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    Panel recommends Ontario keep public ownership of LCBO, OPG and Hydro One

    10/18/2014

    TORONTO - The Liquor Control Board, Ontario Power Generation and Hydro One should all remain in public hands, but Hydro One should get out of the local distribution business, a special government advisory panel said Friday.

    The Liberal government set up the panel to look for ways to get maximum value out of the three Crown corporations, with a possible eye to bringing in private-sector investment that would be used to fund transit and infrastructure projects.

    The panel is still doing its work and won't report until next spring, but is unanimous in recommending now that the government maintain ownership of all three companies, said chair Ed Clark, CEO of TD Bank Group.

    Pakistan: KP govt okays Rs10bn for oil and gas company

    10/18/2014

    PESHAWAR, Oct. 19 -- The Khyber Pakhtunkhwa government on Thursday approved Rs10 billion for the provincial Oil and Gas Development Company Limited (KPOGDCL) with a comprehensive action plan for accelerating work on exploration of oil and gas in the province.

    It also decided to carry out hydro and solar power projects to end prolonged loadshedding saying Saudi and American companies plan $2 billion investment in the hydel power generation sector.

    12 hydropower projects under construction in Trishuli basin

    10/18/2014

    RASUWA, Oct. 18 -- Altogether 12 hydropower projects are under construction in the Trishuli river system.

    According to the Department of Electricity Development (DoED), some projects are under construction while others about the being construction after acquiring generation license. Upon completion, these projects, which are based in Rasuwa and Nuwakot districts, will generate a total of 1,500 MW.

    Ethiopia to build two more dams for power generation

    10/18/2014

    Ethiopia is planning to build two more hydro-electric dams over the southern Omo River on border with Kenya for generating electricity, an Ethiopian spokesman said Saturday.
    Gilgel Gibe IV and V hydro-electric dams will be part of Ethiopia's next big projects during the next five-year national plan, Bizuneh Tolcha, spokesman for the Water Ministry, told Anadolu Agency.

    US Patent granted to Alstom Hydro France (FR) on October 14 titled as "Synchronous generator, especially for wind turbines"

    10/18/2014

    United States Patent and Trademark Office has granted patent no. 8,860,272, on October 14, 2014, to Alstom Hydro France (FR), titled as "Synchronous generator, especially for wind turbines"

    1MDB Energy looks at hydro plant next

    10/18/2014

    THE much-anticipated listing of 1MDB Energy Bhd, the power arm of 1Malaysia Development Bhd (1MDB), will unveil several new developments, among them an indicative dividend yield of 2.5% to 3.5%, sources say.
    From a yield play perspective this appear a little unattractive, which in turn indicates that the sovereign fund would be banking on its growth story to lure investors to put their money into the IPO.

    Panel recommends Ontario keep public ownership of LCBO, OPG and Hydro One; Panel says don't sell LCBO, OPG or Hydro One

    10/18/2014

    TORONTO - The Liquor Control Board, Ontario Power Generation and Hydro One should all remain in public hands, but Hydro One should get out of the local distribution business, a special government advisory panel said Friday.

    The Liberal government set up the panel to look for ways to get maximum value out of the three Crown corporations, with a possible eye to bringing in private-sector investment that would be used to fund transit and infrastructure projects.

    The panel is still doing its work and won't report until next spring, but is unanimous in recommending now that the government maintain ownership of all three companies, said chair Ed Clark, president and CEO of TD Bank Group.

    Develop hydro projects in time, FinMin tells Indian developers

    10/18/2014

    Finance Minister Ram Sharan Mahat has asked Indian companies acquiring licence for hydropower generation in Nepal to develop the projects in time to give momentum to Nepal-India energy cooperation.
    Since a huge number of hydropower projects have been licensed to Indian companies, they should carry out the projects to enhance power cooperation, Mahat said at a programme on “Water and Energy Resource Development: New Policy Framework for Bilateral Cooperation” here on Friday.

    Pakistan: China keen to invest in Pakistan's hydro energy, construction projects

    10/18/2014

    ISLAMABAD, Oct. 18 -- A 16-member business delegation led by Deputy

    Director General, Department of Commerce of Yunnan Province of China,Mr.Yang Hui, visited Islamabad Chamber of Commerce and Industry on Friday and took keen interest to invest in Pakistan with particular focus on hydro energy and construction sectors.

    Energy company would take a hit if assets sold

    10/18/2014

    Selling off Hydro One's distribution assets, as recommended by the Ed Clark panel, would take a big bite out of the company as it is today.

    The company's distribution business accounts for 75 per cent of Hydro One's revenue, and 36 per cent of its profit.

    Keep LCBO, OPG and Hydro One public: panel

    10/18/2014

    TORONTO The Liquor Control Board of Ontario, Hydro One and Ontario Power Generation should all remain in public hands, a special government advisory panel said Friday.

    The Liberal government set up the panel to look into how to get maximum value out of the three Crown corporations, with a possible eye to bringing in private-sector investment that would help fund public transit and infrastructure projects.

    The panel is still doing its work and won't report until next spring, but is unanimous in recommending now that the government maintain ownership of all three companies, said chair Ed Clark, president and CEO of TD Bank Group.

    KP govt okays Rs10bn for oil and gas company

    10/18/2014

    The Khyber Pakhtunkhwa government on Thursday approved Rs10 billion for the provincial Oil and Gas Development Company Limited (KPOGDCL) with a comprehensive action plan for accelerating work on exploration of oil and gas in the province.

    It also decided to carry out hydro and solar power projects to end prolonged loadshedding saying Saudi and American companies plan $2 billion investment in the hydel power generation sector.

    The decisions were taken during a meeting of power and energy department here at the Chief Minister’s Secretariat here with Chief Minister Pervez Khattak in the chair.

    Chile seeks new hydro projects after HidroAysen cancellation

    10/17/2014

    The news story of the year in Chile's energy plans was undoubtedly the cancellation of the HidroAysen megaproject, which aimed to build five huge hydropower stations able to produce over 2700 MW.
    Protests from environmental groups and doubts about the project's viability led President Michelle Bachelet, who took office in March 2014 after serving as head of state between 2006 and 2010, to cancel it. The plans for HidroAysen had been approved by Sebastian Piñera's 2010-2014 administration.

    NEW HYDRO PROJECTS TO BENEFIT MANITOBA FAMILIES, LOCAL BUSINESSES WITH JOBS, OPPORTUNITIES TO GROW: MINISTER STRUTHERS

    10/17/2014

    The Government of Manitoba has issued the following news release:

    The jobs and opportunities related to Manitoba’s next generation of building projects are the focus of the ‘Aligning our Resources for Growth’ networking workshop being held today, Municipal Government Minister Stan Struthers, minister responsible for Manitoba Hydro, announced today.

    Construction starts at Upper Naryn hydro plant cascade in Kyrgyzstan

    10/17/2014

    Kyrgyzstan's Deputy Prime Minister Valery Dil and RusHydro Chairman and General Director Yevgeny Dod yesterday participated in the ceremony to launch the construction of the main facilities of the Upper Naryn cascade of hydro power plants on the Naryn River in Kyrgyzstan.

    First Nations protesters occupy grounds of Manitoba Hydro dam, refuse to leave; First Nations protesters set up at Manitoba dam

    10/17/2014

    CROSS LAKE, Man. - Protesters from a northern Manitoba First Nation are occupying the grounds around a generating station and have issued an eviction notice to Manitoba Hydro for what they say is a violation of their treaty rights.

    More than 100 protesters from the Cross Lake First Nation north of Lake Winnipeg marched to the hydro dam Wednesday and some have refused to leave the grounds. In a letter to Hydro president Scott Thomson, Chief Catherine Merrick said the First Nation is taking control of its traditional territory and evicting the Crown corporation.

    "You do not respect our rights," she wrote in the letter dated Oct. 6. "You do not even respect or acknowledge who we are as people. Money and profit - that which you make off our traditional territory and people - is apparently all you care about."

    Construction of Upper Naryn Cascade hydropower plants important for Kyrgyzstan's energy security – President Atambayev

    10/17/2014

    Construction of the Upper Naryn Cascade hydropower plants is a new stage in development of Kyrgyzstan's energy system, President of Kyrgyzstan Almazbek Atambayev said at the meeting with RusHydro Management Committee Chairman Evgeny Dod on October 16, reports the president's press service.

    China's big HPP, wind capacity nears 343 GW at end-Sep

    10/17/2014

    (SeeNews China) - Oct 17, 2014 - China's National Energy Administration (NEA) said Thursday the country's large-scale wind and hydropower capacity has reached a total of 342.72 GW as of September 30, 2014.

    Spanish hydro levels at lowest since late 2013

    10/17/2014

    Spain's hydroelectricity generation capacity dipped 213GWh to stand at 11.6TWh in week 41, meaning stocks are at 52.5% of capacity - the lowest they have been since week 51 of 2013, data from Spanish environmental ministry MAGRAMA showed this week.

    Montenegro says number of awarded SHPP concessions to date totals 41

    10/17/2014

    PODGORICA (Montenegro), October 17 (SeeNews) - The Montenegrin government said it has so far awarded concession deals for the construction of 41 small hydro power plants (SHPPs) with investment commitments totaling 109 million euro ($139 million).

    The combined capacity of the agreed SHPPs concessions is 73 megawatts with planned total annual production of 147 gigawatt-hours of electricity, the government said in a statement on Thursday.

    ($ = 0.7844 euro)

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