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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

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