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  • The Egyptian Electricity Transmission Co. is accepting pre-qualifications from bidders until July 21 in response to an invitation to build, own and operate a 250 MW wind project at the Gulf of Suez.
  • Magma Energy closed its initial public offering on the Toronto Stock Exchange last week.
  • BARD Engineering has mandated Dexia Crédit Local, NordLB and Rabobank to arrange financing for a 400 MW offshore wind project in the North Sea.
  • Calyon, Mashreqbank and Standard Chartered wrapped the $1.7 billion financing for Al Dur last Tuesday.
  • Private equity firms and infrastructure funds are expressing interest in the Barclays Capital-led sale of Energy Investors Funds' generation and transmission sale.
  • The Exxon Mobil-led Papua New Guinea liquefied natural gas project is expected to be financed mostly by credit export agencies and multilateral development banks.
  • Standard & Poor's is devising a set of global criteria for publicly rating solar project and company debt, a move which may facilitate solar project financing.
  • Private equity firms and infrastructure funds are expressing interest in the Barclays Capital-led sale of Energy Investors Funds’ generation and transmission sale. “There’s been some very good response,” says a deal watcher, adding Energy Capital Partners is a possible buyer. Bids are due in mid to late July.
  • Jeff McDermott, former joint global head of investment banking at UBS, has created financial advisory firm Greentech Capital Advisors to help companies exclusively in the alternative energy and power space. “I basically wanted to build a business and do something entrepreneurial,” says McDermott. “I think climate change is real and I think we are going to change how we use energy.”
  • Debut developers are flocking to Southern Co. subsidiary Georgia Power’s call for 80,000 MWh of renewable power. Harry Judd, president of independent monitor Accion Group, says the tender’s smaller size is more palatable for first-time developers rather than large companies, such as Iberdrola or NRG Energy. “It’s amazing the interest we’ve got on this one. We’ve had 96 people participate in the bidders’ conference, which is unheard of,” says Judd. He declined to identify potential bidders.