No. 4.  Weekly. 02 May 2002

                                                                                                                  


Green Paper on Energy

White Paper 
on Transport 

The countdown has started: new slide presentation on Galileo

Commission clears RWE stake in Italian power generation company 
Elettra

Maritime cabotage: effects in the market positive acording to a 
Commission report

No improvement in the market and no change in the behaviour of 
South Korean yards, says fifth Commission report on world shipbuilding

Commission approves acquisition of Enron's Wind Turbine Business 
by a General Electric subsidiary

 

 

GALILEO in the web site of Energy and Transport DG
                     

Why do we need GALILEO?
                     

The countdown has started: new slide presentation on Galileo 

Following on from the unanimous conclusions of the Barcelona European Council, the Council of Transport Ministers released the EUR 450m needed to develop GALILEO, Europe's satellite navigation and positioning system, and at the same time adopted the regulation establishing the joint undertaking responsible for operating it. The GALILEO project, which is being developed in conjunction with the European Space Agency, will enable users to accurately determine their positions in time and space at any given time. Its everyday uses are multiple, from radionavigation in individual cars to transport safety, not to mention its commercial applications (banking sector, geology, public works, energy, etc.). Find in this slide presentation the new developments of the Galileo project since the Transport Council meeting.

 

State Aid legislation
                     

Commission clears RWE stake in Italian power generation company Elettra 

The European Commission, on 29/04/2002, has granted clearance under the Merger Regulation to the acquisition by RWE Power AG of Germany of a 25-percent stake in Italian electricity generation company Elettra GLL S.p.A. from Italian company Lucchini S.p.A. As a result Elettra will be jointly controlled by RWE Power and Lucchini. The operation was examined under the simplified merger review procedure.

 

Maritime Transport in the web site of Energy & Transport DG

Maritime cabotage: positive effects in the market according to a Commission report

Positive conclusions in the fourth two-yearly report on the application of the cabotage Regulation covering the years 1999 to 2000. Presented on 24/4/2002, the report concludes that this new phase of liberalisation has not adversely affected the market. Cargo volumes (260.99 million tonnes in 1999) and the number of passengers (152 million in 1999) transported have remained relatively stable. The five Member States concerned by this new phase of liberalisation (Spain, France, Greece, Italy and Portugal) have tackled it by improving the quality of their fleets. 

 

Shipbuilding market monitoring and reports
                     

Directorate General for Enterprise

Maritime Transport in the web site of Energy & Transport DG

 

No improvement in the market and no change in the behaviour of South Korean yards, says fifth Commission report on world shipbuilding 

The world shipbuilding market continues to face serious difficulties, while certain South Korean yards are still pricing ships below cost, notes the European Commission's latest (fifth) report on world shipbuilding, adopted on 30/04/2002. World ship prices are still being depressed by excess supply, due to past expansion of yards mainly in Korea. New orders did reach an historic high in 2000, bringing a brief price recovery, but then sank substantially in 2001, taking prices with them, in the wake of US recession and the effects of the September 11 terrorist attacks on demand for sea trade and cruises respectively. Declining orders for container ships and cruise ships cut the market shares of both Korea and the EU, which are particularly strong in these segments.

 

State Aid legislation
                     

Commission approves acquisition of Enron's Wind Turbine Business by a General Electric subsidiary 

The European Commission has cleared on 30/04/2002 an operation by which GE Power Systems (GEPS), a wholly-owned subsidiary of the General Electric Company (GE), acquires Enron's Wind Turbine Business. The Commission has concluded that the acquisition, which concerns wind turbines used for power generation, does not raise any competition concerns in Europe.

 


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The contents of this digest are prepared by officials of the Energy and Transport DG and represent their personal views on the subject matters. These views have not been adopted or in any way approved by the European Commission and should not be relied upon as a statement of the Commission or the Energy and Transport DG.

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