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December 2008
Brazil's development bank, BNDES, has approved a R2 billion ($837 million) line of credit for utility holding company Neoenergia.
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Polaris Geothermal has agreed an addendum to the power purchase agreement for its San Jacinto geothermal project.
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Start-up hydroelectric developer HydroChile has approached the International Finance Corporation
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Merrill Lynch has filed suit against Reliant Energy over its cancellation of a $300 million working capital facility.
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Tyr Energy has completed and financed the acquisition of 50% of the equity of the Fox Energy project
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Montana's Public Service Commission has voted to find NorthWestern Energy in violation of its 2004 bankruptcy stipulation
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Glow Energy has closed a Bt3 billion ($85 billion) seven-year loan with Siam Commercial Bank
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Power Finance Corporation received bids from five domestic developers
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GDF Suez has closed the $393 million financing for the Central Termoelectrica Andina
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J Power USA Generation has completed the acquisition of stakes in three power plants
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Power
19 December 2008
NuCoastal seeks financing for further four
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International Power, Siemens Project Ventures and Tessenderlo Chemie have secured project financing from 10 banks for the T-Power 420MW CCGT greenfield project in Tessenderlo in Eastern Belgium.
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Mexico's renewable energy sector has consistently underperformed the country's resource potential. Will a new law deal with Mexico's legal and structural obstacles to project development? By J. Anthony Girolami, Chadbourne & Parke
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The B loan refinancing for the Boston Gen power portfolio faces further stress following the conclusion of the New England capacity auction
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The Eu250 million ($341 million) debt for the 435MW Heron CCGT project in Greece, sponsored by Terna and GEK
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Astoria Energy II has mandated Natixis to arrange $800 million to $1 billion in financing for its 500 MW, gas-fired plant at Bowery Bay/ Steinway industrial complex in Queens, New York. The bank aims to add several joint lead arrangers by month-end and wrap the deal in January. BayernLB, Calyon, Dex...
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EQT Infrastructure Fund and Fortistar are assessing debt financing options for their pending acquisition of the Midland Cogeneration project.
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PLN Persero has signed a $262 million 12-year (including 2 year grace period) facility through sole bookrunner Barclays Capital and facility agent China Development Bank
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The Eu440 million ($585 million) project debt backing the 410MW T-Power CCGT scheme in Belgium is set to close on 17 December
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Reliant Energy has terminated a $300 million credit facility
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The $900 million Shuweihat 2 IWPP nine month bridge financing has pulled in commitments of $1.1 billion
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Colombian generator Isagen is looking for roughly $1.5 billion in debt financing
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Punjab Biomass Power has reached financial close on the Rs395 million ($8 million) debt for one of its biomass power projects
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Eskom has cancelled its R120 billion ($11.5 billion) Nuclear-1 project because of concerns that it would be over-stretched
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National Grid has signed banks into an extension of its 364 day commercial paper backstop facility
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KenGen is looking to issue a Sh15 billion ($189 million) bond by mid-2009 to finance 120MW of thermal generators
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Merchant power producer KGen has slashed its budget predictions for the 2009 financial year in the face of poor operating conditions in its home power market in the south-eastern US.
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The International Finance Corporation has closed a $82 million A loan with Philippine geothermal developer Energy Development Corporation.
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Sabre Energy - a subsidiary of YTL Power International - has agreed to buy Singapore power generator Power Seraya from Temasek Holdings with an unsolicited bid of S$3.6 billion ($2.4 billion) after Temasek cancelled the sale on November 25
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India's Power Finance Corporation has rescheduled the bidding deadline for the 4000MW Tilaiya UMPP again
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CIC Energy has announced that Shanghai Electric Group has been selected as the preferred EPC contractor for the $3 billion Mmamabula coal-fired power project in Botswana, Africa.
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Brazil's Agência Nacional de Energia Elétrica (ANEEL) has awarded seven 30-year concessions to build and operate 4,802km of transmission lines.