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Latest Contracts and deals Update
Singaporean industrial firm Sembcorp has reached an agreement to acquire...
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Alstom and GE to implement joint venture options
Alstom and GE have signed an agreement relating to the implementation of agreements from 2015 regarding the intended exit of Alstom from three energy Joint Ventures.
Aquila targets energy transition with new fund
Investment firm Aquila Capital has launched a new investment fund targeting assets that are essential to Europe’s energy transition.
Denham and Themis join forces for investment
Denham International Power and Themis have joined forces to create a new platform for investing in natural gas and renewable power generation assets in Africa.
EDF Polish sale approved
Authorities in Poland have approved the purchase of EDF’s Polish assets by power firm PGE, subject to certain conditions.
Enel and E.On test blockchain trading
European utilities Enel and E.On say they have traded electricity for the first time via a new marketplace that uses blockchain technology.
Karpowership places large engine order
Turkish energy company Karpowership has placed an order with MAN Diesel & Turbo for a total of 38 type 51/60 engines.
STEG signs EPC contract
Société Tunisienne de l'Electricité et du Gaz (STEG) has signed an EPC contract with Mitsubishi Hitachi Power Systems and Sumitomo for the construction of a 450 MW gas-fired...
Sterling & Wilson wins Sweihan contracts
The Abu Dhabi Water and Electricity Authority (ADWEA) has awarded India’s Sterling and Wilson two contracts for the Sweihan solar power project.
The European Commission is investigating EDF-Areva deal
The EU’s antitrust (monopolies) regulator, the Commission for Competition, is investigating French utility EDF's bid for a majority stake in Areva's nuclear arm.
State Grid confirms CPFL deal
China's State Grid Corporation says it is to buy a majority stake in CPFL Energia, one of Brazil's largest privately-owned power generation and distribution companies.
Vattenfall sells German lignite operations
Vattenfall has signed an agreement worth SEK33 billion to sell its lignite operations in Germany to Czech firm EPH.
Power industry deal value continues to decline
The global power industry saw 2855 deals worth just over $610 billion occur in 2015, representing a decrease of 17% in the number and 8% in deal value compared to 2014.
E.On, RWE sell Enovos stakes
Luxembourg and investment company Ardian have signed an agreement with E.On and RWE to purchase the German utilities' shares in Enovos International.
Areva bale-out has stalled
Negotiations to bale out French engineering company Areva have hit a significant roadblock.
Commission opens investigation into GE's acquisition of Alstom's energy businesses
The European Commission has opened an in-depth investigation to assess whether GE's proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom is in line...
Saudi Arabia to build integrated solar and CC plant
Saudi Electricity Company (SEC) has selected GE for a project that marks Saudi Arabia's first integration of a solar field with a combined-cycle plant and the first introduction...
ABB wins $40 million grid strengthening contract in Sri Lanka
ABB has won an order worth about $40 million from Ceylon Electricity Board (CEB) to supply two new 220 kV substations and upgrade an existing substation in Sri Lanka.
Clean coal IPP for Dubai?
DEWA has announced a competitive tender to select a developer (or developer consortium) to own 49% of a project company to build and operate a 1200 MWe clean coal IPP project.