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AEP and FirstEnergy scrap Ohio PPA plans

AEP Energy and FirstEnergy, the vertically integrated power holding companies, have decided to rethink plans to use power purchase agreements with their utility subsidiaries in Ohio in the face of a ruling from the Federal Energy Regulatory Commission

Baker Botts adds London partner

International law firm Baker Botts has added Stuart Jordan as a partner in its global projects group as part of the firm’s London office

Energy Future resets Oncor selloff

The Hunt Consolidated-led bid to buy Texas utility Oncor Electric Delivery Company has been terminated by seller Energy Future Holdings after a milestone at the end of April was missed

iCON complete Capstone Infrastucture acquisition

iCON Infrastructure, the UK fund manager, has completed the acquisition of Canadian power and water holding company Capstone Infrastructure for C$480 million ($381.9 million), Capstone announced on 29 April

Fortistar to buy New York CCGT plant

Fortistar, the privately held independent power producer, has agreed to acquire a 72MW combined cycle gas turbine plant in New York State from private equity firm Wayzata Investment Partners, the buyer announced on 27 April

Kuwait’s Az Zour North 2 extended again

The bid deadline for the 1,500MW Az Zour North 2 independent water and power producer (IWPP) has been extended for the fifth time in 2016

Enersis announces departure of Chile country head

Holding company Enersis, owned by Italian renewable developer Enel, announced today that its country manager Daniel Fernández is to leave Enersis

EETC invites proposals for Egypt transmission

The Egyptian Electricity Transmission Company (EETC) has invited bids for development of a transmission project which it has asked the European Investment Bank (EIB) and other development partners to finance

IFC finances Iraq CCGT plant

The International Finance Corporation (IFC) has arranged $375 million in financing for Mass Global Energy Sulimaniya for upgrading and expansion of a 1,000MW independent power producer (IPP) project in Iraq

EPM signs BNDES loan for Ituango hydro

Colombian multi-utility Empresas Públicas de Medellín (EPM) signed a $111.4 million loan with Brazilian development bank BNDES to support the construction of the 2.4GW Ituango hydro located on the Cauca River

Starwood to buy former Calpine cogen plants

Starwood Energy Group is preparing to buy two co-generation plants in California previously operated by Calpine under a sale and leaseback agreement

Enagas issues new Euro bond

Spanish energy company Enagas issued and closed on a 12-year, €750 million ($848.8 million) bond on 26 April 2016

Details emerge on Tenaska's Westmoreland financing

Further details have emerged of Tenaska and Diamond Generating Corporation’s financing of the $1.1 billion Westmoreland Generating Station combined cycle gas-fired power project, which reached financial close on 19 April

World Bank backs PLN grid expansion

The World Bank has approved a $500 million loan to help Indonesia’s state-owned electricity company PLN expand its distribution network.

EDF stalls on Hinkley decision until September

France’s EDF is to wait until September before making a final investment decision on its long-awaited £24.5 billion ($34.7 billion) Hinkley Point C nuclear development in the UK

EXCLUSIVE Ibri/Sohar 3 bank list revealed

Acwa Power and Mitsui have lined up a group of seven local and international lenders for the 1,509MW Ibri and 1,710MW Sohar 3 natural gas-fired combined-cycle projects in Oman, IJGlobal can reveal

OPWP begins procurement advisory tender

The Oman Power and Water Procurement Company (OPWP) is seeking proposals from single bidders or consortiums to advise it on the contracting of power and water projects in 2022 and beyond