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July 2008
As expected GDF Suez has won the contract and signed a 20-year power and water purchase agreement for the Shuweihat 2 IWPP in Abu Dhabi.
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Tata Power and Essar Power have both announced separate plans for power projects in Bhutan.
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A consortium of Suez Energy International and Gulf Investment Corporation, with Hyundai Heavy Industries and Degremont as the EPCs, is the favourite for the Ad Dur IWPP concession in Bahrain
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US nuclear fuel producer USEC has applied for a loan guarantee from the Department of Energy
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LS Power and Global Infrastructure Partners have made a C$7.8 billion takeover offer for Canadian power producer TransAlta.
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ContourGlobal has received approval for a $209 million financing from the Overseas Private Investment Corporation (Opic) for a power plant in Togo.
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Mandated lead arrangers BNP Paribas and Citigroup have launched a $550 million seven-year term loan for Trans-Allegheny Interstate Line.
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Punjab State Electricity Board (PSEB) has awarded Sterlite Energy a letter of intent for the 1,980MW Talwandi Sabo power project
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The International Finance Corporation has selected MWH as technical adviser on the proposed 750MW Kafue Gorge Lower hydroelectric power plant.
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Lead arrangers and bookrunners Banque Saudi Fransi and Samba are out to the domestic bank market with a locally denominated 4.5 year
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Global Infrastructure Partners and Fortistar have completed the acquisition of the Channelview cogeneration project.
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Essar Power has mandated ICICI and SBI Capital to arrange Rs36.8 billion ($859 million) of 14-year debt for its Rs50 billion 12000MW coal-fired power project in Gujarat, India
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Temasek Holdings' subsidiary Singapore Power is to sign the guarantee for a A$2.8 billion ($2.68 billion) facility next week to refinance the bridge loan raised to pay for its acquisition of Alinta's assets last year in conjunction with Babcock & Brown
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Citigroup has disbanded its New York energy and infrastructure group
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Following the sale of the 2,670 MW Tuas Power portfolio to Huaneng Group for S$4.2 billion ($3.1 billion) in March, Singapore's Temasek Holdings has also launched the sale of the 3,300MW Senoko Power portfolio
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Tractebel Energia has signed an agreement to buy two small hydro projects in Brazil.
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MMC Energy has closed a $25.5 million vendor finance loan with GE Energy Financial Services for its Escondido and Chula Vista expansion projects.
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The three consortia bidding for WEC's $5.5 billion Ras al-Zour IWPP concession in Saudi Arabia have secured bank backing
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The state of Maranhão in Brazil has halted construction on the Estreito hydroelectric plant
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The refinancing and expansion facility for Philippines-based generator First Gen has been launched - albeit at $750 million it is a lower volume than anticipated
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Aneel, Brazil's national electricity agency, has awarded 19 transmission lines and 20 substations
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The US Department of Energy has issued three solicitations for applications from energy projects for loan guarantees.
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Starwood Energy Group Global has closed the acquisition of the Thermo Ft. Lupton power project from JPMorgan
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Credit Suisse is pricing a $250 million unsecured bond issue for AEI, formerly Ashmore Energy.
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The record pipeline of Saudi project debt will be challenging for local and international lenders. With the dollar/riyal peg complicating an already difficult funding and construction market, diversification will be crucial to deals closing. By Paul Smith.
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A political crisis threatens to plunge Turkey into chaos and derail big ambitions to develop the country's electricity sector. By Marcus Bensasson
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The Greek project market – particularly power and PPP – is in a new phase of development. Now Greece's Eu4 billion social infrastructure PPP programme is generating bidder interest. But will the returns on small volume deals match expectation? By Sean Keating.
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Brookfield Renewable Power has closed a $120 million acquisition financing for its purchase of the Itiquira hydroelectric plant in Brazil.
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The Eu1 billion ($1.6 billion) financing for Enerjisa's 1.9GW hydro portfolio – lead arranged and signed last month by Akbank, IFC and WestLB – is the largest debt facility to date for a greenfield power project in Turkey.
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Babcock & Brown pays for its freedom
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Power
01 July 2008
Huaneng facility closed
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Financing for the Eu113 million 88.8MW Rabai independent power project (IPP) in Kenya is expected to close by end of July - the first power project financing in the country since Kipevu 2 in 2000
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Carlyle/Riverstone closed the debt financing for its $1.2 billion Topaz Power portfolio repowering project on 14 May. The project is an extremely nimble response to the shifting fundamentals of the Texas power market. Its financing was a little less lucky, and was tweaked in the face of demands from...