Calpine completes financing for Mexican energy centre

The financing will fund the construction of the 525 MW generation project that Calpine is developing with partners Mitsui & Co., Ltd and Chubu Electric Power Co., Inc. Calpine has supplied two General Electric F-class combustion gas turbines in exchange for a 45 per cent interest in CGV. Valladolid III is expected to begin operations in mid-2006 and will sell its full output to the Comision Federal de Electricidad (CFE) under a 25-year power purchase agreement.

23 December 2004 – Enel SpA is ready to buy a five per cent stake in Electricité de France (EDF) as soon as the French government privatizes the company.