Egypt, Germany cooperate on renewable plan
Egyptian Minister of Electricity and Energy Dr. Hassan Younes stated that Egypt's wind and solar resources are bountiful enough that there should be no obstacle in achieving this goal.
To achieve this objective, Egypt will cooperate with countries with expertise renewable energy, as well as global institutions that can support such projects. In July 2010, Egyptian Prime Minister Dr. Ahmed Nazif signed cooperation agreements between Egypt and Germany in the field of renewable energy, one of which is to create the 32-megawatt MW Assiut Barrage hydropower plant in upper Egypt and the signing of a loan agreement with Egypt to implement of a 200-MW windfarm in the Gulf of El-Ziet in the Gulf of Suez.
Dr. Hassan Younes told Egyptian newspaper Al-Yum Al-Sabea that Germany contributed to the implementation of three projects in Egypt: efforts to renew and extend the life of Aswan's high dam, the refurbishment of generators and replacement of transformers, and a $26 million generator-replacement project.
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China aims to reduce coal power production
BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
