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8

Shell's Intergen For Sale

At least four companies will compete for Royal Dutch Shell power generation business

At least four companies will compete for Royal Dutch Shell's Intergen power generation business, which could fetch about $4 billion including debt.

Intergen Shell has a 68 per cent stake in InterGen with the rest held by privately-owned US construction firm Bechtel.

The partners are selling 10 Intergen plants with a combined capacity of 7844 megawatts, including 5436 megawatts wholly owned by Intergen, in Britain, the Netherlands, Mexico, Southeast Asia, China and Australia.

Japan's Mitsubishi, which may be bidding with a partner, as well as Malaysian firms Tanjong and YTL are all submitting offers in the second round of bidding, the sources said on Monday.