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Industry News 2006 P36



Study alerts energy industry to climate change impact
The UK's Met Office and a group of leading energy companies has announced the findings today of a new study into climate change and its potential impacts on the UK energy industry.

Enel to invest €850m on renewable energy projects
Enel Union Fenosa Renovables (EUFER), a joint venture in which Enel holds 80 per cent and Union Fenosa 20 per cent, plans to invest up to €850m ($1.1bn) to carry out power projects involving renewable energy sources with a maximum capacity of 650 MW.

Synex's Mears Creek Plant sustains damage
Canadian electric company Synex International Inc. announced that there was a major mechanical failure of the 3.8 MW turbine/generator located at Mears Creek in British Columbia.

Alstom adopts tried and tested philosophy
31 May 2006 - A resurgent Alstom will be pursuing a conservative approach to future product development based on proven technology, a spokesman said yesterday. The Franco Swiss group continues to make steady progress but the chastening experience of recent year's technical and financial problems has led to a more cautious approach in future.

Powerspan, FirstEnergy to test CO2 capture, carbon sequestration
The combined efforts of Powerspan Corp., and FirstEnergy Corp. have resulted in a unique opportunity to demonstrate both carbon dioxide capture and sequestration at a coal-fired power plant in the United States.

New GE Energy boss excited by the emergence of Eastern Europe
The Eastern European market is one of great promise for the power generation business according to the new CEO and president of GE Energy, John Krenicki.

Industry leaders put nuclear back on the table
Three out of the four keynote speakers taking part at the opening of POWER-GEN Europe 2006 called for nuclear power to be part of any future mix of generation technologies, if the goals of meeting environmental targets, securing energy supplies and delivering affordable power were to be met.

Utility executive asks Congress for help on rail delivery problems
An Xcel Energy executive testified before the Senate committee about the challenges electric utilities have been facing in receiving deliveries of Powder River Basin coal for power generation.

Penn Virginia Resource acquires coal property in Central Appalachia
Penn Virginia Resource Partners, L.P. announced the acquisition of the lease rights to approximately 69 million tons of coal reserves from a private seller for $65 million of cash.

Canada and Argentina sign nuclear development pact
A Canadian nuclear company is to jointly develop a feasibility study with two Argentinean parties that could lead to the construction of a new nuclear power plant in the South American country.

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