Chevron Said to Narrow Bids for $3 Billion Asian Geothermal Sale

China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter.

Jakarta-based PT Medco Power Indonesia is considering joining a separate shortlisted consortium that includes Japanese trading house Marubeni Corp. and Philippine energy producer Aboitiz Power Corp., said the people, who asked not to be identified because the information is private. Citigroup Inc., Chevron’s adviser on the sale, will call for second-round bids later this month, the people said.