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EBRD to fund Tajik hydro modernisation

The European Bank for Reconstruction and Development (EBRD) will lend $50 million for the first phase of the modernisation of the Qairokkum hydropower plant in Tajikistan

Mozambique’s Moatize IPP signing delayed

An ACWA Power-led consortium has pushed back the expected date of financing documents signing for its 600MW Moatize independent power project in Mozambique

OPWP to pick Salalah 2 winner in September

Oman Power and Water Procurement Company (OPWP) has pushed back the final bid deadline for the Salalah 2 independent power project

Saudi Aramco and SEC launch Fadhili CHP tender

Saudi Aramco and Saudi Electricity Company (SEC) has launched the tender for the Fadhili combined heat and power (CHP) project in Saudi Arabia

1MDB signs PPA for 3B power project

1Malaysia Development and Mitsui have signed a 25-year power purchase agreement (PPA) with state-owned utility Tenaga Nasional Berhad for the R11 billion 3B power project in Malaysia

Taqa pulls out of Indian hydroelectric deal

An Abu Dhabi National Energy (Taqa) led consortium has withdrawn from a $1.6 billion deal to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures due to change in business strategy, according to a Bombay Stock Exchange (BSE) filing

Toyo Thai appoint FA for Myanmar power plant

Toyo Thai has appointed SMBC as financial adviser for its proposed $2.5 billion 1,280MW coal-fired independent power plant (IPP) in Myanmar’s Mon state

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