February 2008

Ras Laffan C financing details emerge 29 February 2008

A preliminary information memorandum (PIM) will be with banks in mid-March for the commercial debt backing Ras Laffan C IWPP project in Qatar.

Allco starts infrastructure exit with ConEd sale 25 February 2008

Australian fund management group Allco Finance Group has pulled out of the $1.477 million acquisition of Consolidated Edison's unregulated generation portfolio.

Brazil's ATE III nears close 20 February 2008

Abengoa has lined up a $200 million loan from the Inter-American Development Bank (IDB) to finance its ATE III project.

LS presses TransAlta on Mexico and projects 20 February 2008

LS Power's Luminus hedge fund has scored a success in its activist battle against TransAlta's management.

Tyr closes on Chesapeake 19 February 2008

Tyr Energy has closed the acquisition of the Commonwealth Chesapeake power station.

Calpine emerges from Chapter 11 08 February 2008

Calpine Corporation has completed its emergence from bankruptcy, and resumed trading on the New York Stock Exchange on 8 February.

Maithon Power raises $790 million 07 February 2008

Maithon Power Ltd, the JV between India's Tata Power Co Ltd and state owned Damodar Valley Corp (DVC), has raised Rs31.15 billion ($789 million) in debt to finance a power project in eastern India.

US banks promise coal caution 04 February 2008

Citigroup, Morgan Stanley and JPMorgan Chase have announced a new set of carbon-conscious guidelines for their power finance businesses.

Bujagali: Dambuster 01 February 2008

Sponsor change, contentious World Bank involvement, and 75% cost increases – despite all the hurdles the 250MW Bujagali Energy hydropower project in Uganda reached financial close in the last days of 2007.

Dong on balance 01 February 2008

Denmark's DONG Energy is emerging as one of the biggest offshore wind developers in Northern Europe, and in addition to its domestic market is targeting the UK. But according to CFO Carsten Krogsgaard, corporate debt is the way forward for project funding. By Michael Marray

Environmental change 01 February 2008

The first post-credit crunch indicators of the new cost of GCC project debt and the shape of deal structures are expected in the coming weeks. But it is not higher cost of debt that is going to hold back the burgeoning GCC project pipeline. By Michael Marray

Power 01 February 2008

BNP prices Panoche placement

RES Hackberry: Long and light 01 February 2008

RES Americas has closed the $342 million financing for its Hackberry wind project. The 21-year combination of fixed and floating rate date bonds completed syndication on 31 December. It is one of the longest-dated and least expensive financings for a renewable energy project, and certainly the longe...

Steam teams 01 February 2008

Geothermal projects, long a niche within a niche, are starting to attract serious sponsor and lender attention. But while tax equity investors have embraced the sector, finding early-stage financing is still a struggle for developers. By Tom Nelthorpe