INSPECTIONS AT ELECTRICITY NETWORKS.
The European Commission confirmed, on 3 February, that on 20 January it carried out targeted inspections at the premises of several electrical equipment manufacturers suspected of having formed a cartel. It notes that it has reason to believe that "the companies concerned may have violated EU anti-trust rules that prohibit cartels and restrictive business practices". The inspection relates to flexible alternating current transmission systems (FACTS), used to increase the power transfer capability of electricity transmission networks by stabilising voltage, among other things. The Commission underlines that these surprise inspections do not mean that the companies are guilty. They constitute a preliminary stage of the investigation, for which there is no strict deadline. Siemens, the German industrial conglomerate, confirmed that it had been targeted by these inspections.
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|Date:||Feb 10, 2010|
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