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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BEIJING - Russia will triple electricity supplies via the Amur-Heihe electric transmission line (ETL) starting October 1, China Central Television has reported.
"Starting October 1, the overhead convertor substation of 500 kW (750 MW DC) will increase its daily time of operation with full loading from 5 to 16 hours per day," the TV channel said.
"This measure will make it possible to dramatically ease the situation with the electricity supply," the report said. Electricity from this converting station is used in three northeastern provinces of China - Heilongjiang, Liaoning and Jilin. In 29 years, Russia supplied over 30 bln kilowatt hours…
