Category: power
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IMF, World Bank split on Kenya Power monopoly
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The IMF and World Bank have disagreed over the push to end Kenya Power’s monopoly on selling electricity to homes and businesses. The International Monetary Fund wants Kenya to speed up regulations that would allow other companies to sell power in competition with utilities, arguing that the country is behind…
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Trump’s Return To Power Revives Optimism For XRP, Solana, And Litecoin ETFs, Report
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Following Donald Trump’s election victory on Tuesday, members of the cryptocurrency community celebrated with a renewed sense of hope about their ETF ambitions. The change in political leadership is seen as a potential turning point for the approval of altcoin-focused cryptocurrency ETFs like Solana, XRP And Litecoin. Solana leads in…
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World Bank resists push to end Kenya Power monopoly
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The World Bank has warned the Kenyan government as it seeks to end Kenya Power’s monopoly on selling electricity to homes and businesses, saying exposing the utilities to competition would lead to higher electricity prices. Bretton Woods believes allowing other companies to sell power also risks the Nairobi Stock Exchange-listed…
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Kenya Power drops plan for private firms to sell electricity in slums
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Kenya Power has dropped plans to tap private companies to connect customers in informal settlements and collect bills, following advice from the State Council and parent ministry. The company has now delegated the task to the state-owned Rural Electrification and Renewable Energy Corporation (Rerec), with Kenya Power tasked with ramping…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Ontario workers ready to use the power of many to hold the Ford government to account
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Article content TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — As the Ontario Legislature resumes after a 19-week summer recess, the Ontario Federation of Labor (OFL) is ready to remind the Ford government that what Ontarians really want is affordability and decent work. , and good public services — not the…
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Cuba gets some electricity back after major power outage left millions in the dark
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Breadcrumb links PMN BMN Business Article writer: Associated Press Andrea Rodriguez Posted on October 19, 2024 • Last updated 2 hours ago • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content HAVANA (AP) — Some…
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Learning to love nuclear power
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It’s been an encouraging week for nuclear energy fans. Amazon announced investments in three “Innovative nuclear energy projects“, along with Citadel’s Ken Griffin, which should deliver five gigawatts of carbon-free power over the next 15 years. Google announced a partnership with Kairos Power, which it described as ” The first…
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Tesco and Shell to power stores and EV stations with output from UK’s largest solar farm, originally meant for homes
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Tesco and Shell have struck a deal to buy the entire output from Cliff Hill Solar Farm, the UK’s largest solar project, which was initially planned to power 100,000 homes. The agreement stipulates that 65% of the farm’s electricity will go to Tesco’s supermarkets, while Shell will manage the remaining…
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Can It Power Toward New Gains?
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This article is also available in Spanish. Bitcoin price rose above the $67,500 resistance area. BTC is now consolidating and may cross the $68,350 resistance level to continue higher. Bitcoin remained stable and extended its gains above the $68,000 area. The price is trading above $67,200 and the 100 hourly…
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Why Adani’s power tariffs for homes remain a secret
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Kenyan authorities on Tuesday failed to disclose the proposed tariff that Indian conglomerate Adani Group will impose on households and businesses for building high-voltage power lines, which does not meet legal requirements for full disclosure. The PPP law requires that a government agency sponsoring the deal publish in at least…
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Should You Buy Plug Power Stock While It’s Below $4?
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Power delivery (NASDAQ: Delivery) It has lost about 99% of its value since its initial public offering in 1999. The hydrogen fuel cell maker was once considered a promising green energy company, but ran out of steam as its growth slowed and posted heavy losses. The dot-com collapse and some…
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Volunteers bring solar power to Hurricane Helene’s disaster zone
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Breadcrumb links PMN BMN Business Article writer: Associated Press Gabriela Aoun Angera Posted on October 13, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content BAKERSVILLE, N.C. (AP) — Nearly two weeks after Hurricane…
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Scottish Power owner Iberdrola commits £24bn to upgrade UK’s green energy infrastructure
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Iberdrola, the Spanish energy group and owner of Scottish Power, has announced a £24 billion investment to develop the UK’s energy infrastructure over the next five years. This represents a doubling of its commitment to Britain and makes the UK the largest destination for Iberdrola’s global investments. The investment will…
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Scottish Power owner Iberdrola commits £24bn to upgrade UK’s green energy infrastructure
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Iberdrola, the Spanish energy group and owner of Scottish Power, has announced a £24 billion investment to develop the UK’s energy infrastructure over the next five years. This represents a doubling of its commitment to Britain and makes the UK the largest destination for Iberdrola’s global investments. The investment will…
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Power restored to 95%+ of Georgia Power customers impacted by Hurricane Helene By Investing.com
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Crews are managing final intensive restorative efforts in the hardest-hit areas and will remain in the field until all customers who can accept power are reconnected. Atlanta, October 5, 2024 /PRNewswire/ — Georgia Power restored power to more than 1.3 million customers in the wake of Hurricane Helen – more…
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Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says
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The potential return of Donald Trump to the presidency could significantly impact the approval of exchange-traded funds (ETFs), especially XRP and Solana. The regulatory environment for these digital assets, which have been criticized for some time, may be more favorable as a result of the Trump administration, according to Bloomberg…
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Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says
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The potential return of Donald Trump to the presidency could significantly impact the approval of exchange-traded funds (ETFs), especially XRP and Solana. The regulatory environment for these digital assets, which have been criticized for some time, may be more favorable as a result of the Trump administration, according to Bloomberg…
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Factbox-Over 350,000 Florida customers without power due to approaching Hurricane Helene By Reuters
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(Reuters) – More than 350,000 homes and businesses were without power in Florida on Thursday as Hurricane Helen approached landfall in the state’s Big Bend region, according to data from PowerOutage.us. Hurricane Helen headed toward Florida’s Panhandle, bringing a potentially deadly storm surge to much of the coast. The US…