Trio of bids for Areva T&D division

PARIS, FRANCE - Areva announced that it had received three binding bids for its transmission and distribution (T&D) division.

They received a joint bid from France's Alstom and Schneider Electric, a bid from General Electric (GE) of the United States, and a joint bid from Toshiba and Innovation Network Corporation of Japan (INCJ).

Areva is now assessing these offers.

The T&D division supplies products, systems and services dedicated to electricity transmission and distribution from the power plant to the final user. The division's customers are electric utilities as well as the oil, mining and metals, wind energy, paper and glass, transportation, and power engineering industries. At the end of June, Areva's supervisory board asked the executive board to put the division up for sale to partly finance the group's long-term development plan.

Areva says a final decision on whether or not to sell the division and the choice of potential buyer will be taken before the end of 2009.

The sale of its T&D division would leave Areva focused entirely on the nuclear power industry, with operations in uranium mining, conversion and enrichment; fuel design and fabrication; reactor design and construction; and decommissioning and waste disposal.

Related News

usa grid

Coronavirus and the U.S. grid: What to know

WASHINGTON - Operators of the nation's electric grid and energy companies are bracing for the spread of a virus that is undercutting power demand in countries across Asia and Europe as daily activities grind to a halt.

Owners of U.S. utilities and nuclear plants are canceling events, halting travel, pushing remote work and testing ill workers to slow the spread of the novel coronavirus.

So far, grid operators in the United States say no substantial effect on the electricity demand has emerged, but that could change. Texas' main grid operator, the Electric Reliability Council of Texas (ERCOT), expressed uncertainty when asked whether…

READ MORE
puerto rico solar power panels

Canadian Solar and Tesla contribute to resilient electricity system for Puerto Rico school

READ MORE

germany coal plant

Germany is first major economy to phase out coal and nuclear

READ MORE

bruce power plant

Operating record for Bruce Power as Covid-19 support Council announced

READ MORE

Quebec shatters record for electricity consumption once again

READ MORE