Latest Power News

Top Story

Kuwait to issue RFP for Abdaliyah ISCC in October

State procurement agency Partnerships Technical Bureau (PTB) is planning to release a request for proposals to prequalified bidders for the 280MW Abdaliyah integrated solar combined cycle (ISCC) project in October 2014

Kansai signs debt for Nam Ngiep hydro PPP

The 290MW Nam Ngiep 1 Hydropower PPP project in Laos has signed loan agreements with the Japan Bank for International Cooperation (JBIC), the Asian Development Bank and Thai and international banks for $643 million in financing

Expansion planned for Senegal’s Cap des Biches power

International developer ContourGlobal has signed an agreement with the government of Senegal to rehabilitate and expand the Cap des Biches power plant complex

San Gabriel nears financial close

First Gen Corporation’s 414MW San Gabriel power project is due to close in the next couple of weeks and will be financed solely with debt from KfW

Frontrunners for South Africa’s baseload plants emerge

South Africa’s Department of Energy (DoE) is expected to release the request for proposal (RFP) documents for its baseload coal-fired power plant programme at the end of September 2014, with three groups emerging as front runners

Rosatom signs Nuclear power deal with Jordan

The government of Jordan has said it is close to signing an agreement with Russian state-owned developer Rosatom to build a new $10 billion nuclear power plant in the country

RFP imminent for Saudi Arabia’s Fadhili CHP

Saudi Aramco and Saudi Electric Company (SEC) are expected to release the request for proposal (RFP) documents to prequalified bidders for the Fadhili combined heat and power (CHP) project in Saudi Arabia later in the next week

First Gen mulls KfW debt for Santa Maria power

First Gen is considering a credit facility with KfW Ipex to finance its planned $500 million, 414MW second unit at its San Gabriel natural gas power plant in Batangas City, Philippines

ECAs circle Mongolia’s CHP5 power plant

The Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), Kexim and the European Bank for Reconstruction and Development (EBRD) are understood to be considering financing the majority of the $1.2 billion CHP5 power plant, Mongolia’s debut independent power project

Isagén sale delayed by a year

The long-delayed sale of the Colombian government’s majority stake (57.61%) in the country’s third largest power generator Isagén has been postponed again, this time by a year

ADB puts pressure on Nepal over Tanahu hydro project

The Asian Development Bank (ADB) has called upon the Government of Nepal to sign a subsidiary loan agreement with the Nepal Electricity Authority (NEA) so that the 140MW Tanahu Hydro Power project can move forward over a year after financing was first arranged

Oman attracts 11 bidders for 2,600MW IPPs

Oman Power and Water Procurement Company (OPWP) is preparing a request for proposals document for the project to develop two new gas-fired independent power plants with a combined capacity of 2,600MW, having received interest from 11 developers

Panda to launch financing for Stonewall

Panda Power Funds is planning to launch financing for the 750MW Stonewall combined-cycle project in Virginia before year-end, IJGlobal has learnt

Astoria II closes repricing

The sponsors of the Astoria Energy II gas-fired generator in New York City have closed a repricing of the plant’s long-term debt

US summit commits $19 billion to Power Africa

US President Barack Obama announced commitments of $12 billion in private sector investment and $7 billion in US government loans for the Power Africa initiative, at an Africa focused summit in Washington D.C. this week