|
PowerGen is planning to create a further 150 jobs at its call centre in Nottingham, as well as 70 jobs at its site in Bolton. 16-Jan-2007 PowerGen is to create 100 new jobs at its call centre in Rayleigh, Essex, following a recent decision to close sites in India. 12-Sep-2006 PowerGen is planning to create 450 jobs at call centres in Bedford, Leicester, Nottingham, Rayleigh and Bolton by the end of the year, in order to reduce the level of outsourcing in India. 19-Jun-2006 PowerGen has announced a £800m project to convert the Isle of Grain power plant in the Thames Estuary into a gas-fired plant. 10-Jan-2005 PowerGen is to relocate 400 retail sales management and enterprise call centre jobs to a new office on the Sherwood Business Park in Nottinghamshire. 26-Aug-2004 International Power has acquired stakes in two gas-fired power stations in Turkey and Pakistan from PowerGen for £30m. 09-Mar-2004 PowerGen is to shed up to 600 of the 4,700 jobs in its Central Networks distribution business, including 400 through the closure of offices in Birmingham and Walsall. 20-Feb-2004 PowerGen is looking to set up small-scale wind farms across Yorkshire, and is inviting community groups to propose suitable sites. 11-Feb-2004 PowerGen has acquired sole ownership of Cottam gas-fired power station in Nottinghamshire, in a £52m deal with joint venture partner Siemens Project Ventures. 02-Feb-2004 PowerGen is to combine Midlands Electricity and East Midlands Electricity into a new group called Central Networks, which is expected to lead to the closure of some offices and the loss of some of the 5,000 jobs. 19-Jan-2004 PowerGen is to create 150 jobs at its customer service call centres in Nottingham. 20-Nov-2003 Yarmouth Borough Council is considering plans from PowerGen for the development of a visitor centre for the Scroby Sands offshore wind farm project. 23-Oct-2003 PowerGen has agreed terms to acquire Midlands Electricity from Aquila & First Energy for £1.2bn, and expects to make annual cost savings of £50m as the business is combined with its East Midlands Electricity subsidiary. 22-Oct-2003 PowerGen is planning to restart a 650MW oil-fired power station at Grain in Kent next month, in anticipation of rising wholesale prices this winter. 20-Aug-2003 PowerGen Renewables is to submit plans to build a 40MW wood-fuelled power plant in Lockerbie, with the creation of 70 jobs. 12-Aug-2003 PowerGen is to set up a credit management call centre in India, and the 300 staff will be employed by outsourcing company Vertex. 07-Aug-2003 PowerGen is to invest £120m in renewable energy projects in 2003, including a 40MW wood-burning power station in Lockerbie, wind farms and two hydroelectric plants. 11-Mar-2003 PowerGen has finalised plans to build a £75m windfarm at Scorby Sands off the Norfolk coast by autumn 2004, and the offshore work will be handled by Vestas Celtic Wind Technology. 04-Mar-2003 PowerGen is to shed 962 jobs in its energy retail operations, affecting sites in Ipswich, Rayleigh, Bolton and London. 21-Jan-2003 PowerGen is to close two coal-fired power stations - High Marnham in Nottinghamshire and Drakelow C near Burton-on-Trent - with the loss of 200 jobs. 10-Jan-2003 PowerGen is to create 100 jobs at its customer service centres in Nottingham, and 150 jobs will be created at its Leicester site. 08-Jan-2003 PowerGen Renewables has announced proposals for the development of an offshore wind farm at Portland Harbour in Weymouth. 01-Nov-2002 TXU is to sell its UK power operations to Eon, the German owner of PowerGen, for £1.62bn, which will involve the transfer of three coal-fired power stations and a London-based combined heat and power scheme. 22-Oct-2002 Abbot Group has agreed to sell its 50% stake in wind farm developer PowerGen Renewables to PowerGen UK for £57m. 21-Oct-2002 PowerGen is to mothball 1,800 MW of power station capacity because of low electricity prices, including the Isle of Grain oil-fired plant and the Killingholme gas-fired plant. 10-Oct-2002 PowerGen and Abbot have won government approval for the development of a £80m 76MW offshore wind farm at Great Yarmouth, which will include 38 turbines. 18-Apr-2002 PowerGen has dropped plans to sell its £500m combined heat and power business, and will continue to operate the 17 existing generators and build the four currently under construction. 24-Jan-2002 PowerGen is conducting a feasibility study into plans for a £500m 500MW wind farm in the Thames estuary, to provide power to London. 16-Jan-2002 PowerGen is planning to shed up to 100 of the 150 jobs at its call centre in Uddingston. 11-Jan-2002 PowerGen is seeking outline planning permission from Tewkesbury Borough Council to build a gas-fired power plant at the DuPont site in Brockworth. 15-Nov-2001 PowerGen is planning to raise £236m from the sale of two US power stations to Progress Energy. 07-Nov-2001 PowerGen is planning to provide home computers and internet access to its 5,000 UK staff, at a cost of £2m. 27-Jun-2001 PowerGen has announced plans for the development of a £30m combined heat and power facility at the North Mersey Goods Yard, to provide electricity and steam for the Mersey Docks & Harbour Company and Cargill. 30-Apr-2001 PowerGen has sold its power station and mining operations in Germany and Hungary to NRG Energy of the US for £130m, in order to reduce debt and focus on the UK and US markets. 18-Apr-2001 PowerGen is to be acquired by Eon of Germany for £9.6bn, which will give Eon greater access to the energy markets in both the UK and US. 10-Apr-2001 PowerGen is looking to sell its combined heat and power business, which includes 21 plants and employs 230 people, in order to focus on its other generation and retail energy operations. 05-Apr-2001 PowerGen is setting up a new business called European Generation Asset Management to operate power stations in continental Europe, and is also forming a joint venture with Andersen Consulting to provide energy advice to large companies. 27-Feb-2001 PowerGen is in discussions with a number of potential buyers, including Eon of Germany. 18-Jan-2001 PowerGen has sold the Rye House power station in Hertfordshire to Scottish Power for £220m. 22-Dec-2000 PowerGen has sold its option to build a 800MW power station in Cologne to the Intergen joint venture between Shell and Bechtel for undisclosed terms, and has also announced a £300m securitisation programme to reduce financing costs. 18-Dec-2000 PowerGen has sold a 49.9% stake in Turbogas Produtora Energetica, a Portuguese gas-fired power station, to RWE of Germany for £110m. 13-Dec-2000 PowerGen has sold its majority power plant stakes in Asia and Australia to CLP for £286m, and is now looking to sell power stations at Rye House in Hertfordshire and Connah's Quay near Chester. 08-Dec-2000 Guardian iT is linking up with PowerGen to build a 24MW gas-fired power plant at a planned £50m internet co-location facility near Heathrow, in order to avoid electricity supply problems. 07-Dec-2000 PowerGen has sold its LG Energy power project in South Korea for £38m, as part of an ongoing disposal programme to reduce debt. 26-Oct-2000 PowerGen is to open a new call centre at Uddingston near Glasgow next month with the creation of 100 jobs, while a further 40 field sales advisers will be recruited throughout Scotland. 23-Oct-2000 PowerGen is in negotiations to sell its Indian electricity operations for up to £300m, and is also considering offers for the Rye House and Connah's Quay power stations in the UK. 19-Oct-2000 PowerGen is to sell the Cottam power station in Nottinghamshire to London Electricity for £398m, as part of a strategy to reduce debt. 17-Oct-2000 PowerGen is understood to have shortlisted five international energy companies for the sale of three of its UK power stations, including Centrica, Scottish & Southern, Scottish Power, Electricite de France and NRG. 10-Aug-2000 PowerGen has sold the former East Midlands Electricity Security Services Division to a management team for undisclosed terms, and the new Leicester-based business will be called Secure One. 01-Aug-2000 PowerGen has announced a deal to sell its packaged gas, electricity and telephony service to 2m customers of Legal & General, while Legal & General will offer stakeholder pensions to PowerGen's 250,000 business customers. 26-Jul-2000 PowerGen is to pay £33m for a 50% stake in Corby Power, the 350MW gas-fired power station in Northamptonshire, while the other 50% will be owned by ESBI Engineering. 09-Jun-2000 PowerGen is looking to sell three UK power stations - Rye House in Hertfordshire, Connah's Quay at Liverpool Bay and Cottam in Nottinghamshire - in order to fund acquisitions in the US. 05-Jun-2000 PowerGen is planning to create up to 500 jobs at a new call centre in Wath upon Dearne, near Rotherham, in July. 04-May-2000 PowerGen is to create up to 300 customer service jobs in Nottingham over the next year, in order to reach its target of 5m customer accounts by the end of 2002. 01-Mar-2000 PowerGen is acquiring LG&E, the Kentucky-based electricity and gas supplier, for £1.8bn, in its first major move into the US market. 28-Feb-2000 PowerGen is to invest £10m in a 50% stake in the TeleCentric Solutions subsidiary of Affinity Internet, in order to develop new internet products and multi-utility billing. 22-Feb-2000 PowerGen has sold East Midlands Electricity Contracting to ABB for undisclosed terms. 10-Feb-2000 Shell and PowerGen are planning to build two of the world's largest wind turbines off the Northumberland coast at Blythe, at a cost of £4m. 02-Feb-2000 PowerGen is said to be interested in buying LG&E, the Kentucky-based energy group, as its first large-scale acquisition in the US. 31-Jan-2000 PowerGen is to build a 60MW combined heat and power gas-fired power station in Stoke-on-Trent, in order to supply energy to a Michelin tyre plant. 25-Jan-2000 ICI has signed an agreement for PowerGen to build and operate a £110m combined heat and power plant at its manufacturing site in Runcorn. 24-Nov-1999 PowerGen is linking up with Affinity Internet to offer a subscription-free internet service called Surf&Save, which will enable consumers to get discounts on their utility bills. 03-Nov-1999 PowerGen is to pay £197m to BHP, Lasmo and Centrica for a reduction in gas supply prices from the Liverpool Bay field to its Connah's Quay power station in north Wales. 20-Oct-1999 PowerGen is creating 50 new jobs at its call centre in Nuthall and a further 100 people will be recruited next year, due to rising demand for its gas and electricity supply services. 08-Oct-1999 PowerGen is planning to build a £30m heat and power plant in Bootle, to provide electricity and steam for port businesses on Merseyside. 24-Sep-1999 PowerGen has won government approval to convert its 2,000MW Cottam power station in Nottinghamshire to burn gas as well as coal. 18-Sep-1999 PowerGen is looking to spend up to £3bn on the acquisition of a US electricity company, and is also interested in buying another UK regional distribution business. 10-Sep-1999 PowerGen has completed a £6.4m deal for a new office building at the Pegasus Business Park near East Midlands Airport, and will use the site as a central office for its distribution business. 27-Aug-1999 PowerGen is increasing its stake in Gujarat Torrent, the Indian electricity company, from 28% to 74% at a cost of £159m. 17-Jul-1999 PowerGen is to sell its coal-fired power stations at Fiddler's Ferry in Cheshire and Ferrybridge in West Yorkshire to Mission Energy of the US for £1.3bn, in order to win government approval for its acquisition of East Midlands Electricity. 26-Apr-1999 PowerGen is planning to cut up to 700 jobs at East Midlands Electricity by consolidating six regional offices onto a single site at the Pegasus business park in Leicestershire. 23-Apr-1999 PowerGen is to re-brand its recently-acquired East Midlands Electricity supply business under the PowerGen name. 01-Apr-1999 PowerGen is to take on 200 staff in Nottingham from Perot Systems Europe, following its decision to bring East Midlands Electricity's business systems in-house. 25-Mar-1999 PowerGen has been refused planning permission to build a gas-fired power station in Lanarkshire, as the government ruled it would be against the local development plan. 11-Mar-1999 PowerGen has acquired a 49.9% stake in LG Energy, the South Korean power company, for £38m. 10-Feb-1999 PowerGen has announced plans to restructure East Midlands Electricity by centralising the network management and construction departments, which will result in an unspecified number of job losses. 19-Jan-1999 PowerGen is buying 12 small power plants with a combined capacity of 176MW from Yorkshire Electricity for £95m, which will double its combined heat and power generating output. 05-Jan-1999 RJB Mining has won a contract worth up to £1bn to supply coal to PowerGen. 17-Dec-1998 PowerGen has agreed to pay £534m to BHP, Monument Oil & Gas and Lasmo, to escape long-term gas supply contracts for its Connah's Quay power station in north Wales. 11-Dec-1998 PowerGen is planning to sell its Ferrybridge C power station in Yorkshire and Fidlers Ferry in Cheshire, having been ordered by the government to sell two coal-fired stations in order to win approval for its takeover of East Midlands. 21-Nov-1998 PowerGen is forming a joint venture with the Abbot oil services group to develop offshore wind farms. 17-Nov-1998 PowerGen is looking to acquire electricity companies in Australia and Thailand, and is trying to find a suitable partner to expand its US business. 13-Nov-1998 Centrica is acquiring the gas field interests of PowerGen for £248m, which will increase its reserves in the Irish Sea and take it into North Sea production for the first time. 13-Oct-1998 The government has given PowerGen the go-ahead to acquire East Midlands Electricity for £1.9bn on the condition it sells off two large coal-fired power stations. 25-Sep-1998 PowerGen is said to have called off merger talks with Houston Industries of the US because they could not agree on a valuation for the deal. 20-Aug-1998 PowerGen's merger talks with Houston Industries of the US have been delayed as the two companies try to determine how to overcome potential regulatory hurdles which could reduce the value of the deal. 03-Aug-1998 PowerGen is said to be preparing to sell one of its power stations, possibly Ferrybridge in Yorkshire, in order to win approval for its acquisition of the East Midlands electricity company. 08-Jul-1998 PowerGen has agreed to acquire East Midlands, the regional electricity supplier, for £1.9bn, and is also discussing a possible merger with Houston Industries of the US. 30-Jun-1998 PowerGen is in negotiations to acquire East Midlands Electricity for about £2bn, as it aims to become an integrated generator, supplier and distributor. 22-Jun-1998 GEC Alsthom has won a £100m contract to build a 140MW combined heat and power plant in Cheshire for PowerGen. 10-Jun-1998 The government is said to be planning to ask PowerGen and National Power to dispose of about 20% of their generating capacity, as part of a package of measures being devised to save the coal industry. 03-Jun-1998 PowerGen is looking to sell its domestic offshore oil and gas business in order to fund the acquisition of a large US company and possibly a UK regional electricity supply company. 22-May-1998 PowerGen is said to be planning to sell its offshore oil and gas assets, in Liverpool Bay and the Ravenspurn and Galleon fields in the North Sea, for up to £400m. 19-May-1998 PowerGen is said to be undergoing merger discussions with Houston Industries of the US, which could create a £10bn group that would satisfy the international expansion ambitions of both companies. 04-May-1998 National Power and PowerGen have been warned by the industry regulator that they must offer to sell unwanted power stations to rivals, rather than closing them to protect market share. 18-Apr-1998 PowerGen is threatening legal proceedings against its partners in the Liverpool Bay gas project, which include BHP Petroleum, Monument Oil & Gas, and Lasmo, due to a dispute over a take-or-pay gas contract signed in 1991. 08-Dec-1997 PowerGen is looking to make a major acquisition, either of a regional electricity company or of a US company, and analysts estimate it could spend up to £2bn without increasing borrowings. 21-Nov-1997 National Power and PowerGen are facing an inquiry over plans to close 1,200MW of coal-fired generating capacity, as the electricity regulator believes that the plants could be sold instead. 16-Oct-1997 PowerGen is to close one of the four generating units at its coal-fired power station in Ferrybridge, Yorkshire, which is seen as another blow to RJB Mining, the coal producer. 25-Sep-1997 PowerGen has secured a 20-year power purchase agreement with MVM, the Hungarian state electricity supplier, which will lead to a £160m power plant development in Budapest. 17-Jun-1997 PowerGen has announced that it is looking for a big acquisition, and has also given details of a £398m power station project being planned in Indonesia and a £875m project in Thailand. 23-May-1997 PowerGen is linking up with Siemens to build a £150m centre for the demonstration of combined cycle gas turbine technology at the Cottam power station in Nottinghamshire. 08-May-1997 PowerGen is to acquire full control of Kinetica, the gas marketing company, from Conoco (UK) for £18m. 21-Mar-1997 PowerGen and National Power have formally agreed to break all ties with Midlands Electricity and Southern Electric respectively, following the government block on their merger plans. 06-Mar-1997 PowerGen has pulled out of a project at Belvedere in Kent to set up a rubbish incinerator which generates electricity as a by-product, following protests by local environmental activists. 03-Jan-1997 PowerGen is considering a possible bid to gain control of Bewag, the Berlin utility that is being privatised next year, in a deal that may cost up to £970m. 18-Dec-1996 PowerGen has awarded a three-year contract to Greenway for the supply of recycled support fuel to one of its power stations. 14-Nov-1996 PowerGen is to stop using the controversial Orimulsion fuel with the closure of its 500MW Ince power station at Elton near Chester next March. 26-Sep-1996 PowerGen is planning a £35m offshore wind farm near Great Yarmouth, which will have 25 giant wind turbines with a total generating capacity of 37.5MW. 14-Aug-1996 PowerGen says it will try again to acquire a regional electricity company next summer, having failed to acquire Midlands Electricity in April. 18-Jul-1996 The government has said it will keep its special shares in National Power and PowerGen and restrict individual voting stakes to 15%, effectively preventing bids for the power generators. 03-May-1996 The DTI is expected to give the go-ahead for National Power and PowerGen to acquire Southern Electric and Midlands Electricity. 13-Apr-1996 PowerGen is moving into India as part of a consortium to build and operate a £460m power station in Gujarat, and is in discussions about new power stations in two other Indian states. 07-Apr-1996 Brunner Mond is planning a £100m combined heat and power plant at its Winnington chemicals plant in conjunction with PowerGen, with excess electricity being sold to the grid. 04-Apr-1996 PowerGen is planning to build a gas-fired power station in Lanarkshire in two phases, each with 350MW capacity, creating 700 construction jobs and 35 permanent ones. 07-Mar-1996 PowerGen has gained a 49.9% stake in the Yallourn power station in Australia, which has been sold off by the Victorian government. 05-Mar-1996 PowerGen is considering the construction of a £300m 700MW gas-fired power station in Gratcosh, Lanarkshire, in what is seen as a threat to the two Scottish electricity companies. 30-Jan-1996 PowerGen's insurers have agreed to pay for damage caused to cars by emissions from its Richborough orimulsion-fuelled power station. 23-Jan-1996 PowerGen is leading a consortium that has bid to build a power station in Victoria, Australia. 13-Jan-1996 The electricity regulator has decided against extending beyond March the price cap on PowerGen and National Power. 13-Dec-1995 PowerGen is to close its Richborough, Kent, power station which uses the controversial Orimulsion fuel. 30-Sep-1995 Eastern Group is to buy two power stations from PowerGen - High Marnham and Drakelow C. 19-Sep-1995
|