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Investec announces successful €300m financing of the Tynagh CCGT

In response to Ireland’s power generation capacity requirements, the Commission for Energy Regulation (CER) launched a Capacity Competition in 2003 with the aim of bringing new generating capacity into the marketplace. Tynagh Energy Ltd. (TEL), was one of four bidders under the CER’s Capacity Competition and on 26 November was notified that it had been selected as provisional preferred bidder by the CER. The preferred bidder appointment was subsequently formalised in December 2003.

31 Aug 2004 – UK’s National Grid Transco plc (“NGT”) today announced that it has reached agreement on the sale of four of its regional gas distribution networks, some of which will be sold to groups including electric utility interests.