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Business 2004 P13



EcoSecurities and Standard Bank announce Denmark Carbon Facility
EcoSecurities, the carbon trading adviser, and Standard Bank London Limited (SBL), the investment banking arm of South Africa's Standard Bank Group, have announced the launch of the Denmark Carbon Facility, aimed at acquiring greenhouse gas emission reduction credits on behalf of the Danish Ministry of the Environment and with the participation of Danish industry.

Chile's Endesa first quarter profits fall 66.5 per cent
Chilean generator Endesa posted net profits of 8.03bn pesos ($13m) for the first quarter of 2004, 66.5 per cent down from the same period 2003, reported Business News Americas Tuesday.

Distributed Power secures for $7m of project financing
Distributed Power Inc. an owner of distributed generation facilities providing on-site electric power and energy to industrial and commercial customers, announced Tuesday that it has reached tentative agreement with an investment fund for up to $7m of project financing.

SSE acquires Atlantic Electric & Gas Assets for £90.7m
Scottish and Southern Energy (SSE) has today completed the acquisition of the assets of fellow UK utility Atlantic Electric & Gas (Atlantic) from the Receivers, KPMG LLP. The total consideration is £90.7m ($162.6m) in cash, predominantly for the customer debt book but also for over 300 000 customers.

Konarka Technologies acquires patent assets from Sweden
Konarka Technologies, Inc., a developer and manufacturer of breakthrough products that convert light to energy has announced that it has acquired patent assets from Chalmers University of Technology related to Konarka's development of photovoltaic products for the global market.

Omron, Mitsui to jointly make power storage systems
Japan's Omron Corp. and Mitsui & Co. said Monday that they plan to start mass producing advanced systems for storing electricity by summer after investing 1 billion yen ($9.2m) each in Power Systems Co., an R&D start-up.

PacifiCorp announces initial results from its renewables RFP
PacifiCorp announced Friday that it has received bids for 5600 MW of new renewable resources in its request for proposal for adding 1100 MW of renewables in the next seven years.

Omnify & Cimmetry partner to deliver enterprise-wide visualization & collaboration
Omnify Software and Cimmetry Systems have announced a new OEM partnership. Omnify Software has licensed Cimmetry's AutoVue Visualization and Collaboration technology to be embedded in the Omnify PLM system.

ReGENco Announces CT Rotor Facility
ReGENco, of West Allis, WI has announced that it has entered into an alliance with Mr. Paul Tucker of First Independent Rotor Services of Texas (F.I.R.S.T.) to establish a "state-of-the-art", CT rotor repair facility in West Allis.

Eutilia re-launches on-line Industry Marketplace
Eutilia last week re-launched its' new online Marketplace for the European utility sector. Their aim being to bring suppliers and utility buying companies together and enable them to power their businesses online.

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