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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

UK government wins appeal over Drax subsidy ruling

Drax’s second unit conversion at its coal-fired power plant in the UK will not be awarded a Contract for Difference (CfD) after the government won an appeal against a High Court ruling

South Texas Electric Cooperative issues RFP

South Texas Electric Cooperative (STEC) has issued two requests for proposals (RFP) for up to 500MW of firm, dispatchable capacity and another for 150MW of wind or solar energy

First Gen considers financing Avion plant on balance sheet

Philippine company First Gen is veering towards financing the planned $150 million 97MW open cycle natural gas-fired power plant in Batangas, Philippines from its own balance sheet, IJGlobal has learnt

AFC buys into Singrobo hydro in Cote d’Ivoire

The Africa Finance Corporation has agreed to take equity in the 44MW Singrobo hydropower project in Cote d’Ivoire, although the total value of its final investment is not yet clear

China buys stake in Italy's energy grid for €2.1 billion

China’s State Grid Corporation is to acquire a 35% stake in the Italian energy grid holding company owned by Cassa depositi e prestiti Spa (CDP) for more than €2.1 billion ($2.8 billion).

Lenders assemble for Rwandan peat power

The African Finance Corporation has attracted provisional commitments from two other development finance institutions for the financing of the $220 million 80MW Rwandan peat power project in the Akanyaru Valley, Rwanda