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German and Italian Power Companies Form Joint Venture in Romania, an Industrial Info News Alert

Posted on: Thursday, 14 August 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- In June 2008, Germany's E.ON (OTC:EONGY) (Duesseldorf) and Italian Enel SpA (BIT:ENEL) (Rome), signed a memorandum of understanding with the Romanian electricity utility Termoelectrica S.A. (Bucharest) for the construction of an 800-megawatt (MW) coal-fired steam turbine at one of its subsidiaries -- Braila Power Plant, located in the Romanian district of Chiscani. The E.ON-Enel consortium is to form a joint venture with Termoelectrica to participate as a minor stakeholder with the existing assets currently installed at the Braila Power Plant.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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SOURCE: Industrial Info Resources

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