Areva T&D sale official
The decision to sell ArevaÂ’s Transmission and Distribution business was taken by the Supervisory Board on June 30, 2009 after a review of the groupÂ’s development plan.
At the close of the bidding process, the Areva Supervisory Board, convened on November 30, 2009, asked the Executive Board to begin exclusive negotiations with Alstom/Schneider Electric to draw up the terms of an agreement providing for:
• a sale price of 4.09 billion euros in enterprise value;
• a commitment to maintaining all European sites for a 3-year period;
• guarantees for the workforce: all European employees are to be offered a similar position in the same geographical area at an equivalent qualification level and without loss of compensation or seniority; unless the economic situation deteriorates significantly, there will be no layoff program except for voluntary terminations.
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ST. JOHNS - An independent consultant is questioning if the brand new Labrador Island link can be counted on to supply power to Newfoundland this coming winter.
In June, Nalcor Energy confirmed it had successfully sent power from Churchill Falls to the Avalon Peninsula through its more than 1500-kilometre link, but now the Liberty Consulting Group says it doesn't expect the link will be up and running consistently this winter.
"What we have learned supports a conclusion that the Labrador Island Link is unlikely to be reliably in commercial operation at the start of the winter," says the report dated Aug. 30, 2018.
The link relies on…
