Shell's Intergen For Sale

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.