Japan's Marubeni-led group to win Senoko auction- sources

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SINGAPORE, Sept 5 | Thu Sep 4, 2008 9:40pm EDT

SINGAPORE, Sept 5 (Reuters) - A consortium led by Japan's Marubeni Corp (8002.T) is expected to win the auction to buy Singapore's Temasek-owned Senoko Power, with an offer of more than S$3.5 billion ($2.44 billion), sources said on Friday.

The five-member consortium comprises Marubeni, GDF Suez, Kansai Electric (9503.T), Kiyusho Electric (9508.T) and Japan Bank of International Cooperation, a source with knowledge of deal told Reuters.

"The consortium led by Marubeni is leading the race," said the source.

The final bids in the auction, conducted by sovereign fund Temasek Holdings [TEM.UL], came in on Wednesday and winner of the auction is expected to be announced late on Friday, sources said. (Reporting by Saeed Azhar; Editing by Louise Heavens)

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