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Business 2003 P24



Wood Group rotary electrical company enhances support for Eastern Hemisphere electrical generator operators
Wood Group Rotary Electrical Company Ltd is expanding its generator service, repair and rewind, and coil manufacture operations, and is re-locating to a new 35,000 sq ft facility in Sheffield, United Kingdom to enhance its services for electrical generator operators in the Eastern Hemisphere.

Management buy-out at SMA Regelsysteme GmbH
Within the framework of a buy-out, the management has acquired the shares of FLABEG GmbH & Co. KG in SMA Regelsysteme GmbH and is now sole owner of the company.

Triconex introduces new turbomachinery control solutions
Triconex, an operating unit of Invensys plc, has announced the introduction of two new configurable control solutions for steam turbine applications.

Aquila receives $477m on sale of Australian Properties
Aquila, Inc. announced today that it has completed the sale of its Australian energy investments to a consortium representing Alinta Limited, AMP Henderson and their affiliates for $629m.

Centrica buys Barry CCGT plant from AES for £39.7m
UK utility company, Centrica plc, today announced it has entered into an agreement to acquire the 240MW Barry power station in South Wales from AES Barry Limited and AES Barry Operations Limited, wholly owned subsidiaries of AES Corporation.

International Power offers to buy into Drax
International Power said today it had made an offer to AES Drax Holdings Limited to acquire up to 15 per cent of Drax Power Plant's total outstanding debt which stands at around £1.3bn ($2.01bn) and up to 36 per cent of its equity for a maximum of £80m.

dgmarketplace.com taps into $9 billion DG energy savings
US commercial and industrial facilities could save more than $9 billion in annual energy bills with distributed generation (DG) systems.

Large-block holders of Mirant stock and bonds prevented from selling, trading until notice procedure established
Mirant said Tuesday that a bankruptcy court has entered an emergency relief order preventing the sale or trading of certain shares of, and claims of creditors in, the company's Chapter 11 case.

Delta Power Co. LLC acquires interest in Florida power plant
Delta Power Company LLC, through a wholly-owned subsidiary, has acquired a 100% interest in CP&L Holdings, Inc., the lessee of the Central Power and Lime Cogeneration Project from Gregg Enterprises, Inc. The terms of the transaction were not disclosed.

ScottishPower Appoints New Executive Director
ScottishPower announced Tuesday the appointment to the Board of Simon Lowth as Director, Corporate Strategy and Development with effect from 1 September 2003.

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