Business briefs and new business
Edison Electric Institute has announced the first winners of the international “Common Goals” awards program. Korea Electric Power Corp., Alberta Power Ltd. and Tokyo Electric Power Co. were honored for their support and involvement with their customers and communities.
GE Power Systems and Toshiba Corp. have established a joint venture to provide repair services for power generation turbines in Japan. The new company, Toshiba-GE Turbine Services Co., started commercial operation in July at a new facility in Yokohama City.
The Financial Times has ranked the top European utilities by turnover. The top 10 are: RWE, Germany; Gen Des Eaux, France; Lyonnaise des Eaux, France; British Gas, UK; Tractebel, Belgium; Endesa Empresa, Spain; Electrabel, Belgium; Iberdrola, Spain; National Power, UK; and Vereinigte Elekkt, Germany.
IVO Group has opened two new offices in Thailand and in Indonesia and has moved its offices in Germany and in Malaysia. Information can be obtained at +358/0/856-1567 or by fax at +358/0/8561-4451.
Mitsubishi Electric Corp. and Westinghouse Electric Corp. have reached an agreement to jointly develop equipment for nuclear reactors. They will also exchange technology for developing computer control systems for reactors.
Deutsche Babcock Energie und Umwelttechnik is restructuring into six business units: utility steam generator systems, environmental systems, fossil fuel turnkey power plants, gas turbine power plants and process automation service. All units will be headquartered in Germany.
Macawber Engineering Inc. has announced the opening of a new manufacturing facility for its Pneumatic Conveying Systems Division in Halstead, Essex, England.
Woodward Governor Co. opened a new office in Christchurch, New Zealand, to provide sales and service support to that area.
Schroder Ventures, London, has acquired Lister-Petter Ltd., Gloucestershire, from BTR plc, for approximately (US)$122 million.
STEAG AG has combined its power engineering, waste treatment technology and nuclear engineering services into a new division called Power Engineering and Consulting.
Electricité de France has purchased a stake in Total Energie, France`s largest turnkey contractor in the photovoltaic generation of electricity. The companies will work together on the joint international electrification projects at remote sites