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PowerGen looks to Pacific Rim

PowerGen looks to Pacific Rim

PowerGen is looking to buy electricity companies in Australia and Thailand. Chief executive, Ed Wallis said the group still wanted to buy a large US electricity company but faces difficulties over the US Public Holding Company Act, which restricts cross-holdings and foreign ownership of domestic power utilities. PowerGen reported a rise in group first half operating profits to à‚£218m ($360m).

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