Landis+Gyr Wins Biggest Smart-Meter Deal
Landis+Gyr won a 600 million-pound ($956 million) contract to provide smart meters in the U.K., the biggest single order for the devices that measure gas and power use in real time. The order means that the Swiss metering company, bought in 2011 by Toshiba Corp., will supply Centrica Plc’s British Gas unit with more than 10 million gas and power meters in its planned rollout of 16 million units. The U.K., seeking energy savings and lower bills, plans to install 53 million meters by the end of the decade.
South African Sasol Seeks $7 Billion to Fund PetroChem Plant in the U.S.
Sasol Ltd. is seeking project finance and loans, and may also trade bonds in the U.S., to fund a petrochemical plant in Louisiana costing as much as $7 billion, CEO David Constable said. The South African company needs to raise $5 billion to $7 billion to build a cracker near Lake Charles, Louisiana, which will convert ethane natural gas to ethylene, used to produce raw materials for goods such as detergents and paints, and start up in within 3 years. Upon start-up in 2017, Sasol anticipates the plant to produce 1.5 million metric tons of ethylene annually.
Idling of Japan’s Last Nuclear Power Plant Raises Power Concerns
With the halt of Japan’s last operating nuclear reactor, the Asian nation is now nuclear-free for the first time since July 2012. Kansai Electric Power Co., which powers Japan’s second-biggest metropolitan area, halted the Number 4 reactor at its Ohi plant last Sept. 15 for maintenance. Japan, which got about 30 percent of its electricity from nuclear power plants before the Fukushima disaster, now has all 50 of its nuclear reactors lying idle, prompting added concerns about power availability this winter. The reactors will have to pass new safety standards before being restarted.
Marubeni Embarks Geothermal Survey in Japanese National Park
In hopes of discovering more renewable energy sources, Marubeni Corp. began a geothermal survey of Daisetsuzan National Park on the northern island of Hokkaido that will continue through February of next year. The Tokyo-based trading company will examine the geology of the area with more tests to follow once officials find enough evidence of geothermal activity. Last year, Japan revised rules for geothermal power projects in national parks -where more than 80 percent of the country’s resources are- as the country looks to increase its energy supplies.