InterGen has recently announced plans to advance the sale of its business interests in Mexico. It is expected that a formal sales process will be launched shortly.
Fossil-fuel Power News
POSCO Energy Co. has signed a memorandum of understanding (MOU) agreement on with Nghe An provincial government to develop the Quynh Lap II thermal power plant project in Vietnam.
ACWA Power, a developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that Fukushima Gas Power Co., Ltd. (FGP) has signed a contract for a US$1.27-billion syndicated loan with Development Bank of Japan Inc. as the lead arranger on the 1,180 MW Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture.
Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) announced its successful expansion into Indonesia by awarding the natural gas-fired combined-cycle Riau power plant with 275-MW capacity.
A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in Indonesia.
Consumers Energy has issued a request for proposals to acquire a natural gas-fired generating plant of up to 800 MW, part of the company's plans to meet Michigan's long-term energy needs reliably, affordably and sustainably.
Sojitz Corporation has announced it has closed the acquisition of a 33.33% stake in Birdsboro natural gas-fired power plant facility in Pennsylvania (US).
Co-developers CPV, GE Energy Financial Services, and OGUSA have arranged US$700 million of senior debt financing for the Fairview Energy Center project, a new natural gas and ethane electric generation facility located in western Pennsylvania.
On track to becoming a critical base-load component in meeting Ghana’s growing electricity demand, the Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017.
Axium Infrastructure has announced the closing of a transaction in which Axium has acquired an equity interest in the Kings Mountain Energy Center (KMEC) and the Middletown Energy Center (MEC), two natural-gas fired generation assets that are currently under construction in North Carolina and Ohio.
Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
Kineticor Resource Corp., in partnership with OPTrust, has closed the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, AB from Shell Canada.
State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.
MIGA, a member of the World Bank Group, continued its commitment to Bangladesh's power sector by announcing a guarantee of US$69.5 million for Standard Chartered Bank (SCB) and Siemens Bank's loans to North-West Power Generation Company Limited (NWPGCL), a state-owned power generation utility.
Capital Power Corporation has announced that it has entered into an agreement to acquire the thermal power business of Veresen Inc., consisting of two gas-fired generation facilities and two waste heat assets.
The Cabinet of Ministers of Cambodia has given green light to a power and a transmission project in a bid to address the increasing demand for electricity in the kingdom.
Vattenfall has taken the final investment decision for the the realization of a modern Combined Heat and Power plant in the Berlin district of Marzahn-Hellersdorf (Germany).
IFC and MIGA, members of the World Bank Group, are backing the design, construction, ownership and operation of a the 485 MW Zarqa gas-fired power plant in Jordan. Once operational, the plant will generate power at about a third of the current average cost in Jordan.