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Business 2007 P14



Suzlon wins Repower battle
Suzlon of India has emerged the victor in the bid battle for German wind power group, Repower, after the spiralling cost of a takeover forced France's state-owned nuclear group Areva to back down.

Japanese firm to expand N. American power investment
Electric Power Development Co Ltd and John Hancock Life Insurance Co, a unit of Manulife Financial Corp, are to set up a joint holding company to manage their power generation business in North America.

Airtricity contracts for 197 Mitsubishi MWT62/1.0 wind turbines
Airtricity North America has agreed to purchase 197 MW of wind turbine generating units from Mitsubishi Power Systems Americas Inc.

ScottishPower renewables division to be transferred
ScottishPower's renewable energy division is to be hived off and incorporated into a beefed-up subsidiary of the utility's new owner, Iberdrola, under funding plans revealed by the Spanish company.

E.ON founds generating joint venture in Siberia
E.ON and Russian energy company STS founded a joint venture called E.ON-STS Energia in Tyumen in western Siberia, with each partner owning 50 per cent of the new company.

Draft order may deny Northwestern's sale to BBI
NorthWestern Corporation d/b/a NorthWestern Energy announced that the Montana Public Service Commission (MPSC) has unanimously directed its staff to prepare a draft order denying NorthWestern's sale to Babcock & Brown Infrastructure Limited.

RAO UES to offer itself up for investment
Unified Energy System (RAO UES), Russia's national electricity utility, is aiming to raise 700bn roubles ($27bn) in 20 sales of stock in its business units, Anatoly Chubais, its chief executive, has announced.

PSEG closes on sale of Lawrenceburg Energy Center to AEP Generating Co.
Public Service Enterprise Group Inc. announced that its subsidiary, PSEG Power LLC, has completed the sale of its Lawrenceburg Energy Center to AEP Generating Co.

Suez seeks to boost Gas Natural stake
French utility Suez is seeking to strengthen its hand ahead of the next stage of consolidation in Europe's energy market by raising its stake in Spain's Gas Natural.

E.ON, Enel, Gazprom, others want to bid for 25 per cent in Russia's OGK-5
Six energy companies - German company E.ON, Italian company Enel and the Russian companies Gazprom, Novatek, Rusal and KES, want to take part in the auction for a 25 per cent stake in Russian electricity production company OGK-5.

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