SOURCE: Industrial Info Resources

July 08, 2008 07:00 ET

Italy's Edison Enters Greek Market in Joint Venture With Hellenic Petroleum, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In a five year strategic industrial plan lasting from 2008 to 2013, Italy's energy utility Edison S.p.A. (BIT:EDN) (Milan) will invest $9.9 billion boosting generating capacity, upstream and downstream hydrocarbon resource projects and new natural gas transmission and storage facilities. In Greece, Edison is planning a joint venture with Hellenic Petroleum S.A. (ATH:ELPE) (Aspropyrgos, Greece), the country's largest operator in the hydrocarbon sector. The companies plan to create 1,500 MW of generating capacity, which would represent about 12% of current Greek capacity, making the joint venture the second largest power operator and trader in the country.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135184, or browse other breaking industrial news stories at www.industrialinfo.com.

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.

Related News Articles

Jacobs Engineering Group Wins $558 Million Contract in Italy's Drive for Solar Power

Atel to Build Two 400-Megawatt Combined-Cycle Units in Europe

Eletrobras Subsidiary Moving Forward with Expansion at Candiota Thermoelectric Plant

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147