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June 2002
The first power deal in the Middle East using a two-tranche, ECA-backed loan combined with an Islamic facility has reached financial close. It backs the $255 million, 700MW expansion of Al Hidd power and water desalination project.
Arranged by BNP Paribas and HSBC Financial Services (Middle East) ...
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Several energy players have faced disappointment in the electricity sectors of the former Soviet Union. Russian conglomerate Access Industries has had limited success. Ben Aris reports from Moscow.
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Project leasing has long been suggested as a way to increase the sources of capital available to sponsors who want to take solid assets off balance sheet. It is also prized for its ability to create tax and accounting benefits for plants' former owners. It is probably the second factor that explains...
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Can US sponsors get merchant power deals through in 2002?
Not if they listen to ever-choosier participants.
Tom Nelthorpe sizes up this year's bank market.
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The good times are continuing in Mexico's power sector.
A recent court ruling, and tinkering with fuel supply arrangements,
could still change this. Project Finance's second roundtable on the sector examined the next year's prospects.
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On 19 April 2002, Huntstown Power Company Limited (HPC) in North County Dublin became the first independent power project (IPP) to close financing in Ireland. Under development since 1996, the project has overcome substantial obstacles inherent in Ireland's faltering de-regulation process. ?This has...
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Why are so many equity players looking at low-return transmission businesses? Because the Ferc is offering impressive depreciation allowances to encourage the wires business to go independent.
Christopher Perry reports
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Power trading ? no-one is safe
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With power projects thin on the ground in Asia's more developed markets, Vietnam and Laos are now vying for bankers' attention. But lenders are not all enthusiastic. Natasha Calvert reports from Singapore