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Business 2002 P4



CDC Globeleq acquires AES African power interests for $116m
CDC Globeleq, the recently established emerging market power business of CDC Group plc, is investing $116m to acquire two major electricity generation assets in Africa from the Arlington, Virginia-based AES Corporation.

RJM acquires Beaumont
Pollution control specialists RJM Corporation announced the acquisition of Beaument Environmental Systems (BES) at POWER-GEN International in Orlando.

Avista Corp. appoints Dr. Lura Powell to board position
Avista Corp. has announced the appointment of Dr. Lura Powell to the company's board of directors.

Lynn promoted to vice president at UniSource Energy and Tucson Electric Power
Steven Lynn, manager of corporate relations and communications at UniSource Energy and TEP, will be promoted to vice president of communications and government relations at UniSource Energy and TEP.

AES reaches agreement to sell two Australian generation businesses
The AES Corp. announced Friday that it has entered into agreements to sell its two Australian generation businesses in transactions valued at A$295 million.

Cummins Power Generation to sell and service Kawasaki gas turbine-powered generator sets
Under a new agreement, Cummins Power Generation will market, sell and service generator sets and power systems powered by Kawasaki gas turbines in the Americas.

Mt Stuart purchase boosts Origin generation capacity 50 per cent
Australia's second largest electricity and gas retailer, Origin Energy has bought AES Corporation's Mt Stuart power station in Townsville in North Queensland for $A93m ($52.51m).

Vericor Power Systems establishes new Europe/Middle East office
Vericor Power Systems has established a new Europe/ Middle East office near Frankfurt, Germany, to handle sales and support for its line of industrial aeroderivative gas turbines.

Energy specialist Robert Van Beers joins Charles River Associates
Charles River Associates Inc., a provider of economic, financial, and management consulting services, announced that Robert van Beers, a recognized expert on strategic mergers and acquisitions in the global energy industry, has joined CRA's Toronto office as a Vice President within the firm's Energy & Environment Practice and will assume a leadership role in developing that practice in Canada.

AEP encouraged by Moody's comments
American Electric Power (AEP) said that it is encouraged that Moody's Investors Service recognized the company's strong liquidity and investment-grade quality, despite the downgrade of the company's senior unsecured rating.

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