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Fossil-fuel Power News

AfDB to back Kenya’s Lamu coal

AfDB to back Kenya’s Lamu coal

🕔Sep 11, 2017

The African Development Bank (AfDB) is mulling to fund the development of Kenya’s first coal-fired power plant. The bank is awaiting the environmental and social audits before they can release the funds.

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China green-lights the creation of the worl's largest power company

China green-lights the creation of the worl's largest power company

🕔Sep 1, 2017

The Chinese government has approved the creation of the world’s largest power company. China has given green light to the merger of electricity producer China Guodian and coal company Shenhua Group.

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ReneSola secures funding for 30MW of Distributed Generation Projects in China

ReneSola secures funding for 30MW of Distributed Generation Projects in China

🕔Aug 30, 2017

China-based solar project developer ReneSola Ltd has announced it has secured an RMB120 million (US$18 million) financing facility from China Kangfu International Leasing Co., Ltd, an affiliate of State Power Investment Corporation (SPIC).

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IPPToday #45: Financial close for Sembcorp's 414 MW IPP power project in Bangladesh

IPPToday #45: Financial close for Sembcorp's 414 MW IPP power project in Bangladesh

🕔Aug 28, 2017

Sembcorp has announced it has reached financial close on the 414 MW Sirajganj greenfield gas-fired power project in Bangladesh.

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Sempra Energy to acquire ownership interest in Oncor

Sempra Energy to acquire ownership interest in Oncor

🕔Aug 25, 2017

Sempra Energy  today announced an agreement to acquire Energy Future Holdings Corp., the indirect owner of 80 percent of Oncor Electric Delivery Company, LLC, operator of the largest electric transmission and distribution system in Texas.

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Calpine to be acquired by Energy Capital-led consortium

Calpine to be acquired by Energy Capital-led consortium

🕔Aug 24, 2017

Calpine Corporation has announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for US$15.25 per share in cash, or US$5.6 billion.

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ADB invests in Thai power utility

ADB invests in Thai power utility

🕔Jul 31, 2017

The Asian Development Bank has invested US$57.7 million in Thai power utility B Grimm Power Public Company to support the firm in investing and developing clean energy projects throughout Southeast Asia.

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Dynegy sells three power generating assets

Dynegy sells three power generating assets

🕔Jul 24, 2017

Dynegy reached an agreement to sell its Lee Energy Facility, a 625 MW gas-fueled peaking asset in the PJM ComEd region to an affiliate of Rockland Capital.

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Vistra Energy to buy Texan 1GW natural gas-fired plant

Vistra Energy to buy Texan 1GW natural gas-fired plant

🕔Jul 24, 2017

Vistra Energy, the parent company for TXU Energy and Luminant, has announced it has entered into a definitive agreement to acquire a 1,054 MW combined cycle, combustion turbine power plant located in Odessa, Texas  from a subsidiary of Koch Ag & Energy Solutions, LLC

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Newcastle coal terminal refinancing reaches financial close

Newcastle coal terminal refinancing reaches financial close

🕔Jul 20, 2017

Newcastle Coal Infrastructure Group (NCIG) has announced the completion of a US$634m refinancing with a syndicate of eight banks.

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IPPToday #17: K-Electric unveils plan for 900 MW power project

IPPToday #17: K-Electric unveils plan for 900 MW power project

🕔Jul 17, 2017

K-Electric has unveiled the plan for the development of a 900 MW power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi, Pakistan.

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Denmark's Anaes Power Station can phase out coal

Denmark's Anaes Power Station can phase out coal

🕔Jul 17, 2017

With a new 20-year agreement recently concluded between Novo Nordisk, Novozymes, Kalundborg Forsyning and DONG Energy, a sustainable alternative has been found to Denmark's largest coal-fired power station unit, enabling a complete phase-out of coal in a DKK 1.2 billion ($180 million) development.

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IPPToday #15: NRG gets US$685 MM financing for a natural gas-fired generating facility

IPPToday #15: NRG gets US$685 MM financing for a natural gas-fired generating facility

🕔Jul 13, 2017

NRG Repowering Holdings LLC has obtained a US$685 million financing for the development, construction and operation of the Carlsbad Energy Center, a 558 MW Natural Gas-Fired Generating Facility in California. 

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IPPToday #11: AES closes US$2 billion in financing for 1.4 GW Southland repowering project

IPPToday #11: AES closes US$2 billion in financing for 1.4 GW Southland repowering project

🕔Jul 6, 2017

The AES Corporation has announced the closing of US$2.0 billion in long-term, non-recourse financing for its 1,384 MW Southland repowering project in Southern California.

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IPPToday #4: Financial Close for the Tierra Mojada Power Plant in Mexico

IPPToday #4: Financial Close for the Tierra Mojada Power Plant in Mexico

🕔Jun 27, 2017

Fisterra Energy, a company majority owned by Blackstone’s energy-focused private equity fund, Blackstone Energy Partners, and global private equity fund, Blackstone Capital Partners, have announced it has achieved a financial closing for the Tierra Mojada combined-cycle gas turbine (CCGT) power plant in Guadalajara, Mexico.

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AGL to build 210MW fossil-fuel power plant in South Australia

AGL to build 210MW fossil-fuel power plant in South Australia

🕔Jun 19, 2017

AGL Energy Limited (AGL) has announced it would invest AUD295 million (US$225 million) to develop a 210 MW reciprocating engine power station near Adelaide, South Australia.

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AIIM acquires stake in Mali energy firm

AIIM acquires stake in Mali energy firm

🕔Jun 15, 2017

African Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.

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Oman to issue RfPs for solar, power and water projects

Oman to issue RfPs for solar, power and water projects

🕔Jun 5, 2017

Oman Power and Water Procurement (OPWP) has announced it has plans to launch a tender process to develop solar projects in the country.

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AMP Capital’s Infrastructure Debt team invests in Swedish district heating portfolio

AMP Capital’s Infrastructure Debt team invests in Swedish district heating portfolio

🕔May 30, 2017

AMP Capital has reached financial close on a SEK1.47 billion (US$163 million) mezzanine debt investment in a portfolio of energy assets owned by Solør Bioenergi, a leading district heating business providing heating solutions across Sweden.

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InterGen to Sell Mexico Assets

InterGen to Sell Mexico Assets

🕔May 26, 2017

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.

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