English Edition

Verbund JV Builds EUR500M, 920 MW Power Plant In Turkey

Πεμ, 3 Απριλίου 2008 - 04:41

Austrian utility company Verbund AG (VER.VI) Thursday said Turkish Enerjisa, a joint venture between Verbund and Turkey's Sabanci Holding (SAHOL.IS), has initiated the plan to construct a 920 megawatt power plant in Bandirma on the southern coast of Turkey.

CEZ To Invest CZK8.7 Bln This Year Into Distribution Network

Πεμ, 3 Απριλίου 2008 - 04:39

Czech power company CEZ AS (BAACEZ.PR) will invest 8.7 billion koruna ($541 million) this year into renewing and upgrading its electricity distribution network, the company said Thursday.

Serbia Caretaker Govt Split On Ratifying Russia Energy Deal

Πεμ, 3 Απριλίου 2008 - 04:38

Serbia's pro-Western and nationalist leaders are split over whether the country's caretaker government can ratify a key energy deal with Russia.

UES: Bashkirenergo 21% Stake Bids To Start At RUB11B, May 23

Πεμ, 3 Απριλίου 2008 - 04:37

RAO Unified Energy System of Russia (EESR.RS), or UES, Thursday said it will auction a 21.27% stake in OAO Bashkirenergo (BEGY.RS) May 23, with a starting price of 11 billion rubles ($464.7 million).

Kuwait KNPC To Award Deals On $14.6B Refinery End April

Πεμ, 3 Απριλίου 2008 - 04:35

Kuwait National Petroleum Corp. plans to award the contracts to build a new $14.6 billion refinery to process crude oil for domestic power plants by the end of April, a company official said Thursday.

Areva, Mitsubishi Alliance Gets U.S. Energy Department Contract Extension

Πεμ, 3 Απριλίου 2008 - 04:34

The International Nuclear Recycling Alliance - led by Areva (CEI.FR) and Mitsubishi Heavy Industries Ltd. (7011.TO) and including Japan Nuclear Fuel Limited, URS Washington Division, The Babcock and Wilcox Company, and Battelle - said Thursday that it has signed an agreement with the Department of Energy extending its Oct. contract.

EdF Board Could Approve D. Lagarde As Deputy CEO

Πεμ, 3 Απριλίου 2008 - 04:33

The management board of Electricite de France SA (1024251.FR) may ratify the nomination of company executive Dominique Lagarde to the post of deputy chief executive, French business daily Les Echos reports Thursday without naming its sources.

Polish PGNiG May Pull Out Of Danish Pipeline Project

Πεμ, 3 Απριλίου 2008 - 04:31

Poland's natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, may pull out of building a gas pipeline connecting Poland and Denmark, the daily Rzeczpospolita reports, citing the company's new chief executive Michal Szubski.

Russia's Putin Promises Better Deal For Foreign Investors-AFP

Τετ, 2 Απριλίου 2008 - 09:14

NOVO-OGARYOVO, Russia (AFP)--Russian President Vladimir Putin on Wednesday promised better conditions for foreign investors, despite the approval earlier in the day of a law limiting business in strategic sectors of the economy.

Eni, Gazprom Discuss Upstream Joint Projs In Third Countries

Τετ, 2 Απριλίου 2008 - 09:11

ROME (Dow Jones)--Eni SpA (E) said Chief Executive Paolo Scaroni met Wednesday with his counterpart at OAO Gazprom (GAZP.RS) to discuss their partnership, as part of a deal to strengthen ties between the Italian oil and natural gas company and the Russian energy giant.

Russia, Italy Might Establish Banking Joint Venture

Τετ, 2 Απριλίου 2008 - 09:06

MOSCOW (Dow Jones)--Russia and Italy might set up a joint investment bank by the end of the year to work on large projects throughout Europe, India and China, the news agency RIA Novosti reported Wednesday citing a Kremlin aide.

US Official: Saudis Leading Money Source For Al-Qaida -Report

Τετ, 2 Απριλίου 2008 - 09:04

Saudi Arabia remains the world's leading source of money for al-Qaida and other extremist networks, the Bush administration's top financial counter-terrorism official says, The Los Angeles Times reported Wednesday.

DJ Diplomats: China Gives IAEA Info Tied To Iran Nuclear Issue

Τετ, 2 Απριλίου 2008 - 09:01

VIENNA (AP)--Diplomats say that China has given the U.N. nuclear watchdog intelligence linked to Tehran's alleged attempts to make nuclear arms.