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APG buys into Elecnor transmission

Dutch pension fund APG has agreed to pay €237 million ($322 million) to buy a 49% stake in Elecnor's Latin American transmission assets

BPI declares force majeure on Central Java power project

Bhimasena Power Indonesia (BPI) has declared force majeure on the construction of its Central Java Power Plant (CJPP), sending notice to the EPC contractors and to Indonesia’s state owned electricity company PLN

White Rose CCS wins €300 million EC grant

The 426MW, £2 billion ($3.4billion) White Rose Carbon Capture and Storage (CCS) Project in the UK has been awarded a €300 million grant from the European Commission

LS Power closes on Calpine power plants acquisition

LS Power has closed a deal to buy six combined-cycle power plants from Calpine for $1.57 billion. LS Power has also closed $1.3 billion in debt financings that support the acquisition of three of those plants

1MDB appoints IPO advisers

1Malaysia Development has appointed a list of advisers ahead of its planned $3 billion initial public offering of its energy assets

Sale of Macquarie Generation assets approved

The Australian Competition Tribunal has overturned the decision by the Australian Competition and Consumer Commission to block the proposed sale of the Macquarie Generation assets to AGL

KOSPO and Samsung near close on Chile’s Kelar

Korea Southern Power Corporation (KOSPO) and Samsung are nearing close on the approximately $300 million debt-financing for the 517MW combined cycle Kelar power project in Chile

Aboitiz plans bond issue for IPP slate

Aboitiz’s board of directors has approved the issuance of up to Ps10 billion in fixed-rate bonds, which will be used to partly fund several of its ongoing projects

ArcLight increases Bayonne power term loan B

ArcLight Capital Partners has increased a term loan B backing the Bayonne gas-fired power plant in New Jersey to $525 million from a proposed $500 million, following robust investor interest

Financial close imminent for three LS Power CCGT plants

LS Power is nearing close on more than $1.3 billion in financings supporting three combined-cycle plants, IJGlobal has learnt. LS, a leading player in US power, agreed earlier this year to buy the gas-fired generators from Calpine

RFQs in for Indonesia’s IPP tender

Indonesia’s state-owned utility PLN has received applications for prequalification for its latest tender for five independent power producer projects, and is expected to shortlist consortiums next month

Bidders negotiating with PLN on Sumsel 9&10

The shortlisted bidders on the 1,200MW Sumsel 9 and 600MW Sumsel 10 mine-mouth coal-fired power projects are pushing for a revision of some of the terms with PLN ahead of the request for proposals deadline

AES considers legal challenge against Maritza PPA changes

The Bulgarian government has introduced changes to the power purchase agreement (PPA) for the 690MW Maritza coal-fired plant that would require a restructuring of the project’s debt

AfDB backs Mauritius oil-fired power expansion

The African Development Bank (AfDB) has approved a loan of $116.7 million to the Mauritius Central Electricity Board (CEB) for the redevelopment of the Saint Louis heavy fuel oil (HFO) power plant

Pakistan’s circular debt hits Saif Power

Pakistan independent power producer (IPP) Saif Power is owed roughly $48 million in agreed tarriffs as of 31 May 2014 due to the country’s continuing circular debt issue, Saif Power’s chief operating officer Sahail Hydari has told IJGlobal

AES offloads stake in Philippine subsdiary to EGCO

AES has agreed to sell 45% of its interest in its subsidiary Masin-AES to Electricity Generating Public Company (EGCO Group), a Thai based independent power producer (IPP), for $453 million

First draw imminent on Mozambique’s Gigawatt gas-fired

The sponsors of the 100MW Gigawatt gas-fired plant in Mozambique expect to make first drawdown on the project’s construction financing tomorrow (27 June 2014) after reaching financial close earlier this week