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Controversial $5b Ethiopia dam begins producing power

Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, ...

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Coal India says output may suffer without a price hike

  Bloomberg State-run miner Coal India Ltd warned production of the fuel may be hampered, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices. The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the ...

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CR Power picks banks for renewable unit’s Hong Kong listing

  Bloomberg The renewable energy arm of China Resources Power Holdings Co has picked banks including ABC International Holdings Ltd and China International Capital Corp for an initial public offering in Hong Kong, according to people familiar with the matter. The power generation company’s unit is also working with HSBC Holdings Plc and Morgan Stanley on a proposed first-time share ...

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