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KBC Bank has reorganized its New York project finance effort with Wim Verbraeken, v.p., taking control of Eric McCartney's fiefdom as head of project finance for the Americas and McCartney moving sideways into a global project finance advisory role.

Brazilian energy concern Petrobras recently hired ABN AMRO to advise on financing the construction of a $1.3 billion liquified natural gas terminal that it's developing in the Amazon.

E.on remains on the lookout for a Midwest utility, but is holding its fire until the market turns around and it completes its acquisitions of TXU Europe assets and Ruhrgas. Graham Wood, senior v.p. of international corporate finance at E.on in London, told attendees at a Euromoney conference in New York, "There is a lack of confidence here because of the many scandals that have arisen,."

Société Générale and BNP Paribas will hold a bank meeting today at the London offices of law firm Shearman & Sterling to kickstart retail syndication of InterGen's EUR625 million ($625 million) Rijnmond loan. A banker in Paris says the pair sent out invitations to roughly a dozen banks last Monday and hopes to get some initial feedback at the meeting. He says InterGen would like a further six or seven banks to sign take-and-hold retail tickets, in addition to the eight banks on the senior syndication roster (PFR, 11/25).

Western Power Distribution has pulled out of the auction for fellow U.K. wires business Midlands Electricity, stoking concerns the sale may falter. This is further evidence that the seller's price tag is too rich and that a sale may not go through, argues one London M&A banker, who adds his client already has pulled out of the auction. A WPD executive declined comment.

El Paso reportedly has had to spike plans to withdraw equity capital from its 400 MW Macae plant in Brazil after failing to leverage the project in the bank market. Mandated lead arranger Société Générale has told the Houston energy trader that there is no appetite for the deal, says one market watcher. Officials at El Paso in Houston and bankers at SocGen did not return calls.

Brascan Power, an affiliate of Brazil's Banco Brascan, is looking to develop two 15-20 MW hydroelectric projects in Brazil and intends to finance them in the local bank debt market. Katherine Vyse, a spokeswoman in Houston, says the IPP recently received preliminary approval from the Brazilian government to build the plants, but she was unable to provide further financing details as plans are at a preliminary stage.

Following is a directory of ongoing generation asset sales. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. To report new auctions or changes in the status of a sale, please call Will Ainger, managing editor, at (44-20) 7303-1735 or e-mail wainger@euromoneyplc.com.

Atlanta-based Mirant has appointed a new interim global risk control officer to replace Mike Smith, who last week took up the executive director position at The Committee of Chief Risk Officers. Effective last Wednesday Cameron Bready took up the post, according to Mirant spokesman David Payne. Bready worked alongside Smith in the unit, which covered market, credit, operational and business continuity risk. Payne says the interim status is likely to be in place for some time. He was unable to supply Bready's previous title.

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