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Mitsui buys additional Astoria I stake

Japanese trading company Mitsui & Co has bought an additional 16% interest in the Astoria I power plant in new York City

CESC raising equity for power development slate

Indian generation and transmission operator CESC has closed the books on raising $80 million in equity in a qualified institutional placement

Technical default for Kimanis Power sukuk

Delays to the acceptance of a generating block at the Kimanis Power project in Malaysia have led to a technical default on the plant’s sukuk financing

UK's National Grid names winter backup power stations

The UK’s National Grid is finalising contracts with three power stations to provide backup power this winter, as capacity margins shrink to their lowest in seven years

Pemex inks partnerships for $1.4bn co-gen projects

Mexico’s state oil company, Pemex, has signed memorandum of understandings (MOUs) for partnerships to develop two new cogeneration projects worth a combined $1.4 billion

Final bids in for Salalah 2

The three remaining bidding group’s for Oman Power and Water Procurement Company (OPWP)’s Salalah 2 independent power project have today (28 October 2014) submitted final bids to the procurer

Panda’s Stonewall financing launch imminent

Panda Power Funds is launching term loan B financing for the 750MW Stonewall combined-cycle project in Virginia on 29 October 2014, IJGlobal has learnt

IDB approval for Summit’s Bibiyana II power

The board of the Islamic Development Bank has approved a $60 million financing for the Bibiyana II independent power project in Bangladesh

Ofgem revises costs for Scottish subsea power link

UK energy regulator Ofgem has today set out proposals to allow £1.1 billion ($1.7 billion) funding for the 1.2GW Caithness-Moray subsea link in the Northern Scotland

Ncondezi picks equity partner for Mozambique coal-fired

Ncondezi Energy has announced today (27 October 2014) that it has signed a memorandum of understanding with Shanghai Electric Power for the joint development of a 300MW coal-fired power plant near Tete, Mozambique

Chernobyl shelter nears completion

The €2.15 billion ($2.73 billion) Chernobyl shelter project has taken another step towards completion with the installation of the two main arches covering the abandoned nuclear site in Ukraine

Hanhikivi nuclear design contract awarded

Rosatom has awarded the contract to undertake the full design documentation for the 1,200MW Hanhikivi 1 nuclear power plant in Pyhäjoki, Finland to Atomproekt

EU agrees 40% carbon cut by 2030

European Union member states have agreed a pact to cut carbon emissions across the continent by 40% on 1990 levels by 2030

MVV Energie hires Czech business CEO

Jiri Koptik has been appointed as chief executive of the Czech subsidiary of Mannheim-based energy company MVV Energie

CPD closes Khare Khola hydro

Consortium Power Developers (CPD) has reached financial close on the 24.1MW Khare Khola Hydropower project in Nepal

First State buys EVG German gas grid

First State European Diversified Infrastructure Fund (EDIF), the European infrastructure fund of First State Investments, is to acquire German gas grid operator EVG

Standard Bank poised to lend on Zimbabwean hydro expansion

Zimbabwe Power Company is close to signing an additional loan from Standard Bank to finance the troubled expansion of the Kariba South hydroelectric dam, a spokesman for the bank told IJGlobal

South Africa plans China nuclear deal

South Africa plans to sign further nuclear power framework agreements with China and Japan in the coming months, the Department of Energy said on Sunday

Macquarie, bcIMC-led investor group to buy Cleco

An investor group led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC) have agreed to acquire the utility holding company Cleco Corporation for about $3.4 billion