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November 2008
Arcapita has ditched its planned £2 billion ($3.06 billion) sale of Irish power company Viridian
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Oyo State government has signed a memorandum of understanding with Entec Power and Utilities to develop a 250MW independent power project (IPP) in Nigeria
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JBIC has signed a ¥11 billion ($115.1 million) loan for Vietracimex Lao Cai Electric, a state corporation guaranteed by the government of Vietnam
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NuCoastal Power has held preliminary discussions with banks about financing a series of four power plants in Texas.
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EdF has issued a Eu2 billion bond to take out part of its £11 billion syndicated loan that backs its takeover of British Energy
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ArcLight Capital's Lea Power project is close to achieving substantial completion,
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The Eu440 million project financing backing the 410MW T-Power CCGT scheme has missed its EPC deadline
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AES Gener closed the $988 million debt financing for the Angamos power project on 23 October 2008. The financing is one of the largest to close in Latin America this year, but took place before the credit crunch's most vicious phase. It benefited from a supportive contractual and financial structure...
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European wind developers have had cheap debt and good subsidy for the past three years. How many of the smaller developers will have access to debt in the coming months and is costly offshore expansion now a non-starter? By Ivan Castano.
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Infrastructure plans for the Middle East are facing big problems. Sponsor risk-sharing, pricing and tenor expectations will need lowering even further for deals to get away in the new lending climate. Paul Smith reports.
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Germany's coal-fired power plant pipeline is extensive, politically contentious and with the change in lending environment will now have be banked via large club deals that will prove complicated to negotiate. By Michael Marray.
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Fred Olsen Renewables closed the £303.5 million ($475 million) refinancing of its UK wind farm portfolio on October 31. The deal used a structure that wove in the financing of a planned 138MW onshore wind farm, Crystal Rig II, into the refinancing of three operational onshore wind farms.
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InterGen completed its acquisition of two Mexican independent power projects from TransAlta on 8 October 2008, for a purchase price of $303.5 million in cash. The assets are the Campeche and Chihuahua power plants, and constitute TransAlta's whole Mexican portfolio. The acquisition was financed with...
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Power
19 November 2008
GSC pushes Complete merger as La Paloma downgraded
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The Eu85 million ($108 million) debt financing for the 88.6MW Rabai independent power project (IPP) in Kenya is remarkable for being not only the first power project financing in the country since the TSAVO Power IPP project in 2000, but also for closing against the backdrop of debt market turmoil a...
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Royal Bank of Scotland has been appointed financial adviser to Advanced Power's and Siemens Project Venntures' 420MW Bocholt CCGT project in North Rhine Westphalia, Germany.
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Does the US power finance market suffer from a crunch-related cold, or something more terminal? In the face of low gas prices, looming carbon caps, and creeping re-regulation, does independent power have a recovery to look forward to? By Tom Nelthorpe.
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The Theun Hinboun project may have survived the Asian financial crisis intact, but little could have prepared project sponsors Electricite de Laos (EdL), GMS Power (formerly MDX Lao Co) and Norway's Statkraft for the events of September 2008.
As the international debt markets ground to a halt in Oc...
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Despite the lending gloom, Centrica's £1 billion acquisition club loan backing a 25% stake in British Energy is progressing
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Office National de l'Electricite (ONE) has extended the bid deadline for the 1320MW Safi coal-fired independent power project (IPP)
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Sierra Pacific Resources has completed the $510 million acquisition of the Bighorn power project
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Exelon Corporation has promised to take its bid for NRG Energy directly to shareholders
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Brazilian steel-maker Usiminas has lined up a yen-denominated loan with the Inter-American Bank to back its power generation programme.
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GSC Acquisition is currently attempting to gain approval from 80% of its shareholders for the acquisition of Complete Energy
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Bank groups are forming for the two remaining bidding groups - Suez/International Power/Saudi Oger and Acwa Power/Kepco
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The Hinduja Group is looking to restart the stalled $1.3 billion Vizag power project
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Arcapita's Bosque project has replaced its heat rate hedge with Lehman Brothers Commodities Services,
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The 4 November bidding deadline for the 4000MW Tilaiya UMPP in Jharkand - India's fourth UMPP - has been put back
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Constellation Energy has delayed until 26 November the closing of a proposed $2 billion liquidity facility.
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Raser Technologies has received the last tranche of its combined $51 million debt and tax equity financing for the Thermo
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Tata Power and state-owned Druk Green Power Corporation's $201.5 million Dagachhu run-of-the-river hydro project in Bhutan is moving forward having secured a 30-year
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The underwriters for the Shuweihat 2 IWPP - BayernLB, Calyon and Natixis – have invoked a