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Japan's largest power utility, Tokyo Electric Power Co, will invest JIY 1.24 billion in a Latin America energy fund to target energy services and co-generation businesses in Brazil and Mexico.

Kvaerner has reached agreement with its largest shareholder, Aker Maritime, about an industrial and financial solution for the Kvaerner Group.

Chevron Corp and Nigeria will sign the first oil production accord for Nigeria's new deepsea oil blocks central to the country's plan to boost crude oil ouput and reserves.

ABB (Switzerland) has won a USD 36 million, five-year contract with Norwegian oil company Statoil for the maintenance and modification of a gas treatment plant in Norway and platforms in the North Sea.

JMAR Technologies Inc., a provider of precision micro- and nanotechnology products, has announced that its JMAR Semiconductor Inc. (JSI) fabless semiconductor division has been awarded two additional contracts totalling approximately USD 900,000 to instal and support semiconductor fabrication processes at the Flexible Foundry facility owned and operated by the Defense Microelectronics Activity (DMEA) in Sacramento, California, USA.

Leslie Controls' Constantemp Steam Water Heaters provide instant hot water, always at the correct temperature.

Kvaerner has been saved from bankruptcy, at least for another few days.

Ameuro Metals has produced a technical brochure. The first edition was printed in 1995 and 4000 copies have been sold all over the world.

Bombardier Transportation (Australia) has signed a contract with National Express and the Victorian State Government to build 29 two-car diesel multiple units (DMU) for Victoria's country and regional services.

RWE AG, Germany's biggest energy group, and Electrabel SA, the Belgian energy provider, have signed a contract with BASF AG, Germany's second biggest pharmaceuticals group, for the construction of a power station in Antwerp. The plant is scheduled for completion in 2004. RWE announced yesterday that it would invest EUR 200 million together with its Belgian partner.