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June 2008
The US Supreme Court has asked the Federal Energy Regulatory Commission and federal courts to review power contracts
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Industry Funds Management has completed the second and last phase of its acquisition of Consolidated Edison's unregulated generation portfolio
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AIG Highstar has sold its 50% stake in InterGen to GMR of India for $1.1 billion.
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Zhongda Sanchuan has applied to the International Finance Corporation for a $21.7 million loan
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Brazilian coal miner and power developer MPX has mandated Santander to be lead arranger for its Castilla power project in Chile.
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SNANA Corporation has closed a $160 million private placement to support environmental upgrades to its generating fleet.
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A joint venture of Morgan Stanley Infrastructure and Ontario Teachers' Pension Plan is to buy the SAESA Group
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Three groups have submitted bids for the Salalah independent water and power plant in Oman.
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The Sabanci Holding-Verbund joint venture has obtained Eu865 million debt for the financing of its 1.9GW Enerjisa portfolio of 10 hydroelectric and one gas-fired thermal power plants in southwest Turkey.
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AEI has bought the Tipitapa power project in Nicaragua from El Paso Corporation.
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ING, Mitsubishi UFJ and United Overseas Bank have joined lead arrangers BNP Paribas, Calyon, DBS, Fortis, OCBC and SMBC on the S$2.25 billion ($1.65 billion) 18 month loan
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Two consortia have submitted technical bids for the Ad Dur IWPP BOO concession in Bahrain.
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Babcock & Brown has completed multiple refinancings of its recently-acquired Alinta assets.
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The US Bankruptcy Court for the District of Delaware has approved the sale of the Channelview cogeneration project to a joint venture of Global Infrastructure Partners and Fortistar.
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Lead arrangers Bank of Tokyo-Mitsubishi, Calyon, ING, SG, Maybank, Unicredit, KfW and Standard Chartered are out to market with a $750 million refinancing for First Gen's Santa Rita and San Lorenzo plants in the Philippines.
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The EBRD is providing $400 million in A and B loans to Kazakhstan Electricity Grid Operating Company (KEGOC) for the modernisation of the state-owned utility's transmission infrastructure.
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The Eu250 million Heron CCGT project in Greece should reach financial close in July, having been delayed from the spring following the introduction of an offtake counterparty to the deal.
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Dexia and KBC have closed a Eu90 million financing for a biosteam plant in Belgium, sponsored by Electrawinds.
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Retail syndication on the $1.015 billion financing for Kleen Energy Systems' 620MW Middletown baseload project has closed
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Allegheny Energy has mandated BNP Paribas and Citigroup to arrange $820 million of debt for its 180-mile section of the Trans-Allegheny Interstate Line.
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Royal Bank of Scotland is out to market for sub-underwriters on the $550 million acquisition facility backing Hastings Funds Management and IIF BH Investment's $840 million buy-out
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Tickets of around $100 million are on offer for senior managing agent roles in the Royal Bank of Scotland-led financing for International Power America's $856.4 million purchase of four plants from Tenaska Power Fund/Warburg Pincus
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Babcock & Brown Infrastructure has secured underwriting commitments from seven banks for the refinancing of its A$518 million ($496.5 million) Australian Energy Transmission & Distribution acquisition facility, which matures in August.
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Indonesia's PLN has signed the 13 year $592 million dollar denominated export credit facility for its 3x330MW Indramayu plant
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Suez Energy North America has bought a 30.45% equity interest in the Astoria Energy power plant
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Industry Funds Management has completed the first stage of its $1.477 billion acquisition of Consolidated Edison's gas-fired unregulated generation portfolio. The financing, led by Barclays Capital, and featuring Union Bank of California and HSH-Nordbank as lead arrangers, is the most ambitious use ...
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Power
01 June 2008
International Power's Tenaska debt launches
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The $3.9 billion Ras Laffan C IWPP project in Qatar, which was about to sign as Project Finance went to press, sets a new pricing benchmark for power projects in the GCC. In these uncertain times, it also helps restore some market confidence when there are several large independent water and power (...