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Developer seeks equity for PJM project

Stonegate Power has begun searching for an equity sponsor for its planned Middlesex Energy Center in New Jersey

Blackstone fund closes on NY coal-fired

Two coal-fired New York state power plants taken over by their bondholders have been sold to a Blackstone Group-advised fund manager

Abu Dhabi sovereign fund eyes Indian renewables

Abu Dhabi Investment Authority (ADIA) is set to take a minority stake in India’s Greenko Group for around $200 million by subscribing to a new capital increase.

EXCLUSIVE Delayed bid deadline for Eandis gas grid sale

The sell-off of a stake in gas and electricity grid operator Eandis has been delayed as bidders waited for changes to policy to allow the sale to go ahead, IJGlobal understands

EXCLUSIVE Two prepare July final bids for Ausgrid privatisation

IJGlobal understands from sources that the two Chinese bidders still in the running to acquire 50.4% of electricity network Ausgrid are preparing to make final offers in July

National Grid, RES to install battery storage in UK

The UK's National Grid and energy developer RES are working on the first battery energy storage systems to provide a dynamic frequency response service in sub-second timescales in Great Britain

AES signs on Colón LNG financing

AES Panama has signed a debt financing backing the 380MW Colón combined-cycle power plant and LNG import terminal project in Panama

PJM slashes capacity payments

PJM Interconnection has cut most capacity prices by nearly 40% in its latest capacity auction for 2019 and 2020, lower than analysts predicted

Panda closes Sherman refinancing

Panda Power Funds has closed the refinancing of its 758MW Sherman merchant gas-fired plant in Texas, according to two sources familiar with the deal

Bidders denied more time for Red Sea-Dead Sea

A number of bidders vying to develop the Red Sea-Dead Sea pipeline between Israel and Jordan have had their requests for an extension to the bid submission deadline rejected

EXCLUSIVE Ibri/Sohar 3 debt financing nears

Debt details for the Ibri and Sohar 3 natural gas-fired combined-cycle projects in Oman are close to being finalised with around $2 billion of loans in multiple currencies expected to sign soon, IJGlobal can reveal

Marubeni and Enel sign Asia power MOU

Japan’s Marubeni and Italy’s Enel have signed a memorandum of understanding to cooperate on jointly developing power generation project opportunities in Asia.

Horizon nuclear company names new chairman

Horizon Nuclear Power, a wholly-owned subsidiary of Hitachi, has appointed Masahide Tanigaki as the new chairman to its board of directors

EXCLUSIVE PLN demands 10% upfront deposit from bidders

Indonesia’s state utility PLN has decided to demand a 10% upfront payment from bidders for potential independent power producer (IPP) projects, IJGlobal can exclusively reveal.

Texas regulators open door to rival Oncor bids

The process of selling off Oncor Electric Delivery Company from the bankrupt Energy Future Holdings has started from scratch after regulators denied the existing buyer consortium the right of first offer for the company

LS Power closes Alabama peaker sale

LS Power has closed on the sale of the Calhoun Energy Center gas-fired peaker plant to a fund managed by Harbert Management Corporation, both firms have announced

EXCLUSIVE July close targeted for KalSel coal-fired IPP

The sponsors of the 2x100MW $540 million KalSel coal-fired independent power producer (IPP) project in Indonesia are aiming to reach financial close by end of July.

NRG to sell Illinois peakers to LS Power

NRG Energy has agreed to sell two peaking gas-fired plants in Illinois to LS Power, as it continues its deleveraging efforts

Details emerge of LS Power hydro refi

Details have emerged of LS Power’s refinancing of its Seneca 508MW hydroelectric power plant in Pennsylvania

EXCLUSIVE Marubeni targets early Q3 close for Cirebon 2

The sponsors of the $2 billion 1,000MW expansion to the Cirebon coal-fired power plant complex in Indonesia are aiming to reach financial close by the beginning of the third-quarter of 2016.