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  • ING has dropped out of the club of banks arranging financing for Pacific Hydro’s 106 MW Chacayes hydro project in Chile. The remaining four banks are looking to wrap the $220 million deal by the end of this month.
  • Arlington, Va.-based AES is planning to come to market for $500 million backing its 250 MW coal-fired Fonseca project in La Union Port, El Salvador in the latter half of this year, says a deal tracker.
  • Calpine is starting to line up funding for its 600 MW combined-cycle gas turbine Russell City Energy Center in Hayward City, Calif.
  • The Coalition for Green Bank is seeking more members to join its group as it hopes to charter the new bank as soon as possible.
  • As eight different carbon initiatives compete for Congress' vote, the question of what final legislation will look like is preventing some utilities and IPPs from committing capital for projects.
  • The Iraqi Ministry of Electricity is in the process of preparing to release multiple tenders for power generation.
  • Baton Rouge, La.-based MMR Power Solutions is looking for roughly $10M in equity investment for initial development of three concentrating solar projects totaling more than 400 MW, Richard Becker, director of assets said at the Platts conference (for full coverage, see pages 4-5).
  • Calyon, Export Development Bank of Canada, Natixis and WestLB have launched retail syndication for the $1.1 billion financing of Astoria Energy's 500 MW gas-fired project in Queens.
  • Sithe Global Power is targeting to bring its C$942 million ($764.4 million), 880 MW CCGT Goreway Station in Brampton, Ontario, online this year.
  • Dexia Crédit Local and Rabobank are now taking commitments from banks to finance Belwind's 330 MW offshore wind farm following the European Investment Bank's decision to commit EUR300 million ($397.75 million) to the project last Tuesday.