1086 Results
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Bechtel Enterprises and Shell Gas & Power to Assess the Former Mare Island Naval Shipyard
Bechtel Enterprises, in conjunction with Shell Gas & Power, will assess the former Mare Island Naval Shipyard in Vallejo, California as a site for an integrated energy project.
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Intergen Completes Financing on 1065-Megawatt LA Rosita Energy Facility in New Mexico
InterGen announced the financial close and funding of credit facilities for the La Rosita Energy, a 1065-megawatt (MW) natural gas-fired, combined cycle power facility located near the city of Mexicali, in the state of Baja California. With an estimated cost of approximately $748 million, the La Rosita project will be InterGen's third natural gas-fired electricity generating facility in Mexico.
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Bechtel Announces 2001 Results
Bechtel booked $9.3 billion in new work last year. Workoff revenue of $13.4 billion represented one of the highest levels in Bechtel's history.Though the company fell short of an ambitious 2001 financial plan, profitability held steady. It was a solid year for the company, and Bechtel's workload for 2002 also looks solid. Key factors include the continuing growth of Bechtel's telecommunications, government, and power businesses, and the company’s ability to maintain a presence in markets worldwide.
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Bechtel Enterprises' Daniel Chao Named to Export-Import Bank Committee
Daniel K. H. Chao, executive vice president and managing director of Bechtel Enterprises Holdings, Inc., has been appointed a member of the Advisory Committee for the Export-Import Bank of the United States (Ex-Im Bank) for 2002.
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Nexant's Annual Chem Systems Seminar Attracts P&C Industry Experts
The annual two-day European chem Systems seminar fro the petroleum, chemical, and petrochemical industry is schedules to get under way Wednesday, 13 February, at the Royal Garden Hotel in Kensignton, London, U.K. Now held under the aegis of Nexant Limited--the Bechtel-affiliated global energy consulting firm that acquired Chem Systems from IBN as of last fall--ths year's event focused on "Restructuring and Recovery" in the industry.
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Intergen and Adison Spa Announces SIDI KRIR 3&4 Commercial Operations
InterGen and Edison SpA announced that Sidi Krir 3&4, a 685-megawatt, natural gas-fired power facility, has achieved commercial operations and is dispatching into the Egyptian power grid. As Egypt's first build, own, operate and transfer (BOOT) project, Sidi Krir 3&4 is an important milestone for the Egyptian power industry and a sign of Egypt's growing commitment to the private sector. Located near Alexandria, the facility is one of the largest private power stations in the Middle East.
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Telaxis Fiberleap Capability Confirmed in Bechtel Lab Product for Network Edge Extends Metro Reach
Telecommunications, a unit of Bechtel Corporation and a leading network engineering and construction firm, and Telaxis Communications Corporation (Nasdaq:TLXS - news), announced results of testing that validates Telaxis FiberLeapTM fiber optic network extension product. Testing conducted at the Bechtel Telecoms Training, Demonstration, and Research (TDR) Laboratory here confirms the FiberLeapTMproducts ability to transmit optical signals at OC-12 data rates (622 Megabits per second) via a wireless link for "last-mile" connections to fiber optic networks.
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Intergen Completes Financing On 900-megawatt Magnolia Energy Project
InterGen announced the financial close of credit facilities for the Magnolia Energy Project, a 900-megawatt, natural gas-fired, combined cycle power facility located near the town of Ashland in Benton County, Mississippi. Magnolia is scheduled for commercial operations in July of 2003.InterGen, a joint venture of Shell and Bechtel, raised $430 million of financing for Magnolia, consisting of a $405 million loan plus a $25 million LC facility. Magnolia is InterGen's third North American project utilizing a borrowing base concept. The financing was very well received, testifying to the strong acceptance of InterGen's borrowing base approach. By standardizing the documentation, InterGen was able to fund the project in less than two months from the time that the financing was commenced.
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Bechtel-built Cogeneration Facility Fires Up In Texas
Conoco Energy Solutions announced the start of commercial operation at the SRW Cogeneration Limited Partnership facility in Orange County, Texas.
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Bechtel To Provide Epc Services For Australia's Comalco Alumina Refinery
Mining concern Rio Tinto Ltd. has approved development of the Comalco alumina refinery in Queensland and has chosen Bechtel to provide engineering, procurement, and construction for the ambitious project, which should strengthen Australia's position as the world leader in the aluminum industry.
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Calpine Acquires Bechtel's Fifty Percent Interest In Calpine/bechtel Joint Development Energy Center
Calpine Corporation [NYSE:CPN], the nation’s leading independent power company, announced that it has completed a transaction with San Francisco-based Bechtel Enterprises Holdings, Inc., and has acquired Bechtel’s fifty percent interest in the Calpine/Bechtel Joint Development energy center projects. With this transaction, Calpine has acquired Bechtel’s development rights, equipment and assets for all of the joint development projects.
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Intergen Completes Financing And Breaks Ground On 1100-megawatt Redbud Energy Project In Oklahoma
InterGen announced the financial close of credit facilities for the Redbud Energy Project, an 1100-megawatt (MW) natural gas-fired, combined cycle power facility located near Luther, Oklahoma. With an estimated cost of approximately $740 million, Redbud is one of the single largest one-time private sector investments in the state of Oklahoma in over a decade.