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Business 2003 P6



Aquila sells power plants to ArcLight Capital for $301m
US energy group Aquila, Inc. today announced that it has entered into a definitive agreement to sell its interests in 12 power plants to Teton Power Funding, LLC, an affiliate of ArcLight Capital Partners, LLC, for $300.9m, subject to pre- and post-closing adjustments.

Doosan Heavy third quarter hit by labour dispute
Doosan Heavy Industries & Construction Co. announced today a net loss of 6.2bn won ($5.25m) in the third quarter which it blamed on a protracted labour dispute at the end of last year and the beginning of this.

New patent issued for heat recovery power generator technology
Proe Power Systems, an engine research and development company, announced that it has just received a Notice of Patent Claims Allowance from the U.S. Patent and Trademark Office for it's new HRPG heat recovery power generator technology.

Reliant Resources reports third quarter loss of $791 million
Reliant Resources Inc. reported a loss from continuing operations of $791 million, or $2.69 per share, for the third quarter of 2003, compared to income from continuing operations of $108 million, or $0.37 per share, for the same period of 2002.

Wärtsilä power plant engineering to Citec
Wärtsilä and Citec Engineering Oy Ab of Vaasa, Finland have today signed an engineering partnership agreement concerning the Engineering functions of Wärtsilä's Power Plants division.

NTPC of India eyes Middle East projects
India's state-owned National Thermal Power Corporation (NTPC) is planning to foray into the Middle East market with two projects in Saudi Arabia and Oman.

GE developing larger wind turbines
General Electric Corp. is developing ever-larger wind turbines, which it intends to market primarily in Europe starting next year.

Calpine completes $140m plant refinancing
Calpine Corporation completed a $140m, 15-year term loan for its 300 MW Blue Spruce Energy Centre located in Aurora, Colo. The new financing replaces a construction loan, which the company entered into in August 2002.

Kewaunee nuclear power plant to be sold to Dominion
Officials of Wisconsin Public Service Corporation, a subsidiary of WPS Resources Corporation, and Wisconsin Power & Light Company, a subsidiary of Alliant Energy Corporation, said Friday that a definitive agreement to sell the jointly-owned 545 MW Kewaunee Nuclear Power Plant to Dominion Energy Kewaunee, Inc., a subsidiary of Dominion Resources, Inc. , for approximately $220m has been signed.

NEC and Lenel team up to provide high availability integrated security systems
NEC Solutions (America), Inc. and Lenel Systems International, Inc. have signed a joint agreement designed to increase the availability of computer servers supporting public and private security systems.

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