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ADWEA and GDF Suez close on Mirfa IWPP

GDF Suez and the Abu Dhabi Water and Electricity Authority (ADWEA) have today (2 October 2014) signed financing documents and reached financial close on the $1.8 billion Mirfa independent water and power project

Panama gets 15 bids in 200MW thermal power tender

Panama's national power company (ETESA) has received 15 bids from companies in a tender held yesterday (30 September 2014) to contract 200MW of thermal projects

NRG launches repricing for Walnut Creek power

NRG has launched repricing for the project company-level (opco) debt for the operational 479MW Walnut Creek simple cycle gas-fired peaker plant in California, IJGlobal has learnt

Ex-WestLB banker joins Crédit Agricole

Michael Boarts, former banker at WestLB, has recently joined Crédit Agricole as vice president in loan syndications

E.ON monetises BKW stake with exchangeable bond

German utility E.ON has closed a €113 million ($143 million) exchangeable bond issue that allows it to monetise its stake in Swiss utility BKW at a premium to BKW's current share price

DEWA now delays clean coal plant

Dubai Electricity and Water Authority (DEWA) has delayed the deadline for bids for its 1,200MW Hassyan clean coal project by two months, following a similar delay to its 100MW solar photovoltaic tender announced last week

Pakistan extends Gadani power deadline again

Pakistan’s Private Power and Infrastructure Board (PPIB) has extended the bid deadline for expressions of interest in the planned 6,600MW Power Park project at Gadani in Balochistan for the second time. Bids are now due 31 October 2014

Tenaska increases term loan for TPF II Power

Tenaska has increased a recently launched term loan B facility supporting subsidiaries TPF II Power and TPF II Covert Midco to $1.6 billion from $1.5 billion

SoCalEd launches storage demonstration project

Southern California Edison (SoCalEd) has launched its 32MW demonstration Tehachapi Energy storage project in California. SoCalEd is using the demonstration project to learn how energy storage interacts with the grid, preparing for an eventual integration of energy storage into their system.

IFC considers funding for Upper Karnali hydro

The International Finance Corporation (IFC) will likely provide partial funding for the $1.2 billion Upper Karnali hydropower project in Nepal, a source close to the deal has told IJGlobal

China Exim signs loan for Jerada coal-fired

ONEE, the national power and water utility of Morocco, has signed a $300 million loan with the China Exim Bank for its new 318MW coal-fired power plant in Morocco

Malaysian consortium signs MOU for Bangladesh coal-fired

Malaysian companies Tenga Nasional and Powertek Berhad have signed a memorandum of understanding (MoU) with the Bangladesh Power Development Board (BPDB) for the development of a proposed 1320MW coal fired power project at Maheshkali, Bangladesh

Rosatom signs Jordan nuclear deal

After almost a year of negotiations, the government of Jordan has signed a project development agreement with Russian developer Rosatom for the development of a 2,000MW nuclear power plant in the country

Hinkley Point C poised to receive state aid approvals

The UK’s government’s subsidy package for EDF’s £16 billion ($26.2 billion), 3,200MW Hinkley Point C nuclear power project is understood to have received approval from the European Union's (EU) competition commissioner

GMR signs Upper Karnali hydro project agreement

GMR Group has finalized the project development agreement for the 900MW Upper Karnali hydropower project with the Government of Nepal

GMR signs PPA with Zesco for Sinazongwe coal-fired

Zambian state utility Zesco has signed a power purchase agreement with GMR subsidiary EMCO Energy for the 300MW Sinazongwe coal-fired power plant