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Business 2008 P13



Suez to sell 635 MW of power generating capacity to Belgium's SPE
French energy group Suez has agreed to sell 635 MW of electricity generating capacity owned by its Belgian subsidiary Electrabel to Belgian utility SPE, the Belgian prime minister's office told Agence-France Presse.

GE unit to invest $5bn outside US by 2010
GE Energy Financial Services has announced today plans to invest US $5bn - nearly a quarter of its total plan - outside the US to grow and help meet soaring energy demand by the end of 2010.

Wave power cooperation between Vattenfall and Wavebob
An agreement on cooperation regarding wave power development was signed yesterday between Sweden's Vattenfall and Wavebob of Ireland.

Electrabel to order 500 MW of wind turbines
Electrabel, part of the Suez Group, has signed an agreement with wind turbine manufacturer REpower to order a maximum of 250 of its wind turbines with a total capacity of 500 MW.

Human error flagged for Florida power outage
Florida Power & Light Co. said the results of the investigation so far into the February 26 outage indicate that human error was the primary factor immediately responsible for the event, which began at 1:08 p.m. Eastern Time.

Russia's TGK-13 to float 19 per cent, plus part UES stake
Russian electricity producer TGK-13 is to float new shares in Russia and abroad, and its parent company said it could float an extra 14.25 per cent of TGK-13 from its own stake.

E.ON considers selling network business
E.ON, Germany's largest energy group, is considering selling its high-voltage network business in a move that would hand an important victory to the European Commission's attempts to break up electricity companies.

Ultra in talks with British Energy about reactor control systems
Ultra Electronics has begun talks with British Energy to secure a potentially lucrative foothold in the civil nuclear energy market, according to the FT.

AEP sells four inactive natural gas and oil plant sites
American Electric Power has sold four inactive generating plants owned by its AEP Texas North Generation Company LLC subsidiary to Eagle Construction and Environmental Services, LP. The plants, which have not operated since 2004 or earlier, had a total generating capacity of 656 MW and had produced electricity from natural gas or oil.

Suez and Gaz De France jointly acquire Europe's largest CCGT plant
Gaz de France and SUEZ have together acquired an 1875 MW CCGT power plant located in Teesside, northeast England, Europe's largest such plant.

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