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Business 2007 P8



Suez and GdF agree merger terms
The boards of Suez and Gaz de France on Sunday night agreed the terms of their long-awaited merger to create one of the world's largest power groups with an estimated market value of €70bn ($95.5bn), bringing to an end 18 months of political and financial wrangling.

MHI and Areva launch advanced nuclear reactor joint venture
Mitsubishi Heavy Industries (MHI), and Areva have announced a joint venture: Atmea, which will develop, market, license and sell ATMEA 1, a new 1100 MW pressurized water nuclear reactor.

French firms form geological storage of CO2 jv
IFP, Géostock and BRGM are announcing the creation of a joint company, Geogreen, specializing in engineering services for the transport and geological storage of CO2.

Ontario energy plan calls for wind, nuclear
Ontario's power system will rely on more wind, solar and other renewable energy sources, build more nuclear power plants and ask consumers to save more electricity to meet the Canadian province's energy needs for the next two decades under a $60-billion (Canadian) plan released by the Ontario Power Authority.

UK niche generator Infinis buys Scottish Biopower
Infinis is to buy Scottish Biopower's renewable portfolio and fuel contract business (Scottish Biofuel) for an undisclosed sum.

Enel wins Russian approval for OGK-5 deal
Russia's antitrust agency has granted Enel permission to take full control of wholesale generating company OGK-5, making the Italian energy group potentially the first to own a Russian utility.

Judge backs coal-fired power plant
An administrative law judge recommended Tuesday that two utility companies be allowed to build a 950-MW coal-fired plant in northern Okla.

Turlock, TID arrange renewable energy deal
The Turlock, Calif. City Council and the Turlock Irrigation District (TID) inked a deal for a $10 million, 1.2-megawatt fuel cell at the city's waste-water treatment plant.

Toshiba to buy Kazakh uranium mining rights
Toshiba is set to buy mining rights in Kazakhstan in an effort to secure a stable supply of uranium that will bolster its nuclear power business.

Coal-fired plant gets boost from judges
Permission for SD coal fired-plant transmission to Minn. urged.

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