Latest Power News

Top Story

EIF nears launch for Pio Pico project bond

Energy Investors Funds (EIF) is planning to launch roughly $400 million in bonds next week for the Pio Pico gas-fired peaking power project in California

Egypt prepares Dabaa nuclear tender

Egypt’s Ministry of Electricity intends to launch an international tender for the construction of two nuclear power stations in the Matruh governorate before the end of 2014

ADB approves Uzbekistan power plant loan

The Asian Development Bank (ADB) has approved a $300 million loan to upgrade Uzbekistan’s Takhiatash thermal power plant

West of Duddon Sands OFTO could use EIB project bond

Blue Transmission's £296 million ($506 million) acquisition of the 389MW West of Duddon Sands wind farm offshore transmission assets could reach financial close by the end of the calendar year

Petrobras negotiates sale of Gasmig stake to Cemig

Brazil power distributor Cemig is in negotiations with state-owned oil and gas company Petrobras for the acquisition of a 40% equity interest in Cemig’s subsidiary Gasmig currently owned by Gaspetro

NRG and JX Nippon to build CCS project in Texas

NRG has formed a joint venture with JX Nippon Oil & Gas Exploration Corporation to build and operate a carbon capture project at a coal-fired power plant in Texas

Refinancing for Astoria II nears close

Sponsors of the New York City-based combined cycle power plant Astoria II are nearing close for a refinancing through an amend-and-extend deal

Peru to launch tender for 1,200MW of hydro capacity

Peru’s private investment agency (ProInversión) is preparing to launch the long-awaited tender for up to 1,200MW of hydro capacity contracts, IJGlobal has learnt

AES abandons DPL generation sale

AES Corporation has said that it has ended the attempt to sell DPL's 3,453MW of generation assets

ADB approves $300 million Sri Lankan energy loan

The Asian Development Bank (ADB) will lend Sri Lanka a $300 million dual-tranche loan to fund a power generation project and separate transmission works

Sasol and EDM close to signing on Ressano Garcia gas-fired

South Africa’s Sasol and state utility Electricidade de Mozambique (EDM) hope to sign the financing for the construction of the 175MW gas-fired plant in Ressano Garcia, Mozambique, in the next few months

EBRD mulls financing for Kazakh electricity distribution

The European Bank for Reconstruction and Development (EBRD) is considering providing financing for a Tenge4.6 billion ($25 million) programme to modernise electricity distribution networks in the Kyzylorda region of Kazakhstan

Drawdown nears for Zimbabwe’s Kariba South expansion

The Export-Import Bank of China (China Exim) is expected to shortly release the funds for its sovereign loan to the government of Zimbabwe for the expansion of the Kariba South hydro power plant

Standard signs with Miga on Gulf Power B loan

Standard Bank has signed a $27.9 million insurance policy covering against the risks of war and civil disturbance on its loan to the Gulf Power plant in Kenya

ICBC and Deutsche line up Dasu mega-dam

ICBC and Deutsche Bank are nearing being mandated on the$2 billion commercial debt tranche of the Government of Pakistan’s 4,300MW Dasu mega dam project

Vietnam’s National Power closes NEXI project loan

Vietnam National Power Transmission (VNTP) has closed a NEXI backed $60 million loan which it will use for the design and construction of transmission power facilities in Duyen Hai and Long Phu in southern Vietnam