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Iberdrola 1Q Net Almost Triples, Beats Views

Iberdrola 1Q Net Almost Triples, Beats Views

Iberdrola SA (IBE.MC) said Thursday that its first-quarter net profit almost tripled from the year before, boosted by the acquisition last year of U.K. rival Scottish Power.

Greeces PPC Revises Strategy With RWE Following Opposition

Greece's PPC Revises Strategy With RWE Following Opposition

Greece's dominant electric utility, Public Power Corporation SA (PPC.AT), is revising its strategy for joint activities with Germany's RWE AG (RWE.XE) after months of union opposition to an earlier deal.

Case With Radioactive Material Found At Madrid School

Case With Radioactive Material Found At Madrid School

Police said Thursday that an equipment case containing low-level radioactive material that was stolen from a car this week has been found in the doorway of a school in Madrid.

PPC Urged to End Delays with RWE

PPC Urged to End Delays with RWE

The Greek state, a major shareholder in the Public Power Corporation (PPC), urged the company’s board yesterday to end months of speculation over a pending cooperation deal with Germany’s RWE which has been blocked by union protests.

Inter RAO Εyes Turkey

Inter RAO Εyes Turkey

Russian electricity trader Inter RAO wants to take part in a $2.5 billion project to build power stations in Turkey, the head of its would-be partner in the project, energy technology firm TekhnoPromExport, said yesterday.

Nuon, EDF Eye GDF Stake in Belgian Utility SPE

Nuon, EDF Eye GDF Stake in Belgian Utility SPE

Dutch power company Nuon NV and Electricite de France SA (1024251.FR), or EdF, are both looking at buying the 25.5% stake in Belgian power generator SPE that is currently held by Gaz de France (1020848.FR), or GdF, Belgian daily Le Soir reported Wednesday, without disclosing sources.

Iran Rejects Calls For OPEC Action On Oil Price

Iran Rejects Calls For OPEC Action On Oil Price

Iran Wednesday rejected calls from crude oil consuming countries for the Organization of Petroleum Exporting Countries to act to lower oil prices that have reached record highs, describing current price as "suitable."

EU: Galp Energia Withdraws Filing To Takeover Agip Spain

EU: Galp Energia Withdraws Filing To Takeover Agip Spain

The European Commission Wednesday said Galp Energia Espana, part of Portugal's oil and gas company Galp Energia (GALP.LB), has withdrawn its antitrust filing to takeover Agip Espana, the oil marketing assets of Italy's Eni SpA (E).

Petrol Ofisi To Raise Issued Capital 11.7% To TRY550M

Petrol Ofisi To Raise Issued Capital 11.7% To TRY550M

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, said Wednesday it had decided to rise its issued capital by 11.7% to 550 million new Turkish lira ($414.7 million), Ihlas news agency, or IHA, reported.

Hungarys MOL Invites Tenders To Build Gas Pipeline

Hungary's MOL Invites Tenders To Build Gas Pipeline

Hungarian oil and gas company MOL Nyrt.'s (MOL.BU) natural gas transport arm Fgsz Foldgazszallito Zrt. has invited tenders for the construction of a gas pipeline to connect the Hungarian and Romanian gas networks, national daily Nepszabadsag said Wednesday.

CEZ Faces Delays To Expansion In Romania Due To Politicking

CEZ Faces Delays To Expansion In Romania Due To Politicking

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, Wednesday said it faces delays to its expansion in Romania due to politicking ahead of general elections there.

Sabanci To Take Partners For Turkey Pwr Nuclear Tender

Sabanci To Take Partners For Turkey Pwr Nuclear Tender

Turkish conglomerate Sabanci Holding (SAHOL.IS) will join a tender to build Turkey's first nuclear power station with a technological and a strategic partner, Ihlas news agency, or IHA, reported Wednesday, citing business daily Dunya.