Electricité de France SA and Constellation Energy Group Inc.agreed to end a joint venture

On Tuesday, both Constellation Energy Group Inc. and Electricité de France SA have decided to end a joint venture for developing nuclear power plants jointly after their relationship turned sour in recent months.

The problem started in this fall with the five year old JV named UniStar when Constellation did not apply for the federal loan guarantee for the first project of the partnership stating it to be very expensive.


Transnet is looking at possibilities to rope in private firms

A feasibility study was being carried out by Transnet to find out whether private firms can be roped into the company. They are particularly thinking to tag private sector in the programs of expansion.

The firm finds it difficult to carry out these expansion programs alone. These facts were given yesterday by the chief executive of Transnet, Mr. Chris Wells.

According to Wells the para statal firm is considering to expand in the coal sector, iron ore and manganese lines and also the expansion of the new Durban port.


Guateng govt and Eskom will set up a task team for addressing cable theft

Eskom along with the Guateng Government will set up a task team which will tackle cable theft and usage of electricity illegally. The Premier of the province Nomvula Mokonyane on Tuesday said that it has to be done to improve the power supply.


Majali can spend Christmas at home with the case deferred

Sandile Majali, the controversial businessman got some breaks yesterday and can spend Christmas with his family. As the alleged fraud case against him and other four persons got postponed till 18, January which will be heard in the Johannesburg Specialized Crimes Court on that day.



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