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Power

  • November 2005

    All change for Calpine management 29 November 2005

    Calpine Corporation has announced that chief executive officer Peter Cartwright and chief financial officer Bob Kelly will be leaving the company. Cartwright founded Calpine, while Kelly was responsible for raising most of the $17 billion in debt on Calpine's books. A controversial figure in the...

  • Mirant reorganisation nears 28 November 2005

    Mirant has received consents from several classes of its creditors to its second plan of reorganisation. This plan would enable Mirant to emerge from chapter 11 bankruptcy protection, and allows the company to appear at a confirmation hearing on 1 December at the United States Bankruptcy Court f...

  • Drax opts for float 25 November 2005

    Drax bondholders have turned down the remaining bidder – BCHP, a US consortium led by Constellation Energy Inc and hedge fund Perry Capital and featuring Blackstone Group and Hellman & Friedman - - for the UK plant and have opted for a flotation on 15 December. The listing will give Drax - the bigge...

  • Electricade da Madeira refinancing closed 24 November 2005

    Empresa de Electricade da Madeira (EEM) - 100% owned by the Autonomous Region of Madeira - has closed a Eu220 million refinancing of existing debt. The 15-year, fixed/floating loan has been provided by Dexia Credit Local, BNG, and KfW. The loan is agented by Banco Efisa.

  • Spark Infra Fund looks for revolving credit 24 November 2005

    Spark Infrastructure Fund – a new fund jointly owned by Cheung Kong Infrastructure (CKI) and Deutsche Asset Management - has launched a A$425 million dual tranche revolving credit via mandated lead arrangers Commonwealth Bank of Australia and Deutsche Bank

  • Aldwych snares start-up equity 23 November 2005

    Aldwych International has secured venture capital of Eu12 million ($14 million) from its management, a consortium of private investors and FMO. Aldwych's founders are Mark Fitzpatrick and Helen Tarnoy, both formerly senior managers at AES. It has been formed to invest in power generation, transmissi...

  • Calpine liquidity plans get legal setback 23 November 2005

    Calpine has suffered a legal defeat in its plans to improve liquidity through asset sales. A Delaware Court of Chancery ruling means that Calpine cannot use the proceeds of a sale of natural gas assets to pay for fuel supplies for its generating fleet. Moreover, the ruling has set an indication ...

  • B&B plots Cross-Sound financing 21 November 2005

    Babcock & Brown Infrastructure is working on a debt financing for its forthcoming purchase of the Cross-Sound Cable. BBI has agreed to pay $160 million (roughly A$280 million) for the cable, which runs between New Haven, Connecticut and Brookhaven, Long island, New York. It has indicated that it wil...

  • Rentech mandates US coal-to-gas advisory 18 November 2005

    Rentech has mandated Credit Suisse First Boston LLC (CSFB) as financial advisor for two US coal-to-liquids facilities.

  • HVB mandated on Airtricity US 17 November 2005

    HVB has been awarded the lead arranger mandate for the financing of Airtricity's 215MW wind development in the US. The project, which has an estimated cost of over $300 million, will involve the development of Airtricity's sites in New York, Texas and Idaho, although the developer has yet to dec...

  • La Higuera signs 17 November 2005

    The International Finance Corporation has signed $160 million in financing for the La Higuera hydroelectric project in Chile. The project is a 155 MW run-of-the-river hydro power plant located in the Tinguiririca Valley east of the city of San Fernando, about 150km south of Santiago. Its sponsor...

  • Thai Gulf Power project closed 16 November 2005

    Thailand's Gulf Power (KK2) project has reached financial close with the signing of $129 million offshore loan to go alongside a $416 million-equivalent onshore facility and a $194 million direct loan from the Japanese Bank for International Cooperation.

  • Loy Yang Power refinancing launches 10 November 2005

    The A$2.36 billion Loy Yang Power Projects refinancing has launched to market.

  • EIF closes US power fund 07 November 2005

    Energy Investors Funds has closed the $750 million United States Power Fund II, LP. Among the investors are California Public Employees' Retirement System, Howard Hughes Medical Institute, John Hancock Life Insurance Company, Kauffman Foundation, MIT, Pacific Life, and UnionBanCal Equities. The ...

  • Trianel IPP in syndication 05 November 2005

    Lead arranger WestLB has launched syndication on a rare German IPP project - the Eu400 million Trianel Power 800MW CCGT sponsored by a consortium comprising German, Austrian and Dutch municipal utilities that also constitute the plant's offtakers.

  • Ten year itch 01 November 2005

    Sponsors are basking in the lowest offshore margins for Thai power deals in ten years. But after the current refinancing wave, will there be any dollar business left? By Dominic Jones.

  • Boston Gen: Hedges go merchant 01 November 2005

    On 23 October, Boston Generating was the subject of a recapitalisation through its new owner EBG Holdings. Boston Generating consists of the Sithe Boston generating, which was the subject of a $1.25 billion financing in December 2000, led by Credit Suisse First Boston and BNP Paribas.

  • JBIC commits to Ratchaburi and Gulf power 01 November 2005

    JBIC has committed to two greenfield power projects in Thailand – the Egco and J-Power sponsored Gulf Power or KK2 project and the Ratchaburi power project sponsored by Ratchaburi Electricity Generating Holding (25%), Hongkong Electric International (25%), Chubu Electric Power (15%), PTT (15%), Saha...

  • Power 01 November 2005

    Reliant NY buyers mandate

  • The more things change... 01 November 2005

    The rapid turnover of power assets in the US has led to a spate of leveraged financings for new entrants. Meet the new owners – familiar names, familiar management, and often the old lenders. By Tom Nelthorpe.

Latest Deals Database updates

Kuala-Lumpur-Singapore High-Speed Rail PPP Project Update date 22/04/2014
Sector Transport > High-speed rail
Country Asia > Malaysia
Total Debt Loan Amount
Status Financial advisor mandated
Perth Stadium PPP project Update date 22/04/2014
Sector Leisure/Stadia > Stadia
Country Asia Pacific > Australia
Total Debt Loan Amount
Status Preferred bidder
IJmond Sea Lock PPP Update date 22/04/2014
Sector Transport > Port
Country Europe - EU > Netherlands
Total Debt Loan Amount
Status Tender launched
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