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Consolidated Edison Company has announced the beginning of the auction process for the sale of its fossil fired power generating stations in New York City. The announcement came shortly after AES sealed a deal to buy six coal fired plants from NGE Generation in New York, and Edison International agreed to pay $1.8bn for a coal fired plant near Pittsburgh.
Edison Mission Energy has announced that Doga Enerji A.S. has completed financing and commenced construction of the $182.4 million Doga Enerji Cogeneration Project located in the Esenyurt suburb of Istanbul, Turkey. The 180 MW, natural gas-fueled Doga project will provide both hot water to heat 14,000 new homes and electricity urgently needed by TEAS, the Turkish national electric utility. Construction should be completed by late 1998.
Edison Mission Energy, an Edison International company, has announced financial closing on the acquisition of the remaining 49 percent interest in the Loy Yang B power station held by the State Electricity Commission of Victoria (SECV). The transaction makes Edison Mission Energy the sole owner of the 1,000 MW station near Melbourne, Australia. The company acquired 51 percent of Loy Yang B from the SECV in December 1992.
The enormous degree of restructuring of electricity and gas utilities in Australia was highlighted at a recent three-day conference and workshop sponsored by the Electricity Supply Association of Australia (ESAA) in Sydney, Australia. However, these far- reaching changes are still in the formative stages as government-owned hierarchical systems give way to a culture of corporatization and privatization. According to one observer, "Functional silos, or ivory towers, are being toppled to make way
Exergy Inc., a leading-edge energy technology company based in Hayward, Calif., USA, is celebrating the completion of the world`s first ever Kalina combined-cycle power plant. The Kalina Cycle is a technology providing higher power plant efficiency, lower generation costs and reduced emissions compared to the 150-year-old Rankine Cycle that is the industry standard today. The Kalina Cycle was invented by Dr. Alexander Kalina, a Russian emigre scientist who serves as Exergy`s president and CEO.