Transmission and Distribution: Areva to form joint-venture with UC RUSAL
20 Jun 2007
Areva''s transmission and distribution division has signed an agreement to form an equal joint venture with the Russia''s United Company RUSAL (UC RUSAL), the world''s largest producer of aluminum.
The joint venture will become the preferred supplier for turnkey projects, electrical equipment and services in the transmission and distribution field for UC RUSAL''s plants and is expected to generate $500 million in orders over the next five years.
Through this partnership, UC RUSAL will secure key competencies to support its fast growing production capacity. For AREVA, partnering with UC RUSAL will enable the company to strengthen its position on the booming electrointensive industries market, and to further develop its activities in Russia.
AREVA has longstanding experience and expertise in developing high direct current electricity supply systems for aluminum production sites around theworld. In 2006, it designed and installed such a customized electrical system for UC RUSAL''s Sayanogorsk site in Siberia.
Philippe
Guillemot, Chairman and CEO of AREVA''s Transmission and Distribution division,
said: "This new partnership is in line with our strategy to reinforce our
presence on the industries market. It also illustrates our strong commitment to
support UC RUSAL''s development strategy by ensuring its
secure access to key
competencies in the electrical field."
Global
leader in nuclear power Areva has manufacturing facilitiesin
41 countries and offers CO2-free power generation and electricity transmission
and distribution. It is the only company to cover all industrial activities in
this field.
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation