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Business 2008 P9



Florida regulators OK nuclear power plant expansion
The Florida Public Service Commission approved plans to build two nuclear power units at Florida Power & Light Co.'s Turkey Point generating complex in Miami-Dade County, FPL President Armando Olivera said.

French and Spanish leaders discuss joint utilities deal
French President Nicolas Sarkozy and Spanish Prime Minister Jose Luis Rodriguez Zapatero are trying to put together a deal whereby the French utility EDF would buy a 15 per cent to 18 per cent stake in the Spanish energy company Iberdrola, which owns ScottishPower, in exchange for control of some nuclear power plants in France.

Abu Dhabi eyeing India's power sector
Khaleej Times has reported that the Abu Dhabi Economic Department will visit India in May to study the potential of one of the fastest growing economies offers for investments in the power sector.

Enel to invest $3.1bn in Russia by 2013
Enel plans to invest $3.1bn in Russia over the next five years, the Financial Times reported, citing chief executive Fulvio Conti.

Huaneng Power to buy out Singapore's Tuas Power for US$3 bln
China's Huaneng Power is to buy out Singapore's electricity producer Tuas Power, a unit of Singapore's state-owned investment company Temasek Holdings for $3bn.

British Energy confirms talks about a possible takeover or merger
Nuclear power station operator British Energy has confirmed that it is in talks about a possible takeover or merger.

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.

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