First round of funding for hydroelectric project completed

Apr 18, 2012

Green Planet Group Inc. has completed the first round of financing for its $1.2 billion, 800 MW Pump Storage hydroelectric Project in Arizona.

Alabama-based Porter Capital Corp. agreed to provide the funds to establish a security deposit which will trigger two additional large investments culminating in a total investment of $240 million. These investments represent approximately 20 percent of the total estimated cost of construction.

Green Planet Group acquired the project in August 2011 when it purchased Arizona Independent Power LLC.

Headline News

	Weekly Coal Production
	The Federal Reserve Bank of Dallas' Economic Indicators
Kvaerner awarded contract for gas-fired power plant in Delaware
Canadian Solar purchases two solar projects
Operators Restart Unit 2 at PPL Susquehanna
Settlement agreement limits cost recovery at Edwardsport
Toshiba in talks to sell portion of Westinghouse nuclear unit
Utah nixes nuclear waste storage facility
NuScale taps Fluor exec for CEO
Japan set for nuclear showdown

Latest News

	Weekly Coal Production The Weekly Coal Production shows how much coal is being produced across the U.S.
	The Federal Reserve Bank of Dallas' Economic Indicators The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...
Kvaerner awarded contract for gas-fired power plant in Delaware Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...
Canadian Solar purchases two solar projects Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...
Operators Restart Unit 2 at PPL Susquehanna Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...
Settlement agreement limits cost recovery at Edwardsport The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...
Toshiba in talks to sell portion of Westinghouse nuclear unit Toshiba Corp is in talks to sell up to 16% of its stake in the Westinghouse Electric Co...
Utah nixes nuclear waste storage facility Plans to park radioactive waste at a storage facility in Utah have been officially called off.

More Power Generation News >>

Webcasts

Liberalisation and Decarbonisation: Roadmap or Roadblock?
Making the Change to Meet EPA Effluent Limitation Guidelines
Coal-to-Gas Switching: What You Need to Know to Make the Investment
Lubrication Challenges for Gas Engines in Sour Gas Application
Emissions Control: Understanding Your Options

More Webcasts >>

BUYERS GUIDE

MORE BUYERS GUIDE LISTINGS >>

Power Engineering Topics

Latin America	Nuclear	Business
Coal	Distributed Generation	Environmental Services
Gas	O&M	New Projects
Renewables	Emissions

Power Engineering Resource Center

Advertise

About Us
Buyers Guide

Continuing Education

Current Issue
Past Issues Archive

2012 Editorial Calendar

2012 Print & Digital Media Kit
Current BPA Circulation Statement

Weekly Newscast
Suppliers Showcase
Classifieds
Cogeneration & On-Site Power Production

Watch POWER-GEN 2012

Featured Whitepaper

	Top 6 places to look for energy losses in commercial buildings. A typical scan can show energy saving opportunities of up to 15%
	Vibration Monitoring of Pumps
	Vibration Monitoring of Cooling Towers

More Whitepapers >>

Power Engineering

Topic Index

View Power Engineering articles by topic, A-Z

Article Archives for Power Engineering Magazine

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

TOPICS

ABOUT US

RESOURCES

SUPPORT

Please fill out the remaining fields to complete your registration.

First Name Last Name

Job Title

Company

Country

By clicking 'Register' you are indicating that you have read and agree with our Terms & Conditions and Privacy Policy.

Or, login with your PennWell account:

Or, register with us using the form below:

First Name Last Name

Password

Job Title

Company

Country

By clicking 'Register' you are indicating that you have read and agree with our Terms & Conditions and Privacy Policy.

Enter your email address below and click Submit to receive password reset instructions via email.

An email has been sent to .

Please follow the instructions in the email to change your password.

Your account has been created and you are now logged in.

It looks like you've already registered with . Please login below to link your accounts.

Thank you for registering. An email has been sent to with instructions on how to verify your account.

The specified email address, , needs to be verified in order to login.

An email has been sent to with instructions on how to verify your account.

/content/pe/en/articles/2012/04/first-round-of-funding-for-hydroelectric-project-completed.resendverification.html

First round of funding for hydroelectric project completed

Headline News

Latest News

Current Magazine Issue

Webcasts

Top Blog Posts

BUYERS GUIDE

Top 10 Articles of 2012

Power Engineering Topics

Power Engineering Resource Center

Editors Picks

Watch POWER-GEN 2012

Featured Whitepaper

Power Engineering

Topic Index

Archived Articles

Continuing Education