SOURCE: Industrial Info Resources

September 17, 2008 05:00 ET

Marubeni-Led Consortium Acquires Senoko Power for $2.5 Billion, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - September 17, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Lion Power, a consortium led by Marubeni Corporation (PINKSHEETS:MARUY) (Chiyoda, Tokyo), outbid five other firms to acquire Senoko Power Limited (Singapore), the largest power generation company in Singapore and a wholly owned subsidiary of state-owned investment company Temasek Holdings (Singapore). The consortium posted a bid value of 3.96 billion Singapore dollars (S$) ($2.5 billion) to acquire the 3,300-megawatt (MW) utility, which translates to a price of S$1.2 million ($768,634) per MW of generating capacity. The consortium comprises GDF Suez SA (EPA:GSZ) (Paris) and Marubeni with stakes of 30% each, Kansai Electric Power Corporation (TYO:9503) (Osaka, Osaka) and Kyushu Electric Power Corporation (TYO:9508) (Fukuoka, Japan) with stakes of 15% each, and the Japan Bank for International Cooperation holding the remaining stake of 10%.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to or visit us online at

Related News Articles

Chinese Metals & Minerals Industry Spending Millions to Reduce Carbon Footprint

Turbine Manufacturer Suzlon's Stake in REpower Rises to Nearly 90%

SNPTC Starts Civil Works for Two Nuclear Power Units in Shandong Province

Contact Information

  • Contact:
    Joe Govreau