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The European Bank for Reconstruction and Development is planning to approve a EUR45 million loan ($69.4 million) for Electric Networks of Armenia.

The Bureau of Land Management held a competitive bid for the geothermal leasing of 105,312 acres in Nevada.

Solar technology developer SolFocus is planning on building a total of 10 MW in solar concentrator photovoltaic projects after bringing the first phase of a CPV project online in Spain last month.

Turbine manufacturer DeWind Inc. is seeking $20 million in tax equity financing for its 10 MW Little Pringle I wind farm in Hutchinson County, Texas.

Gregory Power Partners, the owner of a 400 MW gas-fired cogeneration facility in Gregory, Texas, is up for sale.

Geneva-based alternative investment specialist Inoks Capital is adding capacity to Ancile, its $100 million commodity financing fund, because tightening credit and rising commodity prices have led to more lending opportunities.

Goldman Sachs and JPMorgan have been hired by the Los Angeles Department of Water and Power to explore merger or divestment options for its fossil fuel and transmission assets. The banks were selected from a competitive bid process and the LADWP board has approved the firms.

Solar developer Ausra has tapped industry veterans from 3M and Vestas American Wind Technology for two new senior roles and named the former head of Public Service Co. of New Mexico to a new director slot as it continues to expand. Jeff Melby, business director in 3M’s precision optics unit, will take on the new role of senior v.p. of research and product development, effective Aug. 18. “Bob Fishman, [ceo of Ausra], has talked about making solar thermal electricity as cheap as, if not cheaper than, natural gas-delivered energy,” Melby says. “Ausra, like any business, is building a product, and I am well versed [in] that road map.” Melby will relocate from St. Paul, Minn., to Palo Alto, Calif. “We see a business that’s ready to explode,” says John O’Donnell, executive v.p. “We’re building this team to be able to scale up rapidly in the market,” he adds. Also joining are Debra Olson, v.p and general counsel to Vestas American Wind Technology and former senior v.p. and general counsel at Calpine, and Benjamin Montoya, former chairman, president and ceo of PNM. “His experience in the American electric power industry will help us very much in improving our connection with our customers and the industry,” say O’Donnell.Ausra is developing its 177 MW Carrizo project in San Luis Obispo County, Calif., west of Bakersfield set to come online in 2010 (PFR, 11/9). That plant has a 20-year PPA with Pacific Gas & Electric. In June, it opened a solar collector manufacturing facility in Las Vegas that will be able to produce 700 MW worth of mirrors for solar plants when it ramps up to full operation in 2010.

David Nadelman, managing director of loan and high yield markets at Royal Bank of Scotland, has moved to the new position of head of leveraged loan and bond syndicate with the merging of ABN Amro’s syndications team with the bank.

The initial public offering of Sohar Power Co., was oversubscribed 21 times, for a total of more than OMR280 million ($727.4 million) in subscriptions.