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Areva wins 200-million-euro Dubai contract
Paris (AFP) Dec 21, 2009 French nuclear energy giant Areva said Monday it would supply Dubai with 11 electricity substations for 200 million euros (286 million dollars), as the emirate grapples with a serious debt crisis. "The order is the largest ever for Areva T&D (Transmission and Distribution) in the United Arab Emirates," Areva said in a statement. Philippe Guillemot, chief executive of Areva T&D, called it a "prestigious contract" that would strengthen his company's presence in the region. The contract is for 11 gas-insulated substations (GIS). Dubai's economy has grown at a rapid rate in recent years, on the back of a real estate boom, but it was hard hit by the global economic crisis which caused a shortage in available finance for the emirate's ambitious projects. Also on Monday, a German property developer announced plans to build luxury villas and hotels in Dubai despite the situation in the Gulf emirate, which is negotiating to restructure huge debts incurred by state-owned Dubai World. Share This Article With Planet Earth
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France's Areva wins Brazil power line contractParis (AFP) Dec 17, 2009 French nuclear energy giant Areva said Thursday it has won a contract to build the world's longest high voltage electricity line across Brazil for 400 million dollars (275 million euros). The transmission link will stretch 2,375 kilometres (1,500 miles) from the Madeira hydroelectric complex in the northwest of the country to the energy-hungry metropolis of Sao Paulo in the southeast, Areva ... read more |
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