Business News Archive - February 25, 2008

By John G. Edwards By JOHN G. EDWARDS REVIEW-JOURNAL If the story sounds familiar, it should. A giant Spanish company contracts to build a solar power plant that will generate electricity for a Southwestern utility.

StrategicAir Holding Company, LLC led by Keith St.

Nigerian power generator Geometric Power, as part of a program to initiate a more reliable industrial power supply to sub-Saharan Africa, has purchased three GE Energy LM6000-PD Sprint aero-derivative gas turbines for a new reference power plant located in Aba, southeastern Nigeria.

NEW YORK, Feb. 25 /PRNewswire/ -- Industry Funds Management Pty Ltd ("IFM") announced today that it had reached agreement with Allco Finance Group ("Allco") to take over Allco's equity position in the purchase of the Consolidated Edison Inc. ("Con Edison") generating assets.

Researched by Industrial Info Resources (Sugar Land, Texas) -- Investor-owned ethanol start-up Castle Rock Renewable Fuels LLC (Necedah, Wisconsin) loaded 12 rail cars last week and shipped the first batch of fuel ethanol from its new plant in Necedah.

Exploration Orbite V.S.P.A. Inc. ("Orbite") - (TSX VENTURE: ORT.A) announced the execution of a collaboration letter agreement with Aluminerie Alouette Inc. ("Alouette").

By TONI-LYNN ROBBINS; OF THE NEWS STAFF PORTLAND - An heir of a well-known aviation family that founded Bar Harbor Airlines is running a charter service in Portland.

Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that James D. Lightner will become the next non-executive Chairman of the Board of Forest Oil Corporation. Mr. Lightner will succeed Forrest E. Hoglund, who has decided to retire when his term expires in May of 2008. Mr.

Word of the Day
  • The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
  • In medicine, cauterization.
The word 'adustion' comes from the Latin 'adustio', 'burning'.