US energy giant Entergy will pull out of Europe and is looking to divest its only remaining European power plant, Bulgaria's Maritsa III
Published:
30 October 2003 y., Thursday
US energy giant Entergy will pull out of Europe and is looking to divest its only remaining European power plant, Bulgaria's Maritsa III, and give up two intermitted projects in Italy, Euromoney magazine wrote, citing a publication of the analytical company Power Finance & Risk.
US company Entergy's and Italy's Enel rehabilitate the 840 MgW coal-fired power station, built back in the 70s and 80s. Rehabilitation of the units, whose cost is put at EUR 580 M, is expected to increase the scheduled operations of the station by 15 years and boost capacity to 900 MgW.
According to Euromoney magazine Entergy Asset Management has hired Deutsche Bank to advise it on selling its stake in 8 fossil-fused power plants and one wind farm based in Europe.
Analysts say the decision of Entergy comes as no surprise as it is in line with the company's management strategy for the past two years.
Bulgaria's Energy Ministry has not been informed about the decision of Entergy to pull out of Maritsa III project, local Dnevnik Daily reported. Representatives of the ministry have specified that should it be the case, Entergy should offer its stake in the joint venture to the other shareholder - Italy's Enel.
Enel representatives are expected to pay a visit to Bulgaria next week.
Šaltinis:
novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »