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Business 2004 P15



India's Power Trading Corp stock to list on BSE
After being postponed twice, the scrip of Power Trading Corporation (PTC) will be listed today at the Bombay Stock Exchange (BSE).

Gail, Tata, BP to jointly bid for Dabhol power plant
Gail (India) Ltd, Tata Power and British Petroleum on Monday signed an agreement to jointly bid for acquiring Dabhol power plant and the adjacent LNG terminal in Maharashtra.

Iraq offers hope for power generator industry
Following a two-year downturn, makers of back-up power generators are finally seeing opportunity for recovery in the form of Iraq.

Mitsubishi Heavy to set up China JV to make gas turbines
Japan's Mitsubishi Heavy Industries is to set up a joint venture in China, with a Dongfang Electrical Corp. Group subsidiary taking a majority stake, the Nihon Keizai Shimbun reported. It said the new firm would make turbines fuelled by natural gas.

Calpine completes purchase of Texas power plant
Calpine Corporation yesterday completed the purchase of the Brazos Valley Power Plant in Fort Bend County, Texas, for approximately $175m. Fuelled by natural gas, the combined-cycle facility is designed to generate 570 MW of electricity for the growing Texas power market.

AP&M and MTU partner to expand field service support in the Americas
Aviation, Power & Marine, Inc. and its subsidiary, AP&M Field Services, Inc. have a new partnership with MTU Maintenance Berlin-Brandenburg, an authorized GE overhaul depot.

Dynegy announces chairman appointment
US energy supplier Dynegy Inc. announced Wednesday that its Board of Directors has decided to elect President, Chief Executive Officer and Director Bruce A. Williamson as Chairman of the Board.

Invensys introduces Global LNG Business and Technology Centre
Invensys has announced the formation of the company's Global LNG Business and Technology Centre.

UAE Taweelah A2 completes $541m refinancing deal
Abu Dhabi's first independent water and power project - the Taweelah A2 - successfully completed a $541m landmark refinancing, comprising conventional and Islamic financing.

Electro Rent Corp. enters business continuity market
Electro Rent Corp. has announced its entry into the business continuity/disaster recovery market with its acquisition from a unit of CIT of the contracts that comprise the unit's quick-ship services business.

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