GDF Suez to buy FirstLight Power
MONTREAL, QUEBEC - European power and water utility giant GDF Suez, in which Power Corp. of Canada is an important investor, said it is buying FirstLight Power Enterprises Inc., which operates hydro and natural gas electricity-generating plants in Massachusets and Connecticut.
The deal is worth an estimated $1.7 billion US. The seller is the U.S. private equity group Energy Capital Partners, which owns 15 other small power plants.
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Iran supplying 40% of Iraq’s need for electricity
TEHRAN - “Iran exports 1,200 megawatts to 1,500 megawatts of electricity to Iraq per day that is dealing with severe power shortages and frequent blackouts,” Hamid Hosseini said.
As he added, Iran also exports 37 million to 38 million cubic meters of gas to the country.
On September 11, Iraq’s electricity minister, Luay al Khateeb, said the country needs Iranian gas to generate electricity for the next three or four years.
Iraq was exempted from sanctions concerning Iranian gas imports; however, the U.S. has been pressing all countries to stop trading with Tehran.
Iraq's population has been protesting to authorities over power cuts. Iran exports…
