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November 2002
The Altamira II financing has been one of the most hotly-anticipated closes this year in Latin America. Not so much as a quality asset, although tightly-structured non-US assets are very much in demand, but because of what it means for future independent power projects in Mexico. Altamira looks to h...
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Looking for bargains in the UK power market? There may be legal obstacles to overcome. A guide to purchasing power assets from distressed sellers by Tony Hawkins and Bruce Johnston, LeBoeuf, Lamb, Greene & MacRae.
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Meltdown
01 November 2002
The UK generating market is in crisis. Amid the defaults, workouts and recriminations, do bankers have anyone to blame? Louise Bowman reports
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Almost five years to the day of publication of the bidding document, Phu My 2.2 ? Vietnam's biggest project financing to date and its first build-operate-transfer (BOT) ? reached financial close in October. The transaction is the cause of a heightened optimism that South-east Asia could provide prec...
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NEG walks away from GenHoldings
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Hungary's Eu53.3 million ($54 million) TVK Eromu, inside-the-fence, industrial steam/power project reached financial closed on 19 September. Lead sponsored by RWE-owned EMASZ, with 74% of TVK Eromu, and with the offtaker TVK (one of the largest central European petrochemicals players) as 26% shareho...
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Up tools
01 November 2002
Banks have been chastened by the dismal performance of utility-related project loans. Market sentiment is that there is nothing like running a power plant to sharpen the mind. By Christopher Perry.