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US Grid Company to raise $1bn for distribution projects

US Grid Company, a power distribution business headed up by Jacob Worenklein, is in talks with financial institutions to raise $1 billion for its power distribution projects, including microgrids

GIP to buy majority stake in CPV

Global Infrastructure Partners II (GIP II) has agreed to buy Warburg Pincus’ stake in Competitive Power Ventures (CPV)

Aurecon appointed for Zambia transmission upgrade

Zambia Electricity Supply Commission (Zesco) has awarded Aurecon a contract to provide engineering, design and construction services for the upgrade of transmission and distribution infrastructure in and around the capital city of Lusaka

Continuation of Fadhili CHP in doubt

Banks and sponsors are questioning whether the Fadhili combined heat and power (CHP) project in Saudi Arabia will proceed

October for next UK Contracts for Difference round

The next round of the UK’s Contracts for Difference (CfD) is slated to begin in October this year, eight months after the first batch of state support deals were handed out

One bidder drops out of Indonesia's S9 & S10 coal-fired

The consortium comprising Mitsubishi, EGCO, EDF and Pendopo Energi Batubara is rumoured to have pulled out of the bidding for 1,200MW Sumsel 9 and 600MW Sumsel 10 mine mouth coal-fired power projects in Indonesia

NSW election paves the way for privatisation

New South Wales Premier Mike Baird has claimed victory in the state elections in what was widely viewed as a referendum on the government’s privatisation programme

CIMB appointed for 1MDB power assets sale

Malaysia’s Ministry of Finance has appointed CIMB to advise on the sale of 1MDB’s energy arm, Edra Global Energy

Sempra Energy preps MLP

Sempra Energy is planning to launch a master limited partnership (MLP) that features a yieldco-like corporate subsidiary, company executives said

Intergovernmental agreement for Rusatom’s Zarqa nuclear

The Russian Federation and the Kingdom of Jordan have signed an intergovernmental agreement covering the development of the new 2,000MW Zarqa nuclear plant in the kingdom

ProInversión releases draft hydro agreement

Peru's private investment agency ProInversión has published the first version of the contract for the forthcoming tender for 1,200MW of hydro power capacity

DEWA postpones bidding again for Hassyan coal-fired

The Dubai Electricity and Water Authority (DEWA) has once again extended the deadline for bid submissions for the 1,200MW Hassyan coal-fired power plant, the third delay in six months

Norway-Germany power cable ready by 2020

The development of the €2 billion ($2.2 billion) NordLink, a 1.4GW high-capacity power cable set to run between Norway and Germany, has ramped up as contracts are handed out for the project

Miga considers guarantee for Ressano Garcia gas-fired

The World Bank’s Multilateral Investment Guarantee Agency (Miga) is weighing up providing a guarantee covering part of the debt being raised to fund the new 175MW Ressano Garcia gas-fired power plant in Mozambique

Ofgem to tender onshore transmission assets

The UK’s national grid is set to be overhauled, with transmission assets to be put out to tender much like the its offshore transmission network

EXCLUSIVE ACWA and Mitsui seek quick signing on Salalah 2

A consortium led by ACWA Power and Mitsui are hoping to sign the financing for the Salalah 2 independent power project in Oman within weeks, having been officially confirmed as the winning bidder in the last few days