Electricity - UK, Nord Pool, Continental Europe

Dear Sir or Madam, Please find below the Final Settlement Prices of Phelix Baseload and Peakload Futures Contracts February 2010. (Source: EEX Newsfeed - www.eex.com)

Plans to develop a 20MW photovoltaic solar project have been announced by Jordan's National Electric Power Co (Nepco), in a bid to source 20% of the kingdom's power from renewable resources by 2020, Meed has reported. Jordan's medium-term plan is to bring 100MW in solar power capacity online together with 600MW in wind power capacity. The kingdom has a significant pipeline of wind farm developments including a project at Kamshah and another at a site in Fujeij. According to Nepco figures, Jordan imported 69% of its energy in 2008. In 2009, energy expenditure accounted for 39% of gross domestic product. (Source: Ame Info - http://www.ameinfo.com/)

Iraq's finance minister, Bayan Jabor has said that the country has raised $2.1bn from local banks to fund electricity projects, Reuters has reported. In 2008, Iraq signed multi-billion dollar deals with General Electric and Siemens to add nearly 9,000 megawatts of capacity over the next few years. Iraq's current electricity capacity is 7,500 megawatts, far short of the country's requirement of 12,000 megawatts. (Source: Ame Info - http://www.ameinfo.com/)

Egypt has secured from Japan a $430m loan to finance its 220-megawatt wind farm at Gebel el Zeit on the Gulf of Suez to boost the country's renewable energy output, Egypt's state news agency MENA has reported. Egypt aims to generate 12% of its power from wind and 20% from renewables overall by 2020. Egypt has also recently said it would receive a $100m loan to fund its 1,300 megawatt power plant in the Red Sea coastal town of Ain Sokhna, east of Cairo from the Kuwait Fund for Arab Economic Development. (Source: Ame Info - http://www.ameinfo.com/)

Arabia’s 4 million barrels a day of spare capacity can easily be absorbed into the market when global energy demand recovers after the recession, the head of the kingdom’s state-owned oil company said today. (Source: Houston Chronicle - http://www.chron.com)

A new report by Banque Saudi Fransi says the kingdom needs to raise its investments in its power and water supply industries by a third to at least 1 trillion riyals ($266.7bn) through 2025, to meet rising domestic demand, Reuters has reported. Saudi Arabia is expected to spend SR300bn alone on power generation, SR200bn on water desalination projects and SR200bn on sewerage, the bank said. 'In our perspective, this SR700bn is certainly a step in the right direction - but at least a third more in funding would be required to bolster capacity in a way that comfortably cushions demand,' the bank's report added. (Source: Ame Info - http://www.ameinfo.com/)