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Industry News 2005 P25



EU approves Siemens €1bn VA Tech acquisition
Germany's Siemens today won permission from the European Commission to acquire Austria's VA Tech on condition the German engineering giant sells off certain businesses.

800 MW wind capacity target set for Wales
The Welsh Assembly government has set an onshore wind energy capacity target of 800 MW in its new national planning policy statement on renewable energy.

E.ON proposes incentive regulation model for Germany
With regulation of Germany's power and gas networks about to come into force, E.ON has worked with two consultancy firms to devise a model to promote investments and security in the system.

CenterPoint Energy and IBM examine broadband over power lines services
CenterPoint Energy's electric transmission and distribution subsidiary, CenterPoint Energy Houston Electric, LLC, and IBM are working together to explore broadband over power line (BPL) technology and have launched a pilot demonstration programme in Houston.

Oil price to radically change the pollution and flow control markets
Suppliers of pumps, valves, scrubbers, filters, and treatment chemicals are going to have to re-examine their business strategies due to the surge in oil prices, according, according to the McIlvaine Company, analysts in the field of air filtration equipment.

US Ex-Im Bank boost to renewable exporters
The US Export-Import Bank (Ex-Im Bank) will now offer export financing on repayment terms of up to 15 years for US exports of goods and services used in certain renewable energy projects.

Finance agreed for Adwea Taweelah B project
The Abu Dhabi Water and Electricity Authority (Adwea) has signed a $2.18bn ($594m) agreement with a consortium of local, regional and international banks to finance the development of its Taweelah B IWPP.

Tata needs own coal for power expansion
India's Tata Power has revealed plans to acquire its own coal mines in order to fuel the large expansion of power generation capacity it is undertaking.

Chinese first to pilot Siemens Cockpit
The Chinese company, Guohua Electric Power Corporation, can now access data from three of its power plants at its information headquarters in Peking after it launched the first Cockpit information system from Siemens Power Generation.

Belpex incorporated ahead of 2006 launch
Belgium's electricity transmission grid operator Elia, Dutch energy exchange APX, French energy exchange Powernext and Dutch electricity transmission grid operator TenneT have incorporated Belpex NV/SA, the operator of the Belgian power exchange Belpex. The exchange, due to be launched at the beginning of 2006, will provide a platform for the trade in electricity, to be delivered the next day.

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