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Business 2003 P23



FuelCell Energy's Megawatt Power Plant certified by American National Standards Institute
FuelCell Energy, Inc. announced that its one megawatt Direct FuelCell® (DFC®) power plant, the DFC1500, has been certified to meet the American National Standards Institute (ANSI) products safety standards for stationary fuel cell systems, ANSI Z21.83, making it the largest power plant to be certified under this standard.

Siemens acquisition of Alstom's industrial turbine businesses finalized
Siemens has today announced the closing of the acquisition of the industrial turbine business of the French company Alstom. This follows both EU anti-trust Commission and the U.S. Department of Justice reviews, which resulted in unconditional approvals of the acquisition.

Russia UES to acquire AES Georgian assets
American power firm AES Corporation is to sell its interests in the Republic of Georgia to Russian power monopoly Unified Energy Systems of Russia (UES), according to a Reuters news report.

TransAlta Power, L.P. closes purchase of interest in Sheerness plant
TransAlta Power, L.P. announced the closing of the previously announced acquisition of an indirect 25 per cent interest in the Sheerness Generating Station.

Big Apple Energy terminates deal with NuEnergy Group, Inc.
Big Apple Energy, LLC has withdrawn from a planned business combination announced June 5 with NuEnergy Group, Inc., apparently because of a failure to adequately respond to concerns raised under the Due Diligence provision of the agreement.

Court approves notice procedure for large-block holders of Mirant securities
Mirant announced that the U.S. Bankruptcy Court has approved an interim procedure requiring large-block stockholders, bondholders or other creditors of Mirant Corp. or its debtor subsidiaries including Mirant Americas Generation and Mirant Mid- Atlantic, to provide Mirant ten days advance notice of their intent to buy or sell certain claims against the Debtors, or shares of Mirant Corporation.

Thai Ratchaburi to buy Banpu's Tri Energy stake
Thailand's biggest electricity producer, Ratchaburi Electricity Generating Holding PCL, said Monday it plans to buy a 37.5 per cent stake in Tri Energy Co. Ltd by acquiring all the shares in Banpu Gas Power Co. at a cost of 2.1bn baht ($500 000).

Siemens appoints Niehage to head Power Technology division
Dr. Udo Niehage (48) has been appointed Group President of Siemens' Power Transmission and Distribution Group, headquartered in Erlangen, Germany, effective October 1, 2003.

US interests boost Scottish Power
Better than expected trading results from US activities were the main contributing factor to a 48 per cent rise in first quarter results from utility group Scottish Power. Profits for the quarter were £170.7m ($275.9m) compared with £115.4m for the same period in 2002.

Agreements on sale of Bayerngas signed
E.ON Energie and Ruhrgas today concluded agreements to sell their respective 22 per cent shareholdings in Bayerngas to the municipal utilities of Munich, Augsburg, Regensburg, and Ingolstadt and to the city of Landshut for an undisclosed price.

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