, technical glitches of a flagship gas turbine model, and poor project execution. Despite a series of divestments and corporate reshuffles, including of leadership, for the 12 months that ended on […]

The post Financial and Gas Turbine Blade Troubles Plague GE Power appeared first on POWER Magazine.

Read more

THE BIG PICTURE: World’s Biggest Power Companies

Credit to Author: POWER| Date: Fri, 01 Feb 2019 05:00:41 +0000

In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]

The post THE BIG PICTURE: World’s Biggest Power Companies appeared first on POWER Magazine.

Read more

POWER Digest [January 2019]

Credit to Author: POWER| Date: Wed, 02 Jan 2019 04:59:00 +0000

EDF Inks Agreement for O&M Services at UAE Nuclear Plant. French nuclear power plant operator EDF will operate and maintain the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) under a

The post POWER Digest [January 2019] appeared first on POWER Magazine.

Read more

World’s First EPR Nuclear Unit Begins Commercial Operation

Credit to Author: Aaron Larson| Date: Mon, 17 Dec 2018 18:50:32 +0000

Unit 1 of the Taishan Nuclear Power Plant completed its final regulatory test of continuous operation and full power for 168 hours on Dec. 13, marking the final milestone toward achievement of commercial operation, China General Nuclear Power Group (CGN) and EDF announced at a joint press conference held in Beijing, China, on Dec. 14. […]

The post World’s First EPR Nuclear Unit Begins Commercial Operation appeared first on POWER Magazine.

Read more

Strikes, Outages, Slash French Output by 2.2 GW

A series of strikes at French nuclear plants owned by power giant EDF have caused fluctuating electricity supplies, prompting concerns as the country prepares for a prolonged cold snap. Workers are reportedly protesting wage negotiations and a possible plan by the French government to restructure EDF. The energy branch of French trade union CGT on […]

The post Strikes, Outages, Slash French Output by 2.2 GW appeared first on POWER Magazine.

Read more

EDF Announces More Delays, Cost Overruns for Flamanville 3 Reactor

French utility Électricité de France (EDF)on July 25 said it has pushed fuel loading at its 1.6-GW Flamanville 3 nuclear project to the fourth quarter of 2019 and increased cost estimates for the project by another €400 million (USD $467.1 million). EDF said its current cost for the project has ballooned to €10.9 billion (USD […]

The post EDF Announces More Delays, Cost Overruns for Flamanville 3 Reactor appeared first on POWER Magazine.

Read more