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.
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Texans to vote on funding to modernize electricity generation
DALLAS - Texans are set to vote on Tuesday on a constitutional amendment to determine whether the state will create a special fund for financing the "construction, maintenance, and modernization of its electric generating facilities."
The energy fund would be administered and used only by the Public Utility Commission of Texas to provide loans and grants to maintain and upgrade electric generating facilities.
The biggest chunk of the fund, $7.2 billion, would go into loans and incentives to build new power-generating facilities in the ERCOT (Electric Reliability Council of Texas) region.
The proposal, titled Proposition 7, is one of several efforts by lawmakers…
