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Winners announced for UK power capacity auction

The first round of the UK’s first ever power capacity auction has closed, handing out 49.3GW of supply agreements at a cost of £19.40 (£30.40) per kilowatt

NSW to launch power network sales

The Australian state of New South Wales will sell stakes in three electricity transmission and distribution businesses after reviewing a scoping study of a potential sale

InfraVia to buy Finnish electricity network

Fund manager InfraVia is set to buy Finnish industrial electricity grid Kilpilahden Sähkönsiirto (KS) for €80 million ($98.2 million) through its second European infrastructure fund, InfraVia II

Further extension to DEWA coal-fired deadline

Dubai Electricity and Water Authority (DEWA) has again extended the deadline for bid submissions for its 1,200MW Hassyan clean coal project, following a similar delay in September

IFC leads $380m Pacific Midstream investment

The International Finance Corporation (IFC) and a consortium of investors, including the IFC Global Infrastructure Fund, have agreed to invest a total $380 million in Colombian pipeline and power transmission company Pacific Midstream

La Caisse to buy stake in Ipalco from AES

La Caisse de dépôt et placement du Québec has agreed to buy 15% of AES US Investments, a subsidiary of AES, for about $244 million

Thermal and solar triumph in Chile power tender

Thermal and solar power projects were among the most successful bidders in a recent auction held by Chile's National Energy Commission (CNE) last week

UK to award carbon storage funding

The Department for Energy and Climate Change is to allocate £2.5 million of funding for the development of CO2 storage exploration in the North Sea

Delays to Homer City upgrade hit refinancing

GE Capital’s potential refinancing of its 1,884MW Homer City coal-fired plant will wait on the delayed completion of major pollution control upgrades at the plant

SCANA sells non-core assets

South Carolina-based energy company SCANA has agreed to sell two subsidiaries – the Carolina Gas Transmission Corporation and SCANA Communications

Mitsui acquires stake in MAXpower unit

Mitsui has acquired a 44% stake in MAXpower subsidiary Myanmar Power (MPPL) for an undisclosed amount

Rockland launches syndication for power assets

Rockland Capital has launched syndication on a $177.5 million recapitalisation debt for a portfolio of three US power assets, IJGlobal has learnt

Sentinel repricing to close this week

Sponsors of the 850MW Sentinel gas-fired project in California are planning to close repricing on the project debt this week, IJGlobal has learnt

Ghana approves two new gas-fired plants

The government of Ghana has approved the development of two new gas-fired power plants located at Aboadze in the Western Region with a combined generating capacity of roughly 500MW

Abengoa wins Argentinian transmission EPC contract

Abengoa has been hired by Gerdau (Sipar Aceros) for the construction of a new power transmission project in central Argentina which will supply electricity to a new steel plant

Ofgem approves costs for Caithness subsea link

UK national energy regulator Ofgem has today (16 December 2014) approved a cost of £1.1 billion ($1.7 million) for the 1.2GW Caithness-Moray subsea link in Scotland

UK launches first power capacity auction

The UK's first power capacity auctions begin today (16 December 2014), with the government looking to procure an additional 48.6GW to be connected to the grid by the final quarter of 2018/first quarter of 2019

ADB to finance Bhutan's Nikachhu hydro

The Asian Development Bank (ADB) will provide $120.5 million in a mix of loans and grants to build the $198 million Nikachhu run-of-the-river hydropower plant in central Bhutan on a PPP basis