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Industry News 2004 P49



Vietnam to build two new hydro power plants this month
Electricity of Vietnam (EVN) plans to build another two modern hydro-power plants in central provinces of Phu Yen and Nghe An, by the end of this month.

Large output diesel genset demand up
A boom in orders is currently being experienced for diesel generating sets ranging in outputs from 500 to 2000 kVA worldwide, according to Indamex.

Alstom sets benchmark for rapid generator rotor rewind
Alstom has set a benchmark by completing a generator rotor rewind in 22 days, against the industry standard of 42 days. This project was completed for the 660 MW Majuba power plant, owned by Eskom, located in Volksrust, South Africa.

WB offers financial support for Pakistan's power sector
The World Bank Pakistan Mission offered financial support for the nation's power sector during a meeting with the Federal Minister for Water and Power. World Bank (WB) country chief Mr. John Walls and Principle Operational Advisor Abid Hassan called on the Federal Minister for Water and Power, Aftab Ahmed Khan Sherpao.

Edison's Midwest Generation unit to raise $1.7bn
Midwest Generation, a unit of Edison International, on Friday said it plans to raise $1.7bn through $700m in term loans and a private placement of $1bn in senior secured notes.

Third credit-rating agency downgrades Ohio Utility DPL to junk status
5 April 2004 - Fitch Ratings joined two other major corporate credit rating agencies by downgrading DPL Inc.'s debt rating to junk status, citing concerns about the company missing a Tuesday deadline to file its annual report with the Securities and Exchange Commission.

GE Energy completes acquisition of AstroPower
GE Energy announced it has completed its acquisition of substantially all of the US business assets of AstroPower, Inc., a leading manufacturer of solar electric power products.

AES announces completion of Chilean subsidiary debt recapitalization
The AES Corporation yesterday announced completion of the debt recapitalization of its Chilean subsidiary, AES Gener S.A. ("Gener"). The recapitalization has significantly extended debt maturities and reduced Gener debt by $250m, while providing continued strong cash flow. It also positions Gener to fully participate in the promising Chilean electricity sector.

Companies agree to work on new nuclear licensing procedures
Five leading energy companies and two nuclear reactor vendors plan to form a consortium that will work with the US Department of Energy to demonstrate and test a new licensing process for obtaining a Combined Construction and Operating License for advanced nuclear power reactors.

Japan's largest IPP starts up
Kobe Steel, Ltd. said today that the second of its two power plants started commercial generation of electricity today for wholesale supply to Kansai Electric Power Co., Inc. The power plant has a generating capacity of 700 MW.

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