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Industry News 2006 P34



Rising demand for electricity invigorates African power generation industry
Greater engagement with a globalized economy is energizing the African power generation industry, according to a new report published by Frost & Sullivan.

Mississippi plant hit by Hurricane Katrina now ready for summer
Employees at Mississippi Power's Plant Watson in Gulfport, Miss., recently completed all repairs to the facility, bringing the plant back to full operational status after the facility suffered significant damage from Hurricane Katrina last year.

Utility execs state need for consistent wind energy policies
Utility executives from several companies called for consistent tax and energy policies with regard to wind energy at a press conference held at the American Wind Energy Association's WINDPOWER 2006 conference.

Waukesha plans VHP maintenance enhancement
Waukesha Engine is unveiling a series of performance enhancements for its 12-cylinder VHP engines that it says will deliver more cost-effective operation in gas compression applications.

Western U.S. governors back clean energy actions
At the Western Governors' Association Annual Meeting that ended today, a coalition of governors backed a broad-based set of proposals for meeting future electricity needs with clean energy initiatives.

Europe's electricity industry calls for functioning market
The leader of the association representing Europe's electricity providers Eurelectric yesterday called for a EU energy policy which brought about a fully functioning market, if electricity was to play its proper role in bringing benefits to society.

Mirant withdraws proposal to acquire NRG
Mirant Corp. today withdrew its $8 billion unsolicited proposal to acquire NRG Energy, Inc. Mirant cited NRG's unwillingness to talk about the offer as the reason behind its withdrawl.

Fund raising needed for Singapore IPP
Singapore's Island Power is looking to raise S$600m ($376m) to build Singapore's first independent gas fired power plant.

GE sells insurance units to Swiss Re
General Electric Company (GE) announced today it has completed the sale of its Insurance Solutions business, including Employers Reinsurance Corporation (ERC), to Swiss Re for $7.8bn in cash and securities plus the assumption of $1.7bn in GE Insurance Solutions Corporation debt.

Norfolk Southern reports record coal volumes in May
Norfolk Southern Corp. handled a record 17.0 million tons of total coal, coke and iron ore in May 2006, an increase of 7.9 percent when compared with May 2005.

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