SPX to provide ADCCs for largest geothermal power project in Kenya

SPX's ADCC's will serve four Toshiba 70MW steam turbines at the new plant being constructed in the Rift Valley of Kenya, 100 kilometers northwest of Nairobi.

SPX Heat Transfer was selected to provide the condensers by Hyundai Engineering, the full turnkey contractor for Kenya Electricity Generating Co's Olkaria I and IV geothermal plants.

The two plants are expected to be completed by April 2014.

Drew Ladau, SPX segment president, said: "As demand for electricity in East Africa's largest economy grows, Kenya anticipates that geothermal power will generate approximately 30 percent of power by 2031, a goal we believe can be attained by utilizing ADCC technology."

SPX to provide ADCCs for largest geothermal power project in Kenya

Westinghouse Solar to make point of entry for CBD into US market

Key terms of the transaction have been approved by the boards of directors of both Westinghouse Solar and CBD Energy, subject to satisfactory completion of due diligence and definitive agreements.

Westinghouse Solar and CBD Energy are targeting prompt execution of definitive documents in early March and a third quarter closing date, subject to shareholder approvals and other customary closing conditions. The contemplated transaction structure would be effected solely through an exchange of shares.

"Out of our discussions with CBD Energy since they made an investment in December 2011, we have concluded that a merger will produce synergies between the two companies and create a larger, diversified business with competitive advantages in the renewable energy sector," said Barry Cinnamon, CEO of Westinghouse Solar.

Westinghouse Solar to make point of entry for CBD into US market

Energenic to acquire Energy Network

Energenic is a joint business venture between long-term business partners Marina Energy, a subsidiary of South Jersey Industries, and DCO Energy.

The Hartford Steam Company has heated and cooled some of Hartford’s most prominent addresses - from the State Supreme Court to Traveler’s Tower to Hartford Hospital - since 1962. Hartford Steam now has two district energy systems that serve more than 60 buildings in the downtown and South End areas of Hartford.

Frank DiCola, Energenic’s chief executive officer, said: “The Energy Network and Hartford Steam Company are well maintained high quality assets. This acquisition was very attractive to Energenic as it produces long-term, annuity like income and cash streams derived from a broad portfolio of customers.

Energenic to acquire Energy Network

SCANA posts growth in 2011 earnings, reaffirms 2012 guidance

SCANA's basic earnings for the fourth quarter of 2011 were $98 million or 76 cents per share compared to $94 million or 74 cents per share for the same quarter in 2010.

Financial results by major lines of business

South Carolina Electric & Gas Company

South Carolina Electric & Gas Company (SCE&G), SCANA's principal subsidiary, reported earnings of $316 million or $2.46 per share for 2011, compared to $304 million or $2.42 per share in 2010. For the fourth quarter of 2011, SCE&G reported earnings of $65 million or 50 cents per share compared to $67 million or 52 cents per share in the same quarter of 2010.

The increase in annual earnings was due to higher margins from base rate increases under the Base Load Review Act, which were partially offset by higher interest expense, property taxes, depreciation, and share dilution.

At year-end 2011, SCE&G was serving approximately 664,000 electric customers and approximately 317,000 natural gas customers, up 0.5 and 1.1 percent, respectively, over 2010.

SCANA posts growth in 2011 earnings, reaffirms 2012 guidance

SPX to provide ADCCs for largest geothermal power project in Kenya

SPX's ADCC's will serve four Toshiba 70MW steam turbines at the new plant being constructed in the Rift Valley of Kenya, 100 kilometers northwest of Nairobi.

SPX Heat Transfer was selected to provide the condensers by Hyundai Engineering, the full turnkey contractor for Kenya Electricity Generating Co's Olkaria I and IV geothermal plants.

The two plants are expected to be completed by April 2014.

SPX to provide ADCCs for largest geothermal power project in Kenya