August 2008

Gas Natural Union Fenosa debt launch 29 August 2008

Gas Natural is to launch senior syndication of its Eu19 billion ($27.8 billion) Union Fenosa acquisition debt next week

Borasco announces new power plant 29 August 2008

Borasco Elektrik - a partnership comprising OMV (60%), Lehman Brothers (25%) and MET Group (15%) - has announced plans to develop a Eu500 million 890MW gas-fired power station in Turkey's Black Sea region of Samsum

GDF Suez and GIC win Al Dur IWPP 28 August 2008

GDF SUEZ and Gulf Investment Corporation (GIC) have signed the project agreements for the Al Dur IWPP in Bahrain

Trans-Elect's Intertie sparks interest 28 August 2008

Transmission developer Trans-Elect has received two expressions of interest to an open season on its Wyoming-Colorado Intertie

BBP sells Tamar and launches 28 August 2008

Babcock & Brown Power has sold its Tamar power project at a loss, as its corporate refinancing launches into syndication.

Gener's Angamos launches 26 August 2008

ABN Amro and BNP Paribas have launched the $1.06 billion financing for AES Gener's Angamos financing to market.

Temasek's Senoko lures staple banks 26 August 2008

Temasek Holdings' sale of the Senoko Power portfolio has attracted two stapled financing packages

GMR-Intergen bank syndicate forming 21 August 2008

Five banks are supporting GMR's $1.1 billion corporate facility for the 50% purchase of Intergen.

Trans-Allegheny closes 21 August 2008

Allegheny Energy has closed the $550 million financing for its share of the Trans-Allegheny Interstate Line (TrAIL) power transmission project.

Astoria Energy II looks to mandate 21 August 2008

Astoria Energy is in the market with an $800 miilion-plus bond or debt arranging mandate for its second 500MW plant (Astoria Energy II) at Bowery Bay/Steinway industrial complex in New York

Plutonic lines up bid package 15 August 2008

Plutonic Power Corporation and GE Energy Financial Services are planning to bid jointly to develop a 1,000MW hydroelectric plant in the Toba and Bute inlets in British Columbia.

PLN seeks debt for coal-fired plant 15 August 2008

The Indonesian state utility Perusahaan Umum Listrik Negara (PLN) is seeking $120 million in debt financing .

Thai Gheco-One IPP due to close 14 August 2008

The Gheco-One independent power project in Bangkok is due to reach financial close imminently.

Enecogen IPP financing moves forward 14 August 2008

Sponsors of the 845MW Enecogen CCGT in the Netherlands, Eneco and International Power, are finalising the EPC contract with Siemens before naming lead arrangers by mid-September.

Rijnmond 2 IPP rejigged for relaunch 12 August 2008

HSBC will launch a restructured Eu400 million ($595 million) refinancing of Rijnmond 2 IPP in the Netherlands to the bank market before September

PP10 financial close 12 August 2008

Financing for Saudi Electricity Company's (SEC) SR11.5 billion ($3.1 billion) PP10 power plant near Riyadh has reached financial close.

Pemex to tender first IPP 12 August 2008

Pemex is set to launch the tender for its first IPP concession (Nuevo Pemex) on 26 August - a 300MW cogen plant that will power a refinery

Powertek asks for Bibiyana IPP guarantee 11 August 2008

The future of the 450MW Bibiyana IPP in Bangladesh is in doubt after a request by the Powertek consortium that the government provides a $15 million guarantee to cover EPC costs if the project is pulled before financial close.

Braemar 2 club closed 06 August 2008

The A$365 million ($333 million) debt backing the NewGen Braemar 2 power project in Australia closed at the end of July on a club basis

Ras Laffan C IWPP signs 06 August 2008

The Qatari IWPP project Ras Laffan C has reached financial close.

Paiton 3 moves forward 06 August 2008

PT Paiton Energy - jointly owned by Mitsui (36%), IPM Eagle LLP (45%, a partnership consisting of International Power plc and Mitsui), Tokyo Electric Power Company (14%) and PT BHP (5%) - has signed a

PJM to launch control centre financing 05 August 2008

The independent operator of the PJM power system plans to borrow up to $115 million

Serra do Facão hydro bond scrapped 04 August 2008

The sponsors of the Serra do Facão hydroelectric power project in Brazil have abandoned plans for a R140 million ($90 million) project bond issue.

AEI's Jaguar nears market 04 August 2008

The Inter-American Development Bank, BNP Paribas, Mizuho Corporate Bank and Scotia Capital are close to finalising roughly $445 million in debt financing

Allegheny line gains West Virginia approval 04 August 2008

Public Service Commission of West Virginia has approved Allegheny Energy's plans

Exeltium back on 01 August 2008

The European Commission has given its approval to the Exeltium nuclear power financing