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April 2012
Abu Dhabi Water and Electricity Authority (ADWEA) is expected to appoint advisers for its resurrected Mirfa IWPP in the coming months.
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Enerjisa has confirmed offers of debt from 11 banks for its 450MW lignite-fired Tufanbeyli (Enerjisa 2.5) power project in south-east Turkey.
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NCC and Gayatri have launched a Rs52.8 billion ($1 billion) debt financing for a 1,320MW coal-fired power plant
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EIG Global Energy Partners has filed a lawsuit against the project company for the Greenfield South power project,
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Bicent Power has filed for Chapter 11 bankruptcy in the US bankruptcy court in Delaware
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Cascade Hydro (50% owned by Rurelec) is acquiring the 255MW Santa Rita run-of-river hydro development project in Peru for $10 million, plus up to $5 million if performance targets are met
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GDF Suez has commitments from 15 banks for a Eu6 billion ($7.9 billion) loan to back its £6.8 billion ($10.9 billion) acquisition of the remaining 30% of International Power in a club deal that it is self-arranging.
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The four member-owned electrical cooperatives developing the Plant Washington coal-fired power project have agreed to sell a 40% stake in the plant to the Taylor Energy Fund
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Gulbarga Power Private Limited has raised a Eu12 million ($15.8 million) 13-year loan from Proparco for an energy efficiency project in the Indian cement sector.
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The February settlement of a lawsuit from the Osage Nation failed to give Wind Capital Group enough time to revive the financing
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The Dubai Electricity and Water Authority has postponed plans to develop the Hassyan power project,
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The Asian-Pacific region’s power markets are distinguished by different contractual and financial frameworks. But increased competition between financing sources characterises all of them. By Gilles Pascual, Simon Gaudin, and Marat Zapparov, HSBC
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Indonesia may soon rival top-tier emerging markets countries as an economic powerhouse. But delivering energy and infrastructure projects in the country involves delicate risk allocation decisions. By Antony Collins
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The Indian government will have to work hard to mobilise the capital needed for transformative infrastructure investments. New debt products are important, but a supportive framework still needs to emerge. By Rajat Misra, SBI Capital.
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An-EDF led consortium emerged as the clear winner in the first round of French offshore tenders, after winning three out of the four projects on offer.
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AES has completed the sales of the Red Oak and Ironwood power projects, bringing in $320 million in equity proceeds.
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Terra-Gen Power has closed $650 million in debt financing for the 300MW Alta VII and IX wind projects.
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Canadian Solar and SkyPower have formed a joint venture to develop solar projects.
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US Ex-Im has approved an $80 million loan to Reliance Power's 100MW concentrating solar project in Jaisalmer district, Rajasthan, India.
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EnBW Energie Baden-Wuerttemberg, the sponsor of the 288MW Baltic 2 offshore wind farm project, is likely to approach the wider bank market
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The Maryland Public Service Commission has ordered the state's three large investor-owned utilities to sign a long-term power purchase agreement with Competitive Power Ventures
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EIF is keeping the debt service coverage for the Windsor Financing power portfolio close to 1x
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Do the SATORP and Dolphin deals mean that the Gulf project bond market is established? Sponsors will need to stay committed to the products, and banks will need to stay in the shadows. Anthony Lane reports from the 2012 Middle East Project Finance Forum in Dubai.
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The board of directors of International Power has agreed an offer from GDF suez to buy the remaining 30% of IP it does not own
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Financial close on the bond and bank debt refinancing of the $2.2 billion Shuweihat 2 independent water and power project (IWPP) is now likely to be pushed to the third quarter of this year, despite attempts by arrangers for a second quarter close.
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The Eu1.29 billion ($1.69 billion) 288MW Butendiek offshore wind project in Germany is unlikely to close until late June.
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The Public Service Commission of Wisconsin has approved Wisconsin Power and Light's proposed purchase of the Riverside power project
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Saudi Electricity Company has completed allocations for a $1.75 billion sukuk issue, which will support its capital expenditure programme.
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MidAmerican Energy closed an uncovered bond financing for its Topaz solar project, after failing to meet the DoE’s deadline for financial close. Will sponsors without its deep pockets be able to follow its example?
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Invenergy has closed debt financing for the 20MW Grand Ridge solar project in Illinois.
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J-Power's Thai independent power venture, Gulf JP, has mandated six lenders on its $1 billion 1,600MW U-Thai combined-cycle gas turbine
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Lenders to the Bicent Power portfolio are now deciding whether to call for an acceleration of its debt
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IFM has renamed the holding company for its portfolio of power generation assets in the north-eastern US and put in place new hedges
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Kyocera, IHI and Mizuho Corporate Bank have signed an agreement covering the development and construction of a 70MW solar photovoltaic plant
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Terra-Gen Power has agreed to sell the 150MW Alta phase VI wind plant to EverPower Wind.
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Arcapita, the Bahrain-based Islamic-compliant investment manager, has filed for chapter 11 bankruptcy protection in New York.
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Tenaska Solar Ventures has closed about $500 million in debt financing for the 130MW Imperial solar energy center south project.
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The IADB is preparing up to $200 million in debt financing for AES Gener’s 531MW Alto Maipo hydro project.
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Dubal and Mubadala plan to issue preliminary information memorandum to potential commercial lenders for the second phase of the Emirates Aluminium complex at the end of May.
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Dubal and Mubadala are once again considering a bond refinancing for the Emirates Aluminium 1 (Emal 1) smelter project.
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GDF Suez has made an offer to take full control of International Power at a price of £3.90 ($6.20) per share.
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Delays to the permitting process for First Solar's ABW photovoltaic portfolio have pushed back close on its proposed US Ex-Im-backed bond financing
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Enel Green Power has sold a 51% stake in its 235MW Chisholm View wind project to GE Energy Financial Services.
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Vietnam's Ministry of Industry and Trade has appointed Marubeni/Kepco, with SMBC as financial adviser, as sole qualifying bidder for the 1200MW coal-fired Nghi Son 2 IPP project.
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First Reserve has closed $243 million in senior secured debt for its purchase of a 1,068MW thermal power plant portfolio from ArcLight Capital
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Malakoff’s RM6.7 billion financing for the Tanjung Bin coal-fired plant was a rare chance for foreign lenders to participate in a Malaysian project deal. Wider use of competitive bidding may make their involvement more common.
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Globeleq Generation and Industrial Promotion Services (West Africa) are looking to raise financing for a $412 million power plant expansion to the 290MW Azito plant in Cote d'Ivoire
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The development of the Vietnamese independent power sector has not kept up with the country’s rate of economic growth. Did AES manage to open up the market with Mong Duong 2? By Stephen White