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.
Fossil-fuel Power News
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.
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.
African Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.
Oman Power and Water Procurement (OPWP) has announced it has plans to launch a tender process to develop solar projects in the country.
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.
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.