January 2005

Edipower's Eu2.3 billion refinancing nears close 31 January 2005

The Eu2.3 billion ($3 billion) Edipower refinancing should close in February. Edipower was one of the three generation companys (gencos) carved from incumbent Enel in a privatisation that was a primer to market liberalisation in Italy.

Taweelah B project agreements signed 24 January 2005

The project agreements for the $3 billion acquisition and expansion of the Taweelah B independent power and desalination plant (IWPP) in Abu Dhabi, in the United Arab Emirates (UAE), signed on 18 January.

Four bidders for Danish windfarm 21 January 2005

Four consortia are bidding for the proposed extension on the Kr2 billion ($17.4 million) 165MW Nysted offshore windfarm, Norway, in the Baltic Sea. The extension is expected to add an additional 200MW and construction will surpass Kr2 billion, the cost for the original wind farm.

Massive infrastructure investment in Indonesia 21 January 2005

The Indonesian government has outlined 91 infrastructure projects worth $22.5 billion to international companies at an infrastructure summit in Jakarta, of which around 50% is expected to come from private investors.

Nebraska Public Power bond finances new wind farm 19 January 2005

Nebraska Public Power District (NPPD) has issued $103.6 million of General Revenue Bonds at a premium to be used for financing its new 60MW wind farm near Ainsworth and for improvements at its 1365MW Gerald Gentleman Station coal-fired plant.   NPPD recently began construction of the new wind proj...

Gulf South Pipeline to be acquired through bond financing 14 January 2005

The Gulf South Pipeline is expected to be acquired by Loews Corporation through $575 million bond financing. Loews bought the $1.136 billion pipeline system from Entergy-Koch, in November 2004. The sale reached close on 29 December 2004, financed by a combination of equity and a $575 million bridge ...

Termoli club banks named 10 January 2005

Lead arranger Banca Monte Paschi di Siena (MPS) has brought in nine other banks in a club deal for the financing of Energia's Termoli CCGT plant. There are three Austrian banks and seven Italian.

CIT funds Ramco Gen peaker 04 January 2005

CIT Capital Finance has sole arranged and underwritten a small $24 million project financing for a greenfield 46MW peaking power facility in San Diego. Initially sponsored by Ramco Generating One, the plant will be built over six months and will be acquired upon completion by San Diego Gas & Electri...

Financial close for first US chicken litter power plant 04 January 2005

Financing for Homeland Renewable Energy's (HRE) subsidiary Fibrominn's 50 MW biomass power plant in Benson, Minnesota has closed. This is the first poultry litter fired plant to be built in the US and will closely mimic technology that has been operating in the UK for nine years.

Termoli club gets 10 banks 04 January 2005

Lead arranger Banca Monte Paschi di Siena (MPS) has brought in nine other banks in a club deal for the financing of Energia's Termoli CCGT plant.

Primary Energy closes acquisition facility 03 January 2005

Primary Energy closed its $165 million acquisition facility on 29 December. The deal, led by Lehman Brothers and co-managed by CIT, finances the acquisition of interests in 12 projects, with a net capacity of 713MW. The debt has a seven-year tenor and was priced at 650bp over Libor.