According to Czech media (15 November 2012), Russian state nuclear power corporation Rosatom may acquire a 49 per cent interest in the JV Nuclear Energy Company of Slovakia from Czech energy company ČEZ. The other partner in the JV is Slovakia’s JAVYS.
The JV is building a new power unit of the Bohunice Nuclear Power Plant project located in Slovakia. The construction contract is worth an estimated GBP 2.4 billion. Rosatom also supplies reactors for two units being built at Slovakia’s Mochovce Nuclear Power Plant.
According to the Russian business daily Kommersant (2 November 2012), Gazprom has broken into the European electricity market through Serbia’s NIS, which is controlled by the gas and energy concern. NIS is considering l participation in two projects relating to the construction of gas heat power plants in Serbia, firstly the modernisation of a plant in Novi Sad, which is currently owned by the state. NIS is interested in at least a 50 per cent interest. It may acquire the interest with a partner – Slovakia’s GGE.
In addition, NIS is considering the construction of a heat power plant in the city of Pančevo once again potentially in partnership with GGE.
These projects, if they proceed, with finally provide Gazprom with access to the European electricity market. It had sought to participate in a global electricity partnership with Germany’s RWE back in 2011, but these plans have so far not come to fruition.
The Iraqi government has approved plans by LUKOIL to acquire Statoil’s interest in the West Qurna-2 oil field Iraq. As a result of the deal, the Russian oil producer will be able to consolidate a 75 per cent interest.
It is possible that LUKOIL may sell on this interest to another foreign partner. It remains unclear why Statoil decided to pull out
According to Kommersant (13 January 2012), Rostelecom plans to make its first foreign buy with the acquisition of 75 per cent minus one share in the Armenian operator GNC-Alfa for USD 22.5 million. Subsequently Rostelecom may buy the Internet provider Ucom. As a result the Russian operator will account for over 13 per cent of the broadband access market in Armenia.
According to a report in Kommersant on 12 January 2012, citing Severstal North America, Alexei Mordashov’s steel producer Severstal may build a Direct Reduced Iron facility in Trinidad and Tobago, which would supply the product for its Electric Arc Furnace activities in Columbus, Missipi. Further information is available in the article and from Severstal’s web …