Enel and EDF venture brings nuclear power back to Italy
Italian company Enel has formed a joint venture with French company EDF to build and operate at least four nuclear reactors in Italy.
The joint venture, called Svilippo Nucleare Italia (Italy Nuclear Energy), will run feasibility studies for the development of the reactors, which will be the European Pressurized Reactor (EPR) variety, before construction commences.
Enel currently owns a 12.5 per cent stake in an EPR reactor in Flamanville, Normandy which it has been working on with EDF since 2007. Enel also has an identical sized stake in a second EPR reactor which EDF is to build at Penley, Normandy.
The companies said the move is the first substantial step toward re-establishing nuclear plants in Italy since a law was passed last month allowing the return of nuclear plants more than two decades after they were shutdown. Premier Silvio Berlusconi has made nuclear power a key part of his government’s energy plan.
Generation capacity swap by E.ON and GDF Suez finalized
GDF Suez and E.ON have signed the final part of an agreement to swap about 1700 MW of generation capacity across Europe.
Electrabel and GDF Suez will acquire 860 MW of conventional power plants and 132 MW of hydroelectrical capacity from E.ON. Electrabel with also acquire electricity generated out of a 700 MW capacity, by drawing rights from nuclear power plants based in Germany as part of E.ON’s commitment to the European Commission to reduce generation capacity in Germany.
E.ON will acquire the 556 MW Langerlol coal and biomass fired power plant and a 385 MW gas fired power plant. They will also acquire electricity generated out of a 770 MW capacity in the form of drawing rights from nuclear power plants with delivery points in Belgium and the Netherlands.
Canadian Hydro Developers rejects TransAlta bid
Canada’s largest renewable energy producer, Canadian Hydro Developers has rejected a bid by Alberta’s TransAlta Corp in a deal valued at about C$654m ($592m).
Canadian Hydro is currently seeking other bidders after describing TransAlta’s offer as inadequate and the timing opportunistic, in a circular to its shareholders.
TransAlta, which had offered C$4.55 a share, defended its bid and said the deal would offer certainty to Canadian Hydro shareholders.
The hydropower provider was opened up to other potential bidders after Canadian Hydro claimed its assets in biomass, wind and hydroelectric power are pegged at around $1.7bn.
Clyde Bergemann Power Group acquires Walter Brinkman
The Clyde Bergemann Power Group has acquired Walter Brinkman GmbH and will integrate its product range into its portfolio.
The new business field à‚— Firing Solutions à‚— will include recent innovations by the company including an oil-oxygen lance burner for the FINEX process and a drying and heating ladle system to be used in the steel and iron industry. The company specialises in the engineering and manufacturing of industrial burners and turnkey heating systems.
Franz Bertels, president and chief executive of the Clyde Bergemann Power Group, said, “The know-how of Walter Brinkmann leverages our established application field for coal fired power generation by coal gasification and supports our entry into the market of gas-based thermal processes by key components.”
Joint venture for Areva and Day & Zimmermann
Areva has formed a joint venture with Day & Zimmerman to offer engineering, construction and maintenance services to the nuclear utilities sector in the US.
The joint venture will operate as Areva DZ LLC, and will implement both major and minor nuclear plant modifications.
Services will include design and build of balance of plant (BOP) projects, standard plant modifications, BOP major component replacements, and plant upgrades among other projects.
Areva’s Gary Mignogna will serve as president and Day & Zimmermann’s Mike McMahon will serve as executive vice president. The company headquarters will be in Philadelphia, United States.
Cisco and Landis+Gyr smart grid collaboration
Cisco and Landis+Gyr are set to collaborate on developing smart grid communications infrastructure.
The engagement between the two companies is built on Landis+Gyr’s expertise in advanced metering infrastructure and applications, as well as Cisco’s experience in defining the architecture of an end-to-end networking and security solutions.
The two companies said that they plan to work on future architects in smart metering, the utility data centre and wireless and fixed last-mile communications.
Station swap: Scottish and Southern Energy has agreed a à‚£27m ($44m) deal with Welsh Power Group to acquire Uskmouth Power Company à‚— the owner and operator of the 363 MW Uskmouth coal fired power station.
Consultancy services: Worley Parsons has signed a $25.4m contract with Vietnam Machinery Installation Corporation to provide consultancy services for the engineering, procurement and construction of the Vung Amg 1 thermoelectric power plant in the Ha Tinh region of Vietnam.
Nominees rejected: Excelon has dropped a $7.53 bn offer for NRG Energy after shareholders rejected its board nominees. Investors also voted against a proposed expansion of the board to make room for five other Exelon nominees.
Operators sold: Australian Babcock and Brown will sell 100 per cent of French wind farm operators Kallista Energies Renouvelables (formerly Energis Energies Renouvelables) and Kallista France (formerly Enersis France), to an infrastructure fund of AXA Private Equity.
E.ON appointment: Johannes Teyssen has been appointed chairman of the Board of Management of E.ON by the supervisory board. He succeeds Dr Wulf Bernotat, who has been chairman for seven years.
Job cuts: German company Q-Cells is to cut its total work force by 20 per cent – representing 500 jobs à‚— at its plant in Thalheim, Germany. The company says the move is in response to a slump in demand and a drop in the price for solar components. Q-Cells will also cut investments by €100m ($141m).
Shares sale: Denmark-based Dong Energy has aquired 83.57 per cent of the shares of German wholesale power company Kom-Strom, from the Dutch company Essent for €27m ($38m). The deal is subject to approval by the European Commission, expected this autumn.
Korean focus: Composite Technology Corporation will sell substantially all of the operating assets and liabilities of DeWind, to Korean Daewoo Shipbuilding & Marine Engineering. The sale price is $46.5m for the operating assets, liabilities, and approximately $3m for certain assets of DeWind.