Wednesday, August 31, 2016

Serbia hikes electricity prices to meet IMF loan conditions

BELGRADE, Aug 31 (Reuters) - Serbia's government agreed a

3.8 percent electricity price increase to comply with conditions

set by the International Monetary Fund in return for a 1.2

billion euro ($1.34 billion)loan, Energy Minister Aleksandar

Antic said on Wednesday.

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UPDATE 1-Areva rejects GE offer for Adwen JV offshore wind assets - sources

MADRID/FRANKFURT/PARIS, Aug 31 (Reuters) - French nuclear

power engineering group Areva has rejected a

non-binding offer from General Electric for assets

belonging to the Adwen offshore wind power joint venture between

Gamesa and Areva, sources close to the talks have told

Reuters.

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COLUMN-US power producers maximise gas burn at expense of coal: Kemp

LONDON, Aug 31 (Reuters) - U.S. power producers burned an

unusually large amount of natural gas in June and their gas

consumption will almost certainly hit an all-time record in July

as a result of the heat wave that hit much of the country.

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UPDATE 1-EDF union board members file challenge to annul Hinkley Point vote

* First hearing scheduled for Sept. 5

(Adds quotes, lawyer statement)

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UPDATE 1-Cyprus signs deal with Egypt for gas transfers via pipeline

NICOSIA, Aug 31 (Reuters) - Cyprus signed a deal on

Wednesday for the transfer of natural gas via pipeline to Egypt,

once extraction starts of discoveries made off the Mediterranean

island.

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EUROPE POWER-Weak solar output and increased demand support German spot

PARIS, Aug 31 (Reuters) - Weak solar output and increased

consumption supported German spot electricity prices for

next-day delivery on Wednesday, while higher nuclear power

production kept pressure on in France.

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Areva restructuring takes shape with assets transfer to NewCo

PARIS, Aug 30 (Reuters) - French nuclear group Areva

said on Tuesday it had formally started the process

to transfer its nuclear fuel cycle activities to a new company.

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