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Business 2006 P21



International Power Group agrees GiraSolar purchase
Waste to energy company International Power Group, has signed a binding Letter of Intent to purchase fifty one per cent of GiraSolar B.V., a privately held Netherlands corporation and its related subsidiaries for $4.4m, in a stock and cash transaction.

Competition board rejects Gas Natural takeover
Spain's competition board voted on Monday to block Gas Natural's €22bn ($26.3bn) takeover of Endesa, which would create a national energy champion out of Spain's leading natural gas and electricity companies.

REpower expects 25 per cent installation growth
German wind turbine manufacturer, REpower Systems, has projected that it will install a further 50 wind turbines in 2006 than it did in 2005, increasing its sales forecast from €400m ($480m) to approximately €450m.

AEP aims to consolidate its position
The largest electricity generator in the US, American Electric Power, has completed the purchase of Monongahela Power Company's Ohio operations through its subsidiary Columbus Southern Power (CSP).

Washington Group purchases BNFL's interest in Westinghouse businesses
Washington Group International has completed the acquisition of BNFL's rights to future profits generated by the former Westinghouse government services businesses that Washington Group and BNFL jointly purchased six years ago from CBS Corporation.

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