Iberdrola has decided to complete the process of phasing out all its coal-fired power generation capacity worldwide. The technology represents 1.8% of the group's total installed capacity of 48,062 MW and 1.5% of its electricity production for the first nine months of the year (1,596 GWh out of 102,494 GWh).
Fossil-fuel Power News
The Ministry of Energy and Mining, under a Resolution of the Ministry of Electric Power No. 926/2017, has awarded nine projects for a total of 1,304 MW.
China Power Hub Generation Company's 1,320 MW coal power plant in Pakistan has secured US$1.5 billion financing with a consortium of Chinese banks, being led by China Development Bank and Exim Bank of China.
PT Medco Energi Tbk (MEDC) has agreed to acquire 77.68% shares of PT Saratoga Power. PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the sellers for the acquisition of 784,840 shares in PT Saratoga Power representing 77.68% of all subscribed and paid up capital in PT Saratoga Power.
Africa50, the infrastructure fund for Africa, signed a development agreement with Senelec, Senegal’s electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda.
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.
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.
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).
Sembcorp has announced it has reached financial close on the 414 MW Sirajganj greenfield gas-fired power project in Bangladesh.
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.
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.
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.
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.
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.
Newcastle Coal Infrastructure Group (NCIG) has announced the completion of a US$634m refinancing with a syndicate of eight banks.
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.
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.
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.
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.
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.