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Fossil-fuel Power News

Iberdrola awarded construction and operation of 766-MW combined-cycle power

Iberdrola awarded construction and operation of 766-MW combined-cycle power

🕔Mar 24, 2017

Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).

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Financial close for the USD 2.1 billion Oil Shale Power Project in Jordan

Financial close for the USD 2.1 billion Oil Shale Power Project in Jordan

🕔Mar 24, 2017

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.

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IFC Global Infrastructure Fund invest in I Squared Capital LATAM energy platform

IFC Global Infrastructure Fund invest in I Squared Capital LATAM energy platform

🕔Mar 17, 2017

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.

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Kineticor acquires power plant and secures investment from OPTrust

Kineticor acquires power plant and secures investment from OPTrust

🕔Mar 13, 2017

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.

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Power Finance provides loan for West Bengal`s first super critical project

Power Finance provides loan for West Bengal`s first super critical project

🕔Mar 10, 2017

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.

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North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

🕔Mar 10, 2017

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.

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Capital Power acquires 294 MW of power facilities in Canada

Capital Power acquires 294 MW of power facilities in Canada

🕔Mar 7, 2017

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.

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Cambodia approves power and transmission projects

Cambodia approves power and transmission projects

🕔Mar 2, 2017

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.

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Vattenfall invests  €325 million into a new gas-fired combined heat and power plant in Berlin

Vattenfall invests €325 million into a new gas-fired combined heat and power plant in Berlin

🕔Feb 13, 2017

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).

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IFC and MIGA back 485 MW Power Plant In Jordan

IFC and MIGA back 485 MW Power Plant In Jordan

🕔Feb 9, 2017

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. 

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ENGIE achieves financial closing for the Fadhili independent power project (IPP) in Saudi Arabia

ENGIE achieves financial closing for the Fadhili independent power project (IPP) in Saudi Arabia

🕔Feb 3, 2017

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.

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Financial close reached for Kalsel Coal-Fired IPP Project in Indonesia

Financial close reached for Kalsel Coal-Fired IPP Project in Indonesia

🕔Feb 2, 2017

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). 

 

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Bidders announced for Oman IPP project

Bidders announced for Oman IPP project

🕔Jan 31, 2017

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.

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Financial close reached for $1.584 Billion Energy Center in Dover, New York

Financial close reached for $1.584 Billion Energy Center in Dover, New York

🕔Jan 26, 2017

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.

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FirstEnergy to sell natural gas and hydro assets to LS Power Equity Partners

FirstEnergy to sell natural gas and hydro assets to LS Power Equity Partners

🕔Jan 25, 2017

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.

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Korea Western Power signs MOU for US$1.85 B Power Plant in Central Vietnam

Korea Western Power signs MOU for US$1.85 B Power Plant in Central Vietnam

🕔Jan 25, 2017

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.

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J-POWER acquires equity stake in Tenaska Power Plant Project in Pennsylvania

J-POWER acquires equity stake in Tenaska Power Plant Project in Pennsylvania

🕔Jan 24, 2017

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.

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Sembcorp signs BOT agreement for 225-MW gas-fired power plant in Myanmar

Sembcorp signs BOT agreement for 225-MW gas-fired power plant in Myanmar

🕔Jan 23, 2017

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. 

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Rockland Capital raises $237m for its third power-focused fund

Rockland Capital raises $237m for its third power-focused fund

🕔Jan 11, 2017

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.

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Financing announced for Saudi Arabia power plant

Financing announced for Saudi Arabia power plant

🕔Jan 9, 2017

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.

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