2009 Nov 26
Reuters cited Mr Henri Proglio head of utility group GDF Suez as saying that UAE will award USD 40 billion contract to build several nuclear power reactors to a French consortium in the next few weeks.
He said that the grouping includes GDF Suez, nuclear engineering group Areva and oil company Total, with technical support from power utility EDF. The French team originally seen as the frontrunner for the deal had appeared in recent weeks to be losing ground to a rival bid by Korean groups. Other bidders include a consortium comprising General Electric and Japan's Hitachi and another involving Korea Electric Power Corporation, Hyundai Engineering and Construction and Samsung C&T corporation. The contract will be the largest ever energy contract awarded in the Middle East.
The incoming head of state controlled EDF said earlier this week in French financial daily Les Echos that the French nuclear industry should undergo a major restructuring, notably to be more competitive internationally.
Mr Gerard Mestrallet the head of GDF Suez defended the French bid saying that the French nuclear sector should be supported. He said that "Today, one should not criticize the French nuclear industry, one should support it and back it."
Read more: http://steelguru.com/news/index/2009/11/26/MTIyMzY2/UAE_to_award_nuclear_power_reactors_contract_to_a_French_consortium.html
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Showing posts with label Core Climate Solution. Show all posts
Showing posts with label Core Climate Solution. Show all posts
Nov 7, 2009
Philippines Targets $2.5 Billion Geothermal Development
2009-11-06
Geothermal energy is a core climate solution (as discussed here). The U.S. currently has 3 gigaWatts (3000 megaWatts) of geothermal, one third of the world’s capacity, generating $1.8 billion electricity sales. The US Geological Survey estimates the US could generate 150,000 megawatts of geothermal. A major 2007 study by MIT on Enhanced Geothermal Systems (EGS) found that it could be a provider of substantial baseload (24/7) power. MIT’s panel concluded that “with a combined public/private investment of about $800 million to $1 billion over a 15-year period” — “less than the cost of a single, new-generation, clean-coal power plant” — “EGS technology could be deployed commercially on a timescale that would produce more than 100,000 MWe or 100 GWe of new capacity by 2050.”
The Philippines has almost 2,000 MW of geothermal and are looking to harness another 620 MW. Above is a view of the National Power Corp.’s Makiling-Banahaw Geothermal plant in Laguna province south of the capital Manila.
Read more: http://tinyurl.com/ykmbc99
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