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
The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »