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Acwa appoints HSBC for Rabigh refinancing

Saudi Arabian developer Acwa Power has appointed HSBC as mandated lead arranger to refinance $2.1 billion of debt on the 1,204MW Rabigh project in Saudi Arabia, a source told IJGlobal

EBRD considers loan for Polish grid upgrade

The European Bank for Reconstruction and Development (EBRD) is mulling a Z500 million ($127.5 million) loan to Polish state-backed power utility Polska Grupa Energetyczna (PGE) to part-fund its Z1.5 billion grid upgrade programme

PSP drops US hydro plants down to limited partner

PSP Investments, the Canadian public sector pensions investment manager, has dropped down two US hydro plants into its H2O Power hydro power limited partnership, the third time the plants have changed hands in four years

Black Hills sells IPP stake and buys gas utility from Alinda

Black Hills Corporation has agreed to sell a stake in a Colorado power plant to Argo Infrastructure Partners and bought a gas utility from Alinda Capital Partners and GE Energy Financial Services, in two deals totalling over $2.1 billion

EOIs due for Australia’s Alinta sale

Financial adviser Lazard is expected to issue a call for expressions of interest for the roughly A$5 billion sale of Alinta Energy

EXCLUSIVE Two shortlisted for Fadhili in Saudi

Two companies have been shortlisted for the Fadhili combined heat and power plant in Saudi Arabia, IJGlobal can reveal

UK power upgrade works get European Investment Bank debt

The European Investment Bank (EIB) is to lend £250 million ($360.2 million) for investment over two years by Northern Powergrid as part of the UK power company’s £3 billion upgrade programme

Fortis to acquire US transmission operator

Fortis, the Canadian power holding company, is to acquire Michigan-based power transmission operator ITC Holdings for C$9.7 billion ($7 billion) and sell a minority stake on closing, it was announced on 9 February

Algonquin lines up bonds to buy US utility

Algonquin Power & Utilities has agreed to buy US regulated utility Empire District Electric Company for C$2.1 billion ($1.5 billion) in an all-cash deal, the Canadian power holding company announced on 9 February

Calpine closes Granite Ridge gas-fired buy

Calpine have closed on the acquisition of the Granite Ridge Energy Center power plant in New Hampshire from the plant’s creditors, the buyer announced on 5 February

Sponsor acquires Moundsville gas-fired project

Energy Solutions Consortium have sold their Moundsville Power gas-fired project in West Virginia to a financial sponsor in advance of debt financing launching, two sources familiar with the matter told IJGlobal

Oman tendering for Ibri, Sohar IPP consultants

The Oman Power and Water Procurement Company (OPWP) has launched a tender for technical consultants to assist with the Ibri and Sohar 3 independent power producer (IPP) projects

PSEG Long Island seeks bids for 375MW

PSEG Long Island, the operator of the Long Island Power Authority transmission and distribution system, is seeking bids for 375MW of additional generation capacity in the Western Nassau area of Long Island, New York state

EXCLUSIVE Fadhili shortlist expected imminently

Bidders vying for the Fadhili combined heat and power (CHP) plant in Saudi Arabia are expecting a shortlist to be released next week, sources say

Haynes and Boone hires Mexico energy lawyer

Haynes and Boone has hired Nicolas Borda as partner in the energy, power and natural resources practice group in the Mexico City office

KKR announces reshuffle as Lipschulz leaves

Marc Lipschultz is to step down as head of energy and infrastructure at private equity firm KKR this month in order to join a new debt fund, the executive has reportedly confirmed

EXCLUSIVE LS Power readies another asset sale

LS Power is planning to launch a sales process for one of its power projects in the PJM region, IJGlobal understands

Israel and Jordan’s Red Sea-Dead Sea tender altered

The tender for Israel and Jordan’s pipeline linking the Red Sea to the Dead Sea, with an associated desalination plant, has been altered with tender documents available for an additional two months