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AES approaches IFC on Dominican Power Partners

AES has approached the International Finance Corporation for $100 million in debt financing for the conversion of its Dominican Power Partners (DPP) gas-fired power plant in Santo Domingo, Dominican Republic

GE consortium wins EPC for Trafford gas plant

Developer Carlton Power has picked a GE-led consortium as its engineering contractor (EPC) for the £1 billion ($1.6 billion), 1,800MW Trafford combined-cycle gas-fired power project near Manchester

New Asia energy head at SG

Societe Generale has appointed Daniel Mallo as managing director for Natural Resources & Energy in its Hong Kong office

UEMOA taps UAE funding for 16 new projects

The West African Economic & Monetary Union (UEMOA), an economic community of eight African countries, yesterday (9 September 2014) signed memorandums of understanding for 16 new infrastructure projects backed by funding from the UAE

Green light for Danish-Dutch power interconnector

The proposed €600 million ($774.8m), 700MW Cobra subsea power link joining the electricity grids of the Netherlands and Denmark is to go ahead after its sponsors gave their final approval to the project

ING managing director retires

Steve Fischer – former managing director at ING – retired on 31 August 2014, after serving the bank for about 20 years

OPWP postpones Salalah 2 award

Oman Power and Water Procurement Company (OPWP) has postponed the announcement of the winning bidder for the Salalah 2 independent power project by almost a month, with three bidders remaining in contention

Lao government signs with JBIC on Nam Ngiep equity

The Government of Lao has signed a $103.5 million loan with the Japan Bank for International Cooperation (JBIC) and undisclosed financial institutions for its equity portion in the Nam Ngiep 1 Hydro power project

Fenix Power bond now due next month

Fenix Power Perú, owned by AEI Energy, is expected to issue bonds next month (October 2014) for the long-term financing of the 530MW combined-cycle power project in Peru, IJGlobal has learnt

Africa Energy gets approval for Sese coal-fired

Australian-listed developer Africa Energy has had its environmental impact assessment for a coal mine and associated 300MW power plant at Sese approved by the government of Botswana

Toshiba consortium wins Malaysian coal EPC contract

A Toshiba, IHI Corporation, Hyundai Engineering and Hyundai Engineering and Construction consortium has won an engineering, procurement and construction contract (EPC) for a 2,000MW ultra-super-critical coal-fired power generation project Negeri Sembilan, Malaysia (Project

Finland's Olkiluoto nuclear project delayed again

Finland's landmark €3.2 billion ($4.1 billion) 1,600MW Olkiluoto 3 nuclear reactor will not come online until at least 2018, the latest in a series of delays for the project

AES sells down stake in Dominican assets

AES Corporation has sold an 8% stake in its Dominican Republic power and liquefied natural gas assets to two local conglomerates

Debt commitments emerge for Mirfa IWPP

GDF Suez has scheduled to sign the financing documents and reach financial close on the Mirfa independent water and power project in Abu Dhabi later this month, and IJGlobal can exclusively reveal the debt commitments from each lender

Financing for latest UK OFTO round gathers pace

The UK’s energy regulator Ofgem is chasing debt from the European Investment bank (EIB) to finance the €545 million (US897.3m) construction of two offshore wind transmission links

Sentinel power to be repriced before year-end

Sponsors of the 850MW Sentinel gas-fired power project in California have begun speaking to lenders about repricing the project’s debt before year-end, IJGlobal has learnt