Power
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
The company now expects a profit of US$4.61 to US$4.71 per share for the full yearABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter...
Tokyo faces tight power supply on scorching heat, outages
A hot start to summer across the Northern Hemisphere threatens to boost power demand and tighten global supplies of fuel like gas and coalHotter-than-normal summer temperatures are stretching the...
India asks utilities to order US$33 billion in equipment to boost coal power output
India has asked power companies to order equipment worth US$33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian...
Google buys stake in Taiwan solar power firm owned by BlackRock
GOOGLE said it has taken a stake in Taiwan’s New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help...
China Three Gorges invests US$11 billion in desert power projects
The firm will construct a 16-gigawatt project that integrates renewable power and coal, combined with a 5-gigawatt storage facilityChina Three Gorges Renewables Group, a unit of the country’s biggest...
Citadel buys Goldman alum’s company to trade power in Japan
KEN Griffin’s Citadel is buying Energy Grid, a company that trades and sells power products, as the hedge fund firm expands its commodities business in Japan. The acquisition of...
Vietnam eyes greener power but banks on coal to avert blackouts
LIGHTS are off and air conditioning is down at the headquarters of Vietnam’s state-run electricity provider EVN as the country’s top power utility tries to “lead by example” to...
Sembcorp partners Bloom Energy to produce low-carbon power in Singapore
SEMBCORP Industries : U96 0% will work with US fuel cell provider Bloom Energy on the “potential utilisation” of the latter’s low-carbon power generation technologies in Singapore.The collaboration will...
