Latest Power News

Top Story

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

Indonesia’s Central Java makes land progress

PLN held meetings last week with banks on the $4 billion Central Java PPP project in Indonesia as it starts the process of acquiring the final parcels of land with the aim of reaching financial close in the next few months.

Sojitz buys Sri Lanka power plant

Sojitz Corporation has acquired a 163MW combined-cycle gas-fired power plant on the outskirts of Colombo, Sri Lanka from AES Corporation

EXCLUSIVE Debt financing underway at Lordstown gas-fired

Clean Energy Future has got financing underway for its Lordstown gas-fired power project in Ohio, with close due shortly

Carlyle to acquire IFM's Essential Power

The Carlyle Group is to acquire the Essential Power generating business on the US east coast from IFM Investors, the buyer announced on 2 February

Orrick hires seven projects lawyers for Houston office

Orrick Herrington & Sutcliffe have appointed seven new energy project lawyers – including a new co-head of energy and infrastructure – among 13 new hires for their new Houston office, the law firm announced on 2 February

EXCLUSIVE KAPP extends Hayman, Kabd, Abdaliyah bid deadlines

Kuwait’s Authority for Partnership Projects (KAPP) has extended the bid deadlines for a number of its projects out to tender including Umm Al Hayman, Al Abdaliyah and Kabd

Elenia sale could launch mid-Feb

The process of a potential sale of Finnish electricity distribution and heating company Elenia could launch mid-February, IJGlobal understands from a source near the deal