PowerGen to enter RI

Sat, 24 May 1997 | Source: REUTERS

LONDON (Reuter): British electricity generator PowerGen Plc [PWG.L] said on Thursday it agreed to take significant stakes in two independent power projects planned in Indonesia and Thailand.

The projects, which will cost 1.27 billion pounds ($2.1 billion), will have a total generating capacity of 1,850 megawatts.

PowerGen said the new projects would boost its international capacity by 34 percent.

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