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Business 2007 P12



Alstom acquires Spanish wind turbine maker Ecotecnia for €350m
French industrial engineering group Alstom has agreed to buy 100 per cent of Spanish wind turbine manufacturer Ecotècnia in a deal worth €350 million ($471 million).

IBERDROLA to acquire Energy East Corp.
The Boards of IBERDROLA S.A. and Energy East Corp. have approved a merger agreement under which IBERDROLA will acquire 100% of Energy East, which will become part of the IBERDROLA group.

Enel increases stake in Russia's OGK-5
Enel SpA said it has acquired a further 4.96 per cent stake in Russian electricity generation company OGK-5 for $281 m as part of its strategy to gain control of OGK-5.

GDF to offer 'guaranteed fixed price' contract in gas, electricity from July 1
Gaz de France said that, following full market liberalisation on July 1, it will offer residential customers fixed-price contracts with a one-, two- or three-year term, for both gas and electricity supply.

UK International Power completes creation of Mitsui joint venture
International Power has completed the creation of a joint venture with Mitsui, the UK-based generator said in a statement.

Temasek to sell three Singapore power firms
Singapore's state-owned investment company Temasek has announced plans to sell three Singapore power generation companies over the next 12 to 18 months.

GE Energy acquires feeder pump technology
GE Energy has acquired high-pressure feeder pump technology from Stamet Inc.

Move aims to spark UK power market
An initiative to create a new system for electricity trading will be launched today (15 June) in an attempt to revive the moribund market for power in the UK, according to the Financial Times.

Enel acquires 58 MW of French wind projects
Enel Erelis, the French subsidiary of Italian utility Enel, has acquired four wind projects in France that will have a total capacity of 58 MW once complete at the end of 2009

Progress Energy closes on sale of remaining merchant business
Progress Energy announced that its subsidiaries closed on the previously announced sale of its nonregulated power plants, hedges and contracts.

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