-- New chairman for GCC grid authority Saudi Arabia's undersecretary for electricity affairs at the Water & Electricity Ministry, Salih bin Hussain Alawaji, has been elected chairman of the board of directors of the Dammam-based GCC Interconnection Authority (GCCIA)
-- Areva T&D refocuses by selling Australasian assets Areva T&D is to sell its New Zealand and Australian electrical and telecommunication services business to Transfield Services for A$193m ($148m), to concentrate on its core products and services.
-- Enel prepare purchase of EDF stake by selling water assets Enel SpA is ready to buy a five per cent stake in Electricité de France (EDF) as soon as the French government privatizes the company. The report comes a day after Enel announced they are to sell €36m of water assets.
-- China to reach 440 GW by year end The China Association of Electric Power Enterprises has forecast that installed capacity in the country will rise from 384.5 GW to reach 440 GW by the end of 2004.
-- Gamesa agrees sale of 608 MW wind parks Spanish wind power company Gamesa said Tuesday it has agreed to sell six Spanish wind parks with a total capacity of 158 MW in Spain in a deal worth more than €200m ($267m).
-- Novera and Macquarie Bank establish renewable energy JV Australian companies Novera Energy and Macquarie Bank announced today that they have established Novera Macquarie Renewable Energy Limited (NMRE), a 50:50 joint venture company whose purpose is to acquire and operate renewable energy assets, initially in the United Kingdom.
-- Innovative engine secures DTI support A highly innovative new design of internal combustion engine has secured a £75 000 ($145 000) grant from the UK's Department of Trade and Industry. The funding will enable environmental technology start-up Lontra, to complete proof of concept work on its Lindsey Engine.
-- E.ON to invest €18.7bn over next three years German utility E.ON Group plans to invest a total of approximately €18.7bn ($24.8bn) over the next three years. The E.ON Supervisory Board approved the 2005-2007 investment plan at its meeting yesterday.