Tagged: Power

Low electricity consumption, increased exports

The consumption of electricity in power intensive manufacturing is still record low. In September it was reduced by 23 percent compared with the corresponding month last year. Production remained almost unchanged, while exports increased...

ABB to upgrade hydro power plant in the Philippines

Engineering company ABB Norway has won a contract to deliver control systems and electrical equipment for the upgrading of a hydro power plant on the island of Luzon in the Philippines, reports Norway Post....

Statkraft sees softer demand after record profit

OSLO, Feb 26 (Reuters) – Norwegian power company Statkraft posted record-high profits for 2008 on Thursday, helped by an asset swap with Germany’s E.ON EONG.DE, but said demand and prices were likely to fall...