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  • A joint venture owned by Mitsubishi Corp., Hong Kong's CLP Holdings and state-owned Vietnam Electricity plans to seek some $1 billion in commercial bank financing to cover 40% of the cost of a 2 GW supercritical coal-fired project in Vietnam.
  • KGen will wait for the market turmoil to relent before concluding its sale process for its assets or the entire company.
  • Santee Cooper and South Carolina Electric & Gas will finance their $10.7 billion, 2.2 GW expansion of the Summer Nuclear Station in Jenkinsville with debt, equity and the Department of Energy's Loan Guarantee Program.
  • Biomass Group is looking for $160 million of tax equity for its 200 MW wood-fuel South Point, Ohio, project and is also considering selling the project outright.
  • Fall River, Mass.-based Ocean Renewable Power Company is seeking equity investors for its three maiden $122-148 million projects.
  • The Coega Development Corp., a South African government agency, is gearing up to issue a request for proposal aimed at international developers for a 3.2 GW gas-fired facility in Port Elizabeth, South Africa.
  • Dominion is looking to partner with BP Alternative Energy again on wind projects in Virginia.
  • Richmond, Va.-based renewables company Intrinergy and a partner have landed EUR34 million ($47 million) in senior secured debt for a cogeneration biomass project in Belgium.
  • The number of private equity investments and club deals for renewables will rise as lending costs soar in the wake of financial market turmoil, say industry bigwigs.
  • JPMorgan has closed the third securitization of a Spanish power tariff deficit worth EUR582.6 million ($771 million).