Mitsubishi acquires stake in gas turbine maintenance firm

Mitsubishi Heavy Industries (MHI) has acquired a 40 per cent equity stake in ATLA, an Italian gas turbine parts manufacturing and repair company.

Through collaboration with ATLA, MHI aims to boost its competitiveness in the European power systems market by providing superior inspection and maintenance services for gas turbine components that are exposed to very high temperatures. With the strengthening of its service structure in Europe, MHI has now completed its global gas turbine maintenance structure.

In securing equity in ATLA, MHI acquired 40 per cent of ATLA’s outstanding shares from AVIO, an Italian aerospace company, and ATLA’s president, E. Gandini,.

ATLA was established in 1978 and has its head office and plant in Chieri, near Turin. The company engages in the manufacture and repair of gas turbine components, and has built a solid reputation in the repair of gas turbine components exposed to very high temperatures, including many gas turbines manufactured by MHI.

Hitachi to form two joint ventures in Indian power plant systems

Hitachi is to enter the Indian market for fossil fuel power generation equipment, setting up two joint ventures with local heavy electrical machinery manufacturer BGR Energy Systems.

Hitachi and BGR Energy are to establish BGR Turbines at a capitalization of $33.2m, with Hitachi taking a 26 per cent stake. Also this month, the duo will set up BGR Boilers.

The ventures will be headquartered in Tamil Nadu. Hitachi will provide supercritical thermal power generation technology for power plants with output capacities of 660 MW to 1 GW.

The joint ventures are slated to begin production in 2012.

Siemens and Samsung enter into wind turbine supply agreement for Canada

Siemens Energy and Samsung C&T Corporation have signed an agreement for the supply of wind turbines with a total capacity of up to 600 MW.

The wind turbines to be delivered under this supply agreement will be deployed at selected wind projects in southern Ontario, where they are intended to provide clean power to about 240 000 Canadian homes.

Furthermore, Siemens will establish a blade manufacturing site in Ontario, which is expected to create up to 300 jobs in the province.

Siemens has been working with Samsung C&T and its development partner Pattern Energy on this first phase of development under Ontario’s feed-in tariff programme, under which Samsung has committed to develop 2000 MW of wind power over the next six years.

China Huaneng in talks to acquire a50 per cent InterGen stake for $1.2bn

China Huaneng Group, the nation’s biggest electricity producer, is in advanced talks to buy a stake in Massachusetts-based power utility InterGen for about $1.2bn.

The state-owned Chinese company is seeking 50 per cent of InterGen and may pay its owner India’s GMR Infrastructure Limited as much as $1.4bn, including payments for taking over some non-operating assets, according to Bloomberg.

Huaneng would gain access to 12 power plants in the UK, Netherlands, Mexico, Australia and the Philippines with what would be its biggest overseas acquisition in two years.

GE buys SNC-Lavalin’s smart grid software business

GE has acquired SNC-Lavalin’s Energy Control Systems (ECS) business as well as its smart grid network management and energy control software, which the company said simplifies the integration of renewable energy by monitoring and analyzing natural resources.

No financial details were disclosed. ECS will remain in Montreal, Canada and retain its staff to continue creating and refining solutions for a smarter electric infrastructure, the company said.

ECS software is in use by 300m people on six continents. The system’s continuous monitoring and analysis identifies potential power problems before they occur and can re-route power around unplanned outages.

India to sell 20 per cent stake in Power Grid

Power Grid Corporation of India Limited, the nation’s biggest electricity transmission company, and the government have secured cabinet approval to sell a 20 per cent stake, worth $1.8bn, as part of a record sell-off of state assets.

The government and the Gurgaon-based company will sell a combined 841.8m shares, according to a statement.

The company said it plans to sell a 10 per cent stake and the government will offload a similar holding.

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Nuclear plans: French state-controlled utility EDF aims to complete the transfer of a 50 per cent holding in grid company RTE by the end of the year in a move that could provide €2bn ($2.6bn) to finance the dismantling of old nuclear reactors.

Senergy acquisition: Senergy Alternative Energy, a division of Aberdeen-headquartered energy services company Senergy, has completed the acquisition of SGC Engineering LLC (SGC). Maine-based SGC will become a subsidiary of Senergy’s newly established US-based company, Senergy Alternative Energy Incorporated.

Mammoth sale: Constellation Energy has sold its interests in the Mammoth geothermal plant to a subsidiary of Ormat Technologies, Incorporated for $72.5m. Mammoth-Pacific owns and operates the three plants that make up the 29 MW unit.

Keeping Kepco: The South Korean government will maintain an independent nuclear power company and has decided to keep Korea Hydro & Nuclear Power Company separate from Kepco.

Edison buys Spanish: Italy’s second biggest power utility Edison has bought a 26 MW wind park in southern Italy from Spain’s Gamesa Energia as it aims to boost its green energy clout.

AES acquisition: AES Ballylumford Holdings has acquired Premier Power Limited (PPL) through an all-cash transaction for £102m ($160m). PPL’s assets include the 1246 MW gas fired Ballylumford power station in County Antrim, Northern Ireland.

Turkey grid sell-off: Turkey has raised $5.76bn from auctions of four electricity grids, including the network on the European side of Istanbul. That auction and another for the western city of Izmir were won by a venture between Is-Kaya Insaat and MMEKA Makine Ithalat Pazarlama.

Indian stake: Blackstone, the private equity group, is to invest $300m in exchange for a significant minority stake in Indian power developer Moser Baer Projects.

Fortum fortune: The Supreme Administrative Court in Finland has overruled the decision by the Finnish Competition Authority that Fortum’s E.ON Finland acquisition in 2006 gave it a dominant power generation market position, because the relevant geographical market area consists of at least Finland and Sweden.

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