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Civils in the news today - Thursday 12 March 2009

Scottish Power yesterday became the latest of Britain’s power generators to unveil plans for a new gas-fired power station…

…The company wants to build a 1,000MW plant, close to its existing Damhead Creek facility in the Medway area of Kent at a cost of £500M – The Guardian

Regeneration projects worth billions of pounds have been left on the drawing board as property companies and councils struggle amid the credit crunch. Thirty-two of the biggest 100 schemes in the UK have been delayed, according to research by Regeneration and Renewal, a trade magazine - The Financial Times

Royal Bank of Scotland has put Wrekin Construction Group, a civil engineering company employing more than 500 people, into administration, in a move likely to fuel hostility among struggling companies to taxpayer supported banks. The decision was made on the same day that the company won orders worth £50M - The Financial Times

European countries could transform their electricity supplies within a decade by investing in a giant network of solar panels in the Sahara desert, an expert told the global warming conference in Copenhagen yesterday. Dr Anthony Patt, of the International Institute for Applied Systems Analysis in Africa, said some £50bn of government investment was needed over the next decade to make the scheme reality – The Guardian

Construction group Costain entered 2009 with a record order book and said it was confident of meeting management expectations in the current year. Costain posted a 17% rise in pre-tax profits to £23.1M in 2008 on revenues that were 12% ahead at £966M, boosted by a solid performance in civil engineering - The Daily Telegraph

Utility giant International Power posted better-than-expected results in 2008 after a strong performance in Australia and the US. However, the company said that pricing weakness in some of its markets meant that profits would fall in 2009, sending its shares down 4.9% to 194.8p - The Daily Telegraph

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