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Ex-WestLB banker joins Crédit Agricole

Michael Boarts, former banker at WestLB, has recently joined Crédit Agricole as vice president in loan syndications

E.ON monetises BKW stake with exchangeable bond

German utility E.ON has closed a €113 million ($143 million) exchangeable bond issue that allows it to monetise its stake in Swiss utility BKW at a premium to BKW's current share price

DEWA now delays clean coal plant

Dubai Electricity and Water Authority (DEWA) has delayed the deadline for bids for its 1,200MW Hassyan clean coal project by two months, following a similar delay to its 100MW solar photovoltaic tender announced last week

Pakistan extends Gadani power deadline again

Pakistan’s Private Power and Infrastructure Board (PPIB) has extended the bid deadline for expressions of interest in the planned 6,600MW Power Park project at Gadani in Balochistan for the second time. Bids are now due 31 October 2014

Tenaska increases term loan for TPF II Power

Tenaska has increased a recently launched term loan B facility supporting subsidiaries TPF II Power and TPF II Covert Midco to $1.6 billion from $1.5 billion

SoCalEd launches storage demonstration project

Southern California Edison (SoCalEd) has launched its 32MW demonstration Tehachapi Energy storage project in California. SoCalEd is using the demonstration project to learn how energy storage interacts with the grid, preparing for an eventual integration of energy storage into their system.

IFC considers funding for Upper Karnali hydro

The International Finance Corporation (IFC) will likely provide partial funding for the $1.2 billion Upper Karnali hydropower project in Nepal, a source close to the deal has told IJGlobal

China Exim signs loan for Jerada coal-fired

ONEE, the national power and water utility of Morocco, has signed a $300 million loan with the China Exim Bank for its new 318MW coal-fired power plant in Morocco

Malaysian consortium signs MOU for Bangladesh coal-fired

Malaysian companies Tenga Nasional and Powertek Berhad have signed a memorandum of understanding (MoU) with the Bangladesh Power Development Board (BPDB) for the development of a proposed 1320MW coal fired power project at Maheshkali, Bangladesh

Rosatom signs Jordan nuclear deal

After almost a year of negotiations, the government of Jordan has signed a project development agreement with Russian developer Rosatom for the development of a 2,000MW nuclear power plant in the country

Hinkley Point C poised to receive state aid approvals

The UK’s government’s subsidy package for EDF’s £16 billion ($26.2 billion), 3,200MW Hinkley Point C nuclear power project is understood to have received approval from the European Union's (EU) competition commissioner

GMR signs Upper Karnali hydro project agreement

GMR Group has finalized the project development agreement for the 900MW Upper Karnali hydropower project with the Government of Nepal

GMR signs PPA with Zesco for Sinazongwe coal-fired

Zambian state utility Zesco has signed a power purchase agreement with GMR subsidiary EMCO Energy for the 300MW Sinazongwe coal-fired power plant

TerraForm hires ex-Goldman Sachs banker

TerraForm Power has hired Alejandro Hernandez – former managing director at Goldman Sachs – as the CFO and executive vice president

Abengoa wins Kuwait transmission contract

Kuwait Ministry of Electricity and Water has selected Abengoa to undertake the construction of new transmission lines into Kuwait City

Sponsor abandons Turkish coal plant takeover

The winning bidder in the privatisation of the 300MW Çatalağzı coal-fired power plant in Turkey has pulled out, leaving the second highest bidder to take over the acquisition of the plant

Sumsel 9&10 RFP deadline extended again

PLN is planning to extend the deadline for request for proposals for the 1,200MW Sumsel 9 and 600MW Sumsel 10 mine-mouth coal-fired power projects again

Partners Group focuses on Turkish energy

Swiss-based asset manager Partners Group is to focus on the emerging Turkish energy sector as other investors hunt for highly regulated, long-established energy assets elsewhere in Europe