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Business 2006 P9



Sembcorp sign up for Fujairah
The Abu Dhabi Water and Electricity Authority (Adwea) and Singapore's Sembcorp have signed an agreement to develop the Dhs6.4bn ($1.74bn) Fujairah power and water project.

Peabody Energy acquires major Australian coal producer
U.S. coal company Peabody Energy announced that it has signed a merger implementation agreement to acquire the Australian company Excel Coal Limited.

WPS Reources, Peoples Energy discuss business combination
WPS Resources Corp. confirmed today it is in discussions with Peoples Energy regarding a potential business combination.

AES takes majority interest in UK wind business
The AES Corporation announced Wednesday that it has acquired majority control of the Wind Energy Ltd. (WEL) group companies, a UK-based wind development company, with 640 MW of wind generation projects under development throughout Scotland. Terms of the transaction were not disclosed.

British Nuclear Group announces £72m profit
British Nuclear Group, the nuclear site management, decommissioning and clean-up specialist, has announced profits of £72m ($132.5m) on gross revenue (including Site Licence Company costs under management) of £2.01bn in its first full year as a management and operations contractor.

Foster Wheeler Enters into License Contract for Advanced
Foster Wheeler Ltd. announced today that Foster Wheeler North America Corp., a unit of its Global Power Group, has entered into a contract with Shanghai Boiler Works, Ltd., a unit of Shanghai Electric Corporation, to provide an advanced technology license for arch-fired subcritical and supercritical steam generators.

Duke Energy announces plan to separate gas, power businesses
Duke Energy's board of directors unanimously authorized management to pursue a plan to create two separate publicly traded companies by spinning off Duke Energy's natural gas businesses to Duke Energy shareholders.

Exelon and PSEG reach merger agreement with U.S. DOJ
Exelon and PSEG have reached a comprehensive agreement with the Antitrust Division of the United States Department of Justice in order to proceed with their merger plans.

Subsidiary of Gaz Metro acquires Green Mountain Power
Green Mountain Power and Vermont-based Northern New England Energy Corp., a subsidiary of Gas Metro, have entered into a definitive agreement where NNEEC will acquire Green Mountain Power.

Nanosolar secures $100 million in funding
Nanosolar Inc. announced that it now has $100 million in funding to take its photovoltaic solar electricity technology into volume production.

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