Siemens

The AREVA-Siemens consortium that is building the Olkiluoto 3 nuclear reactor in Finland, and the plant’s owner, Finnish utility Teollisuuden Voima Oyj (TVO), have again increased claims and counterclaims for billions of dollars in costs and losses, which they say are caused by delays afflicting the world’s first EPR project. At the end of 2003, TVO […]

A 7,100-MW±600-kV high-voltage direct-current (HVDC) line that runs 2,375 kilometers (km) from new hydropower plants on the Madeira River in the Amazon Basin to major load centers in southeastern Brazil

The European Pressurized Reactor (EPR) under construction in Finland may not start operating until late 2018—putting the project nearly 10 years behind its initial schedule.  Finnish utility Teollisuuden Voima (TVO) said in a statement on Sept. 1 that the AREVA-Siemens consortium building Olkiluoto 3 had updated its schedule. The schedule review, which “has been going […]

After nearly two months of wooing, General Electric (GE) is finally going to get what it wants. On June 21, GE announced that the Alstom Board of Directors had chosen the GE offer to acquire the power and grid businesses over a separate offer proposed by Siemens and Mitsubishi Heavy Industries. GE said the offer […]

Siemens AG and Mitsubishi Heavy Industries Ltd. (MHI) announced on June 16 that they have submitted a proposal to Alstom, the French multinational conglomerate. The offer comes less than a week after the companies confirmed that they were considering a joint proposal and less than 2 months after General Electric (GE) made an offer to […]

While General Electric (GE) waits for the French government to approve its bid for Alstom’s power and grid divisions, other companies are using the time to consider offers of their own. On June 11, Siemens AG and Mitsubishi Heavy Industries (MHI) announced that they are joining forces to evaluate a potential proposal for Alstom. The […]