Tokyo Electric Power to construct solar plant in U.S.
CALIFORNIA - Tokyo Electric Power's U.S. subsidiary Eurus Energy Holdings plans to construct a solar power plant in the state of California, reported Agence France-Presse, citing the Nikkei business daily.
According to the report, the company intends to benefit from incentives expected to be provided by the new U.S. government to boost solar power generation. The company plans to start operations at the 1,000kW plant by 2010.
Earlier, the U.S. government announced that it had allocated $38 billion for investments in the environmental and energy sectors and $20 billion in tax incentives to provide impetus to private investment in this sector.
Related News
It's CHEAP but not necessarily easy: Crosbie introduces PCs' Newfoundland electricity rate reduction strategy
ST. JOHNS - Newfoundland and Labrador PC Leader Ches Crosbie says Muskrat Falls won't drive up electricity rates, if he's elected premier.
According to Crosbie, who presented the party's Crosbie Hydro Energy Action Plan — acronym CHEAP — at a press conference Monday, $575.4 million is needed per year in order to keep rates from ballooning past 14.67 cents per kilowatt hour.
Here's where he thinks the money could come from:
- Hydro rates and dividends — $123.4 million
- Export sales — $40.1 million
- Nalcor restructuring — $30 million
- Holyrood savings — $150 million
- Nalcor oil revenue — $231 million …
