H-100 Gas Turbine Completes Low NOx Testing
Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and Mitsubishi Heavy Industries Compressor Corporation (MCO) have completed testing of MHPS’s 2-shaft 120MW H-100 Gas Turbine. The H-100 utilizes the latest combustor technology and is the industry leader in terms of low NOx (single digit ppm) for full-load operations for thermal power plants as well as mechanical drive liquefied natural gas (LNG) applications, utilizing high-efficiency compressors manufactured by MCO.
MHI to buy 5 pct of Areva's NewCo for 250 mln euros
Mitsubishi Heavy Industries, Ltd. (MHI) has reached a general agreement on the terms for making a minority stake investment in a new company (NewCo) to be established by the AREVA Group of France, all-round specialists in nuclear energy. The move follows a formal proposal by MHI to AREVA and ongoing discussions on matters including the investment terms and ownership ratios. Ultimately it has been agreed that MHI will acquire a 5 percent equity stake at an outlay of approximately 250 million euros.
MHI to Invest in AREVA
Mitsubishi Heavy Industries, Ltd. (MHI) has begun mulling a concrete proposal toward making a minority stake investment in AREVA NP, a group company of the French comprehensive nuclear energy firm AREVA. AREVA NP specializes primarily in nuclear power plant (NPP) services (including engineering), fuel supply and equipments supply, and MHI's potential investment in the company aims to contribute to further enhancement of the safety and…
ENGIE, MHI Join Forces for Energy Value Chain Development
Gérard Mestrallet, Chairman and CEO of ENGIE and Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries, Ltd. (MHI) signed a Memorandum of Understanding (MoU) to develop their collaboration all along the energy value chain and technology. Following the meeting between the French and Japanese Prime Ministers, on October 5, 2015 in Tokyo ENGIE and MHI entered into a non-exclusive cooperation agreement that builds on the foundation…
Osaka Gas Vessel Named "LNG Venus'
Mitsui O.S.K. Lines, Ltd. President: Koichi Muto) today announced the naming ceremony of 'LNG Venus', a newbuilding liquefied natural gas (LNG) carrier held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. (MHI; President: Shunichi Miyanaga; Headquarters: Minato-ku, Tokyo). The vessel is under construction at MHI and will serve Osaka Gas Co., Ltd. As a large group of guests looked on, Osaka Gas President Ozaki named the vessel, and his wife cut the rope.
Siemens, Mitsubishi Challenge GE with Alstom Offer
Germany's Siemens and Japan's Mitsubishi Heavy Industries presented a joint offer to France's Alstom on Monday that included 7 billion euros ($9.5 billion) in cash, challenging a bid by General Electric. Under the deal, Siemens offered to buy Alstom's gas turbines business for 3.9 billion euros in cash, and MHI to buy stakes in Alstom power assets including hydroelectric power equipment and grid, to be held in separate joint ventures.
French President to Meet with Siemens, Mitsubishi Heads
French President Francois Hollande will meet with the heads of Germany's Siemens and Japan's Mitsubishi Heavy Industries (MHI) on Tuesday morning, the president's office said in a statement on Monday. The meeting with Joe Kaeser and Shunichi Miyanaga is due to take place at 0825 GMT, according to the statement. The two companies are expected to present a joint offer to France's Alstom in Paris on Monday, according to sources close to the bidders…
Siemens, Mitsubishi Eye Joint Bid for Alstom
Siemens says to decide on joint bid by June 16; Mitsubishi CEO says deal would create value for France. Source close to Alstom says joint bid to face hurdles. Siemens is in talks with Mitsubishi Heavy Industries over a joint bid for the energy assets of France's Alstom, a move which could help the German firm overcome antitrust hurdles. With a deadline looming for Siemens to submit an offer for the Alstom assets, the Munich-based firm…
