- NTE Energy, a power developer and energy services provider, announced today that its affiliate NTE Ohio, LLC (“NTE”), has successfully closed $645 million in project financing for construction and operation of its Middletown Energy Center.
- NTE Energy, through its affiliates, develops and acquires strategically located electric generation and transmission facilities within North America.
- Capital Dynamics’ CEI team holds extensive expertise in investing, financing, owning and operating conventional and clean energy businesses globally.
- NTE Energy, through its affiliates, is actively developing three projects located in West Texas, Southwest Ohio, and North Carolina as well as pursuing early-stage opportunities in several other locations.
- The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation.
Chinese cash could fund Scottish construction
- CHINESE investors could be attracted to plough hundreds of millions of pounds into key Scottish infrastructure projects – such as road upgrading and connecting offshore wind farms to the grid – on the back of moves to encourage foreign involvement in the HS2 high speed rail project.
Earlier this year it was revealed that Scotland is becoming a hotspot for Chinese property investors looking for an alternative to London with Edinburgh in particular attracting interest.
- Michael Watson, an infrastructure and projects lawyer at Pinsent Masons, said the visit could also have a knock-on impact north of the Border but only if Scotland is able to present an attractive investment proposition for the Chinese.
- Chancellor George Osborne this week travelled to China to try and attract investors there to bid for seven contracts worth £11.8 billion in total covering the first phase of HS2, between London and Birmingham.
- The key is to have projects which are visible, well developed and ready to be invested in, because we are competing in an extremely competitive global market and the Chinese and other overseas investors have a wealth of options on where to put their money.”
Watson said projects of sufficient scale which could interest Chinese investors include the A9 Perth to Inverness dualling project and rail electrification programmes.
Birmingham bins £1.5bn Carillion green deal Ι Construction Enquirer
- Birmingham City Council has torn up its green deal contract with Carillion, originally trumpeted as worth £1.5bn when signed in October 2012.
- The council took the decision this week to terminate the Birmingham Energy Savers programme in reaction to the Government’s decision to axe funding in July for the national Green Deal Finance Company and the Green Deal Home Improvement Fund.
- The eight-year contract was estimated to be initially worth up to £600m for Carillion.
- To share your stories email Grant Prior or Aaron Morby… always off the record
- At the time there were high hopes that this service agreement would be rolled out to the wider West Midlands area making it worth up to £1.5bn over the period.
Art, design and architecture: what to see in autumn 2015
- The last British Art Show was the best so far.
The dynamism, unexpectedness and sheer abundance of the art market makes these art fairs a window on the new – and the old.
- Jonathan Jones
Groundbreaking attempt to place pop art in its global context or another rehash of familiar names and images?
- This long-overdue survey should allow us to focus more on the art, less on the man.
- The spiritual art of the past echoes in his work – martyrs, triptychs, meditation, all that sacred jazz.
£22m Worcestershire Parkway gets green light Ι Construction Enquirer
- Members of Worcestershire County Council’s Planning and Regulatory Committee have rubber stamped the plans to build Worcestershire Parkway, near Junction 7 of the M5 for Worcester.
- Contractor Osborne has got the green light to start work on a new £22m rail station in Worcestershire.
- Osborne will build a single platform on the Cotswold Line and two platforms on the Birmingham to Bristol Line.
- Under the plans, the proposed station in Norton would include up to 500 car parking spaces, with provision for people with disabilities, bus stops and a taxi rank.
- Work on the station, which will link the Cotswolds and Birmingham to Bristol lines, is being paid for by both the county council and the Worcestershire Local Enterprise Partnership.