South Africa's Edcon taps former Massmart boss as CEO
JOHANNESBURG, May 25 South African retailer Edcon has chosen former Massmart boss Grant Pattison to take over as chief executive next year, the company said on Thursday.
TOKYO Oct 3 Japan's Tokyo Gas Co said on Monday it has taken a 28-percent stake in the operating company of a 350-megawatt natural gas-fired power plant in Thailand, marking its first foray into power generation in Southeast Asia.
The Tokyo-based city gas supplier said in a statement that it had acquired the stake in Eastern Power and Electric Co from Total Gas & Power Thailand.
It expects stable earnings due to a power supply contract until 2023 with state-run Electricity Generating Authority of Thailand (EGAT).
A company spokeswoman said the purchase cost "several billions of yen". One billion yen is about $10 million.
Eastern Power and Electric's Bang Bo power plant, about 50 km (30 miles) east of Bangkok, started commercial operations in 2003. ($1 = 101.4700 yen) (Reporting by Osamu Tsukimori; Editing by Joseph Radford)
* March quarter net profit 8.5 million rupees versus loss 14.6 million rupees year ago