Largest private financed project in Italy

Article Abstract:

Agreements on the financing of Italy's biggest combined gasification and power project, Sarlux, were signed in December 1996. The plant will generate 550 MW of electricity from gas from refining residues and is due to come into operation in 1999. Saras, the owner of the local Sardinian refinery, lead the project for which a total debt of approximately $1.3 billion has been raised. The Sarlux project is one of 11 large independent power producer projects (IPPs) in Italy. IPPs will continue to be important in the Italian electricity industry but expansion in the immediate future may be limited.

Italy, Energy policy

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Philippine first gas-fired power plant

Article Abstract:

First Gas Power Corp has been able to raise $680 million towards the $890 million cost of constructing a 1,000 MW gas-fired power plant at Batangas, Santa Rita, Philippines, through a project financing deal structured by JP Morgan. US institutional investors contributed $160 million, with Philippines commercial banks contributing $110 million. Some $190 million was raised in the form of a loan from Kreditanstalt fur Wiederaufbau.

Energy use, Design and construction, Philippines, First Gas Power Corp.

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