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EXCLUSIVE Marubeni relocates European power manager

Keiji Okagaki is to leave London, where he was a vice-president at Marubeni Europower, to take up a role at the Japanese trading house's Tokyo headquarters.

EXCLUSIVE GDF Suez and SEC plot mini-perm refi for PP11

A consortium led by GDF Suez and Saudi Electric Company (SEC) has shortlisted a club of roughly 30 lenders to participate in a soft mini-perm refinancing of the Riyadh PP11 independent power project in Saudi Arabia

Iberdrola USA and UIL Holdings to merge

Spanish utility Iberdrola's US subsidiary and the New England-based utility UIL Holdings have agreed to merge

FMO to finance 85MW Nicaraguan hydro

Dutch development bank FMO will partially finance the 85MW Aguas El Carmen hydro power project in the Nicaraguan department of Matagalpa

Actis plots Kribi gas-fired expansion

Actis subsidiary Globeleq is speaking to lenders regarding a planned expansion of the generating capacity of the Kribi gas-fired power plant in Cameroon which it acquired a controlling stake in from AES last year

OECD calls for UK to strengthen and expand remit of GIB

The Organisation for Economic Co-operation and Development (OECD) has called for the UK to strengthen the Green Investment Bank and other targeted financial aids as well as improve public-private partnership (PPP) infrastructure financing

OPWP reviews Salalah 2 bidder discussions

Bidders on the Salalah 2 independent power project in Oman are hoping for a preferred bidder announcement in the next few weeks, after further talks with granting authority Oman Power and Water Procurement Company

Sponsors close to acquiring land for Central Java power

The sponsors for the roughly $4 billion Central Java power project in Indonesia are reportedly close to reaching an agreement with PLN to acquire the final land parcels for the project

PiP to launch solar fund with Aviva

British insurance company Aviva and the Pensions Infrastructure Platform (PiP) are to launch a £250 million ($388.3 million) solar PV fund as PiP plans its next, £1 billion fund

EIB considers Tumarin hydro loan in Nicaragua

The European Investment Bank (EIB) is considering a loan of €130 million ($148 million) for the 253MW Tumarin hydro power project and other transmission investments in Nicaragua

EXCLUSIVE Bidders unofficially pull out of S9&10 power

Some of the shortlisted bidders have ceased working on proposals for the 1,200MW Sumsel 9 and 600MW Sumsel 10 mine-mouth coal-fired power projects in South Sumatra, according to two sources familiar with the deal

Blackstone Energy Partners II reaches close

Blackstone has reached close on the Blackstone Energy Partners (BEP) II fund with more than $4.5 billion in commitments

Equity talks continue for delayed Hinkley C nuclear project

Sponsor EDF Energy is pressing ahead with plans to finalise the equity club for its £16 billion ($24.6 billion), 3.2GW Hinkley Point C nuclear plant in the UK despite announcing delays and contending with legal challenges to the project

Orascom plans share offering

Egyptian developer Orascom Construction is hoping to raise more than $200 million through a share offering of 15% of its total equity capital in the next few weeks, the company said in a statement yesterday (19 February 2015)

Panda to build 1,000MW Hummel Station

Panda Power Funds has emerged as the equity investor for Corona Power's 1,000MW combined-cycle, gas-fired power project in Snyder county, Pennsylvania