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On November 7th, the Russian Ministry of Defense released a battle report on November 6th, stating that in Pokrovsk (known as the Red Army City in Russia) in the Donetsk region, Russian forces continued their attacks on besieged Ukrainian troops, seizing control of 64 buildings within a 24-hour period and repelling more than ten Ukrainian attempts to break the siege. Furthermore, Russian forces struck Ukrainian targets in 149 areas, including energy and transportation infrastructure, drone storage and launch sites, and temporary deployment points for Ukrainian troops and foreign mercenaries. Within a day, they destroyed or shot down two guided-missile bombs, more than 200 drones, and over 10 armored vehicles. The General Staff of the Ukrainian Armed Forces stated on the 6th that Ukrainian forces repelled hundreds of Russian attacks in multiple directions, including Pokrovsk (known as the Red Army City in Russia), and reinforced military units defending the city. The Ukrainian Armed Forces also stated that on the 5th, they attacked a drone storage, assembly, and launch site in the Donetsk airport area and assaulted the Volgograd oil refinery in Russia.A sell-off in US tech stocks triggered a sharp decline in Japanese chip-related stocks, with SoftBank Group falling 7.7%.US President Trump: I just had an important call with Israeli Prime Minister Netanyahu.Foreign investors bought 280.6 billion yen in Japanese bonds in the week ending October 31, compared with a net outflow of 253.5 billion yen in the previous week.Japans purchases of foreign stocks in the week ending October 31 amounted to -¥581.1 billion, compared to -¥62.1 billion in the previous week.

A fire at an Australian power station won't make the energy crisis worse, says a market operator

Charlie Brooks

Jun 20, 2022 11:04

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The fire that blasted through a New South Wales power plant over the weekend would not impact electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out a worsening of the energy crisis gripping the east of the nation.


A quarter of 23,000 megawatts (MW) of coal-fired capacity has been brought down for maintenance or unscheduled outages in the densely populated east since mid-May. Coal supply interruptions and rising worldwide coal and gas costs have aggravated the problem.


The AEMO, which runs the nation's power and gas networks and markets, said on Friday that there was sufficient electrical supply to meet the weekend's anticipated demand, relieving immediate concerns about probable east coast blackouts.


The agency announced on Twitter (NYSE:TWTR) late Saturday night that it was aware of a "substation fire" at the Tallawarra power station in Yallah, a suburb of Wollongong, a city located approximately 80 kilometers (50 miles) south of Sydney, but that the blaze was not expected to further strain power supply.


AEMO said, "We want to reassure consumers in (New South Wales) that this will not affect the electrical supply."


The fire was caused by a mechanical breakdown in a redundant transformer, according to fire officials, and more than sixty firemen are attempting to contain it.


More than 10,000 litres (2,600 gallons) of oil caught fire, and putting it out is expected to take many days, according to the news website Nine.


Matt Kean, the treasurer of New South Wales, said that the outlook for the energy market was positive after another power producer resumed operations on Saturday night.


"The recommendation of the AEMO is that there is more than adequate supply to fulfill demand for the foreseeable future," Kean told reporters in Sydney on Sunday.


The Australian Energy Market Operator (AEMO) stopped the national energy market on Wednesday, seizing control of supply and price in an unprecedented move supported by Australian Prime Minister Anthony Albanese, who claimed it was necessary to prevent "gaming" of the system.


Since then, coal-fired generators have restored 1,900 MW of power, lessening the likelihood of blackouts, according to the Australian Energy Council.

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