Friday, September 16, 2016

USA: Chinese Nuclear Power Company Now in Running for Chevron's Asian Geothermal Energy Assets

Chevron Said to Narrow Bids for $3 Billion Geothermal Sale (Bloomberg)

China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter.

Jakarta-based PT Medco Power Indonesia is considering joining a separate short-listed consortium that includes Japanese trading house Marubeni Corp. and Philippine energy producer Aboitiz Power Corp., said the people, who asked not to be identified because the information is private. Citigroup Inc., Chevron’s adviser on the sale, will call for second-round bids later this month, the people said.