Argentina: Alstom has signed a deal with Endesa and Uruguay’s state-run power transmission firm UTE for the construction of a new power plant in Paysandu, Argentina. The $730m plant will provide power to the state of Rio Grande do Sul in Brazil.
Bolivia: The Brazilian state petroleum group Petrobras has reached agreement with Bolivia over the construction of a 110 MW gas fired thermoelectric plant to be built at Porto Suarez in Bolivia. Duke Energy International and the Brazilian construction group Monteiro Aranha have stakes in the project.
Brazil: Electricité de France (EDF) has confirmed that it is keen to increase its stake in the Rio de Janiero power company Light. Other stakeholders in Light include AES, Reliant and CSN. EDF is currently selling its stake in Eletropaulo, the Sao Paulo utility, in order to conform with rules set by the National Energy Agency for participation in the market.
Brazil: Eletropaulo, the utility which serves the industrialized area of Sao Paulo state, has reported a 906.4 per cent rise in first half profits to $58.3m with net sales up 22.7 per cent at $1.2bn. Operating costs fell 38 per cent while net financial losses declined by 38.3 per cent.
Brazil: Rolls-Royce Power Ventures is to develop the $100m, 125 MW Termoalagoas combined cycle power project in Brazil. The plant is scheduled to go into operation in December 2002. Rolls-Royce is developing the plant in partnership with its Termogas subsidiary, whose stakeholders include Petrobras and the Alagoas state electricity and gas distributors Ceal and Algas.
Canada: Calgary-based Enbridge Inc. and Global Thermoelectric Inc. have formed a strategic alliance to develop and distribute natural gas fuelled fuel cell products to supply electricity and heating to residential homes.
USA: LG&E Energy Group is planning to build up to ten new natural gas fired generation units in Kentucky and Georgia to help meet rising power demand.
USA: A group of North American utilities has announced that they are to create Enporion, an open global procurement exchange for the energy industry. The partners include Allegheny Energy, New Century Energies, Minnesota Power, Northern States Power and PPL Corp. Cap Gemini Ernst & Young is the group’s business advisor.
USA: The Electric Power Research Institute has announced a major new project called the Global Coal Initiative to accelerate research on producing power from coal cleanly using coals from around the world.