Business bits and briefs
Fluor Daniel has signed an agreement with the North China Electric Power Design Institute and Duke/Fluor Daniel to cooperate on power projects in China….
Moody`s Investors Service has assigned an Aaa rating to the Tokyo Electric Power Company Inc.`s Yen 100 billion, 5 percent bond offering, which is due in 2014….
GEC Alsthom T&D Protection & Control Ltd. is the recipient of the Queens Award for Export Achievement, conferred by Queen Elizabeth of England….
American Electric Power Co. is working on a joint venture with Northeast China Electric Power Group Corp. and an American Electric subsidiary, AEP Resources International Ltd., to construct two 1,300-MW coal-fired electric generating units in China, with construction expected to begin within the next two years….
PennWell Conferences & Exhibitions has issued a call for papers for the Central & Eastern European Power Industry Forum, to be held in Warsaw, Poland, on March 29 and 30, 1995. Papers may be mailed to P.O. Box 9402, 3506 GK, Utrecht, The Netherlands.
The Coastal Corp.`s Coastal Salvadoran Power Ltd. has announced plans to construct and operate a 91-MW power plant in El Salvador, with international investors acquiring joint ownership in the (US)$100 million project, which is to be the first privately-owned plant in the country. Electricity will be sold to Comision Ejecutiva Hidroelectria Del Rio Lempa, the Salvadoran national utility, under a 20-year power purchase agreement….
Electricite de France and the Electric Power Research Institute have signed a (US)$24 million agreement to jointly conduct nuclear research during the next four years. The agreement will allow them to coordinate nuclear research and development policy on common issues including safety improvement, maintenance and operating cost reduction.