Australasia

All news, projects, policy and regulation announcements concerning electricity generation in Australia, New Zealand and island territories forming Australasia. Tenders, power purchase agreements, renewable energy projects and energy auctions will also be included in this section.

Business briefs and new business

ABB Turbochargers has opened a service station in Guangzhou, China, to serve the Guangdong area and all of Southern China.

Personnel promotions, appointments, awards

PacifiCorp announced the appointment of Daniel L. Spalding as chairman of Powercor in Australia. He will continue as senior vice president for PacifiCorp and will have offices in Melbourne.

PacifiCorp, Entergy buy Australian utilities

PacifiCorp has announced an agreement to purchase Powercor, an electric utility in Southeast Australia, for approximately (US)$1.6 billion. Powercor has had the highest load growth of the five electric distribution companies in the State of Victoria. Fred Buckman, PacifiCorp president and CEO, said the stability of the Austrialian government figured prominently in the company`s decision to pursue an acquisition during the country`s privatization.

Gas development plan aligns CNG, MetNorth

Consolidated Natural Gas Co. (CNG), of the United States, has finalized a strategic alliance with MetNorth Energy, Australia`s largest electric utility. CNG and MetNorth will work together developing gas mar- keting capabilities in the restructured Australian energy industry. The two companies also plan to identify and develop energy infrastructure projects in Australia and Asia. MetNorth, which supplies electricity to 1.3-million customers in New South Wales, was formed Oct. 1, 1995, through th

IES buys stake in New Zealand distribution firms

IES Industries Inc., USA, has acquired minority interests in two electric distribution companies on the north island of New Zealand. IES owns a 6-percent interest in Powerco Ltd. and a 5-percent interest in Central Power Ltd.

Acquisitions

Foster Wheeler Corp., Clinton, N.J., USA, has concluded its acquisition of Ahlstrom Pyropower Sector, a division of A. Ahlstrom Corp., a Finnish industrial firm. The purchase price will be approximately $200 million, with the final price dependent on Ahlstrom`s performance in the remainder of 1995. Combined products of both companies include an advanced line of circulating fluidized-bed boilers, which is expected to expand its niche in the power generation industry. Foster Wheeler plans to reorg

Australian reforms demand more efficiencies in new competitive market

Many of Australia`s electric power companies have now been privatized with the aim of giving the consumers more choices in the purchase of electricit

Brazil sees need to expand generation capacity

Brazil faces a need to expand electric generation capacity by 25 GW through the year 2004. This means that about 10- to 350-MW plants need to be installed during each of the next eight years. The situation is particularly serious in the populous, industrialized South and Southeastern regions. As a result, the new government is taking measures to attract private power developers and accelerate privatization.

ABB shares secrets of success in Asia

With demand for electricity outpacing supply by 7 percent a year in Asia, ABB has chosen to take the challenge and work toward reaping some of the rewards in this region. And it`s a strategy that`s paying off, according to Rolf H. Kehlhofer, ABB president of gas-turbine and combined-cycle power plants.

Financial news and reviews

Tenaga Nasional Bhd, Malaysia`s national power firm, will likely see profits declining in the coming two years, following the government`s rejection of its tariff increase and competition from IPPs.

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