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NRG and JX Nippon near close on Petra Nova Project

NRG and JX Nippon Oil & Gas Exploration Corporation is planning to close – in the next few weeks – on the debt portion of their financing for the carbon capture and storage (CCS) project in Texas

UK capacity market receives EU approval

The European Commission has given its approval to the proposed UK capacity market, which aims to ensure that sufficient electricity supply is available to cover consumption at peak times

BRICS unveil New Development Bank (NDB)

The BRICS nations – Brazil, Russia, India, China and South Africa – have unveiled the New Development Bank (NDB) which will mobilise resources for infrastructure and sustainable development projects

1MDB mandates two more banks for 3B

1MDB and Mitsui are understood to have mandated two further banks for the debt financing for the roughly R11 billion ($3.2 billion) Project 3B power project in Malaysia

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