Electric utilities
State Bank of India (SBI) has provided NTPC Limited, India's largest power producing firm, with a significant boost by signing a Rs 100 billion loan agreement. This monumental loan amounts to the largest extended by the bank to any Indian or foreign corporate, while also being the single
Electric utilities
Eric A. Larson, with over 25 years of experience in the nuclear power industry, has been named vice president, Nuclear Support at FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. As part of his new role, Larson will oversee FENOC's fleet operations, security, and strategic industry
Electric utilities
Fitch Solutions' latest Risk and Performance Monitor notes that the focus on credit default swap (CDS) pricing movement has shifted from sovereigns to global banks and utilities. CDS on financial institutions are underperforming the broader credit markets, with spreads on North American and European banks widening the most. Key
Electric utilities
A Japanese government panel examining the financial situation of Tokyo Electric Power Co. (Tepco) is considering cutting pension benefits as a measure to generate funds for compensating damage from the 2011 Fukushima nuclear disaster. The panel's first priority is to identify quick-fix solutions, including shedding light on Tepco&
Electric utilities
To combat the impact of global warming and ensure stable energy supplies, the Japanese government is launching a nationwide initiative to educate elementary and junior high school students about electricity saving. The Agency for Natural Resources and Energy has prepared teaching and learning materials, to be distributed to schools in
Cricket (Sport)
As the second Test between England and Sri Lanka at Lord's came to a close, it was clear that the momentum was with the visitors. Although England's bowlers managed to get off to a good start, with the early wicket of Kumar Sangakkara, they were unable
Cricket (Sport)
England's bowling coach David Saker expressed his disappointment with the team's performance at Lord's, saying it was the most disappointing display since he took over the job at the start of last season. The team's inability to respond to Sri Lanka'
Electric utilities
As the aftermath of the Fukushima Daiichi Nuclear Power Station accident continues to unfold, Tokyo Electric Power Company (TEPCO) has announced temporary compensation payments for those affected by the disaster. The company is committed to providing fair and prompt compensation to those who have suffered losses, with a focus on
Electric utilities
Tokyo Electric Power Co. (Tepco), the operator of the damaged Fukushima Daiichi nuclear plant, has seen its ratings downgraded by Standard & Poor's due to concerns over the timeliness of government support. The US-based ratings agency has lowered Tepco's debt ratings to speculative for the first
Electric utilities
Despite the recent Great East Japan Earthquake, Toyota Motor Corp. has reported a 95% surge in group net profit for the year through March 2011, driven by strong sales in emerging markets and cost cuts. However, other Japanese companies are facing challenges as Chubu Electric Power Co. prepares to shut
Electric utilities
In the aftermath of the devastating earthquake and tsunami in March 2011, the Japanese government has taken proactive steps to address the anticipated power shortage this summer. The severe damage to power plants has resulted in a projected 10% shortfall of electricity supply in the service areas of Tokyo Electric
Electric utilities
India's state-owned firm Bharat Heavy Electricals (BHEL) has achieved a significant breakthrough in the nuclear segment with the first-ever order for Steam Turbine Generators for 700 MWe Nuclear Sets Pressurised Heavy Water Reactors. BHEL, in a consortium with Alstom, has won a contract valued at over Rs 1,
