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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

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.

Peter J Solomon goes into energy advisory

Peter J Solomon Company, the privately held US investment bank, is to expand into energy advisory with three hires from other banks, the firm announced on 18 May

Marubeni signs MOU for Cirebon 3 coal-fired

Marubeni has signed a memorandum of understanding with Korea Midland Power, Samtan and PT Indika Energi to jointly develop a third 1,000 MW coal-fired power plant in Cerbon, in Indonesia’s West Java province.

Dynegy outlines acquisition financing plans

Dynegy expects to raise high-yield bonds or a term loan B to finance most of its share of the acquisition costs of a portfolio of fossil fuel power plants from Engie, the firm’s chief executive has said

SEC signs Kexim-covered loan for Shuqaiq

Saudi Electricity Company (SEC) has signed on a $900 million loan covered by the Export-Import Bank of Korea and other lenders to finance the Shuqaiq power plant

Panda plots PJM sale and Sherman refinancing

Panda Power Funds is planning to refinance one of its power plants in Texas and sell its entire gas-fired portfolio in the PJM market, IJGlobal understands

South Africa plans gas-fired PPP and solar parks

South Africa’s Department of Energy has launched an expression of interest for a new 600MW gas-fired power project to be procured as a public private partnership

EDF faces Hinkley cost rises and ratings downgrade

EDF, the sponsor of the UK’s long-awaited 3.2GW Hinkley Point C nuclear development, has said the cost of the project could rise to £21 billion ($30.1bn), £3 billion more than previously estimated

EIB, AFD sign on Red Sea-Dead Sea studies

The European Investment Bank (EIB) and Agence Française de Développement (AFD) have signed to provide economic, financial and other studies for the Red Sea-Dead Sea Water Conveyance project between Israel and Jordan