Trio of bids for Areva T&D division

subscribe

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

EDF isrish deal

Utility giant Electricite de France acquired 50pc stake in Irish offshore wind farm

PARIS - It’s been previously estimated that the entire Codling Bank project, which will eventually see hundreds of wind turbines erected about 13km off the Co Wicklow coast, could be worth as much as €100m. The site is set to generate up to 1.1 gigawatts of electricity when it’s eventually operational.

It’s likely to cost well over €2bn to develop.

The other half of the project is owned by Norway’s Fred Olsen Renewables, with tens of millions of euro already reportedly spent on surveys and other works associated with the scheme. Initial development work started in 2003.

Mr Barrett will…

READ MORE
Kakrapar nuclear plant

India’s Kakrapur 3 achieves criticality

READ MORE

bomb-cyclone-leaves-half-a-million-without-power

Bomb Cyclone Leaves Half a Million Without Power in Western Washington

READ MORE

Britain breaks record for coal-free power generation

Britain breaks record for coal-free power generation - but what does this mean for your energy bills?

READ MORE

Switch from fossil fuels to electricity could cost $1.4 trillion, Canadian Gas Association warns

READ MORE