Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).
Fossil-fuel Power News
Attarat Power Company announced that it has reached financial close for the project to construct the first oil shale fired power station and open cast mine in Jordan.
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.
ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.
PT. Tanjung Power Indonesia (TPI) has secured US$560 million in debt and equity financing for the construction of a 2 x 100-megawatt coal-fired power station in South Kalimantan, the southernmost province on the island of Borneo (Indonesia).
Statement of Qualifications were received from 11 Applicants in response to the tender for the development of an additional new generation capacity of approximately 850-750MW to be located at Misfah, just over 30km from Muscat International Airport in the Sultanate of Oman.
Cricket Valley Energy Center, LLC, has announced the successful financial close for the construction of the US$1.584 billion Cricket Valley Energy Center, a fully-permitted approximately 1,100-MW combined-cycle natural gas electric generating facility located in Dover, New York.
FirstEnergy Corp. has announced it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III, LP, of New York.
South Korea’s Korea Western Power Co. (KOWEPO) has signed a Memorandum of Understanding (MOU) with the People's Committee in Vietnam's Quang Tri Province on the second-phase development of a 1,200-MW coal-fired power plant in the province.
J-POWER Westmoreland, LLC, a subsidiary of J-POWER USA Investment Co., Ltd., has secured an equity stake from Tenaska in the Tenaska Westmoreland Generating Station, a 925 MW natural gas-fueled power plant project near Pittsburgh.
Sembcorp Industries has announced the signing of a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar, for its upcoming 225 MW Sembcorp Myingyan gas-fired power plant in Mandalay.
Rockland Power Partners III, Rockland Capital's third power-focused fund, has raised more than US$237 million by means of the commitments from 30 LPs.
Doosan Heavy Industries has secured US$200 million financing from The Export-Import Bank of Korea (KoreaExim Bank) for the developmet of the the Fadhili combined heat and power plant in Saudi Arabia.