Shaw Group

Nuclear plant developer taken over by CB&I in $3bn deal

Shaw Group, the company at the forefront in developing America’s next generation of nuclear power plants, has been bought out by Texas engineering group CB&I in a deal worth $3bn.

Shaw Group wins Saudi Arabian service contract

The Shaw Group has been chosen to perform a fleetwide services program for Saudi Electricity Company’s oil and gas-fired power plants across the Kingdom

Shaw wins contract to construct 500 MW CCGT plant

Shaw Group has been cleared to commence construction of a new dual fuel combined-cycle gas turbine (CCGT) plant at Ninemile Point Steam Electric Station located in New Orleans, Louisiana, US.

westinghouse

Westinghouse Electric Co.will provide nuclear fuel fabrication services for the V.C. Summer nuclear power plant in South Carolina.

COMPANIES

China Huaneng Group will pay $1.23bn to buy GMR Group’s entire share in InterGen a US-based power utility in a deal that is expected to close in the first half of next year.

Surging new nuclear build costs start to stabilize

After soaring between 2004 and 2008, nuclear plant construction costs are now reflecting the general slide in prices since the global downturn hit, reports the Nuclear Energy Institute. But developers are also adopting modular approaches to keep a grip on their investment in getting nuclear capacity online.

ASIA-PACIFIC

The Central Electrical Authority (CEA) of India wants the federal government to reduce the size of its ultra mega power projects (UMPPs) from 4000 MW, which currently qualifies projects for this special status, to 2000 MW.

EUROPE

The UK’s Department of Energy and Climate Change (DECC) has approved ten locations and rejected four others as suitable sites for a new fleet of nuclear power stations.

AMERICAS

Brazil suffered a serious blackout that left nearly 60m people in the dark for four hours and raised concerns about the country’s ability to guarantee electricity to support its surging economy.

ASIA-PACIFIC

The Indonesian state oil and gas company Pertamina has announced that it will resume work on a geothermal project at Karaha Bodas in Garut, West Java next year.

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