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Business 2008 P1



Doosan Babcock signs up for pre-combustion technology with Canadian investment
Doosan Babcock has announced a Global Technology Licensing Agreement with a leading Canadian CO2 management technology company, HTC Purenergy (HTC) in a bid to add pre-combustion carbon capture to its clean coal portfolio.

RWE Innogy invests into small wind power technology
RWE Innogy GmbH in Essen, Germany, is taking a minority shareholding and making a £6m ($10.71m) capital injection into Quiet Revolution Ltd, an innovative small wind turbine company based in London UK.

Mini nuclear power reactor receives buyer interest
Hyperion Power Generation said it has received a letter of intent from investment company TES Group to buy the Hyperion Power Module, a 27 MWe nuclear power reactor. The intention is to buy up to six units for various projects in Europe and the Middle East, at some $25 million each.

Bosch acquires majority stake in Ersol
Automotive and industrial technology group Bosch has closed the acquisition of 44.76 per cent of the shares in German solar cell and wafer manufacturer ersol Solar Energy.

Indonesia's PLN asked to re-evaluate cost of power projects
Amid high prices of raw materials for construction, Indonesia's industry ministry has thrown its weight behind contractors for PT PLN's 10 GW power plant programme, asking the state electricity firm to re-evaluate the value of the projects.

TransAlta says takeover bid undervalues company
TransAlta Corp. said its Board of Directors unanimously concluded that the proposal from LS Power Equity Partners and Global Infrastructure Partners (GIP) regarding a possible acquisition of TransAlta for $39 (Canadian) per share (US$37.21) undervalues the company.

Tata Power to bid for Singapore's Senoko
India's biggest electricity generator outside state control, Tata Power, has announced that it is to make a bid for Senoko Power, Singapore's largest power utility.

Centrica considers merging with British Energy
Electricity and gas supplier Centrica said on Monday that it would consider merging with British Energy.

Tripp Lite leverages UAE's soaring demand for power
Tripp Lite is planning to launch new products on power protection and connectivity as part of increased investments in the UAE, which needs to spend Dh10bn ($2.7bn) to meet its soaring demand for electricity over the next few years.

Gas Natural to take over Union Fenosa
Spanish utility Gas Natural has agreed to buy a 45 per cent stake in rival Union Fenosa from debt-laden construction firm ACS in a deal worth €7.6bn ($11.8bn).

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