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

pge bankruptcy

PG&E's bankruptcy plan wins support from wildfire victims

BERKELEY - Pacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion fund that's supposed to cover their losses.

The company announced the preliminary results of the vote on Monday without providing a specific tally. Those numbers are supposed to be filed with U.S. Bankruptcy Judge Dennis Montali by Friday.

The backing of the wildfire victims keeps PG&E on track to meet a June 30 deadline to emerge from bankruptcy in time…

READ MORE
Hydro meters

Metering Pilot projects may be good example for Ontario utilities

READ MORE

experts-advise-against-cutting-quebecs-energy-exports-amid-us-tariff-war

Experts Advise Against Cutting Quebec's Energy Exports Amid U.S. Tariff War

READ MORE

tesla solar home

Tesla reduces Solar + home battery pricing following California blackouts

READ MORE

Greta Thunberg

Opinion: Germany's drive for renewable energy is a cautionary tale

READ MORE