COMPANIES

Bechtel and Babcock & Wilcox to co-develop mini-reactor

US engineering and construction giant Bechtel is to partner with Babcock & Wilcox (B&W) to bring the latter’s modular nuclear reactor design to market.

Under the partnership, Bechtel will help B&W complete the design of a 125 MW modular reactor, called mPower, and seek necessary approvals from the Nuclear Regulatory Commission to begin sales in the US.

Bechtel, of San Francisco, California, is to have exclusive responsibility for engineering and procuring key components, and building the plants.

The companies have not yet said what the likely cost of plants using the modular design would be.

After a few units are built, the partners hope to offer standard versions for a fixed price, something that has eluded nuclear vendors in the past. B&W’s reactor can be built in factories, shipped by rail, barge or truck to sites, and then assembled in an identical fashion.

B&W, of Lynchburg, Virginia, makes small reactors for the US Navy, as well as nuclear fuel and plant components.

Its partner, Bechtel, is one of the most experienced nuclear construction and engineering firms in the world and has a contract to build a large reactor in Maryland, and has built or conducted major modifications to 64 of the USA’s 104 operating nuclear reactors.

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Siemens signs Russian wind turbine component production agreement

Siemens is to cooperate with the two Russian companies Rostechnologii and RusHydro to produce wind turbine components.

The planned joint venture is to set up production facilities for wind turbine components for the Russian market and will also be responsible for sales and service of Siemens wind turbines in Russia and other countries. Russia plans a wind power capacity of 5000 MW by 2020.

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Hitachi, Mitsubishi discuss consolidation of respective hydropower businesses

Hitachi, Mitsubishi Electric and Mitsubishi Heavy Industries are discussing consolidating their hydropower generation operations.

The company will be owned equally by Mitsubishi and Hitachi, and is expected to commence operations in October 2011. Its scope of business will cover marketing, installation and after-sale servicing of hydropower generation systems in Japan and overseas, engineering relating to these systems, and the development and design of main components for these system. The company name has yet to be decided.

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Six Japanese firms form consortium to develop nuclear power stations abroad

A consortium of six Japanese companies has established a new office to set the stage for the foundation of a new company to develop nuclear power stations abroad.

Tentatively named ‘International Nuclear Energy Development of Japan’, Tokyo Electric Power, Chubu Electric Power, Kansai Electric Power, Toshiba, Hitachi, and Mitsubishi Heavy Industries, will be engaged in the activities to establish proposals for nuclear power plants projects in emerging economies.

The official launch of International Nuclear Energy Development of Japan is scheduled for autumn 2010, to be followed by the proposal of a comprehensive package that will allow the dissemination of Japanese technologies and know-how that have been cultivated over many years.

In accordance with the needs and expectations of Vietnam and other emerging nations, these will include actual power plant construction, O&M and human resource development, all to be bolstered by legislative and financing support from the Japanese government.

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Chloride approves $1.5bn takeover bid from Emerson

Chloride Group has approved Emerson Electric’s revised $1.5bn takeover offer, and will recommend Chloride shareholders tender their shares at the deal price of GBP3.75 ($5.72).

The deal ended a bidding war for the UK-based vendor of uninterruptible power supplies (UPS), with Emerson prevailing over a rival offer from ABB.

Emerson said that Chloride will serve as the company’s new European Network Power Systems headquarters and Chloride will form the basis for Emerson’s European UPS growth strategy. The Emerson offer represents a 79 per cent premium to where shares were trading in April.

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REE buys Endesa assets from Enel

Enel says that the sale of the electricity transmission assets of Endesa Distribuciàƒ³n to Red Eléctrica de Espaàƒ±a (REE) is a significant step forward in its debt reduction plan.

The Italian utility, which controls Endesa of Spain, is to sell the transmission network to REE for a total of €1.48bn ($1.92bn).

The deal will bring REE a step closer to its ambition of being Spain’s sole power grid operator.

The sale is in line with a Spanish law that requires power companies to sell transmission networks to REE.

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Taking a stake: BKW FMB Energy Limited has acquired a stake in the 400 MW Trianel Borkum West II offshore wind farm in the North Sea, off Germany.

Hydro deal: Greenko, the Indian clean energy specialist, is to pay €26m ($33.1m), including net debt and liabilities, for Hemavathi Power & Light, owner of a 24 MW run-of-river hydropower plant in the Indian state of Karnataka.

Coal plant acquisition: India’s Essar Energy is acquire Navabharat Power, a 2250 MW coal fired power plant that is being built in the Indian state of Orissa. Estimated capital cost for the construction of the plant is $2bn.

Premier purchase: AES Corporation has signed an agreement with BG Energy Holdings to acquire Premier Power Limited (PPL) for a purchase price of $99m ($151m). PPL owns the 1246 MW gas fired Ballylumford power station in Northern Ireland.

Spin-off approved: The McDermott International board of directors has approved the spin-off of its wholly-owned power and nuclear engineering subsidiary Babcock & Wilcox (B&W). The spin-off means B&W becomes an independent, publicaly-owned company and McDermott does not retain any ownership interest.

Nuclear acquisition: Finnish engineering and consulting company Poyry has acquired Brennus Ingenieurs Conseils, the company that runs NUMEX platform for nuclear power plants operators. The value of the acquisition was
not disclosed.

Park pick-up: Emerson Process Management has acquired New York-based Innovative Control Systems, a leader in turbine control upgrades for power generation applications. The acquisition expands Emerson’s capabilities in the growing combustion turbine automation market.

Serbia”Italy tie-up: Serbia’s largest power firm Elektroprivreda Srbije (EPS) and the Italian company Seci Energia have set up a joint company called Ibar Hydroelectric Powerplants. It will construct ten power plants on the Ibar River with a power capacity of 103 MW and representing at a total investment of €285m ($370m).

Offshore wind stake: Siemens is paying DONG Energy €115m ($149m) to acquire a 49 per cent stake in A2SEA, which provides installation, transport and servicing for offshore wind farms.

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