An international consortium of CMS Energy, Birla Group of India, Siemens Project Ventures, Unocal and Woodside Petroleum was selected to build a 1,886 MW power plant and 2.5 million tons-per-year liquefied natural gas (LNG) terminal in Ennore, Tamil Nadu, India.
San Diego Gas & Electric selected a partnership of Dynegy Inc. of Houston and NRG Energy Inc. of Minneapolis as the winning bidder to acquire the 951 MW Encina power plant in Carlsbad, Calif. The Dynegy/NRG partnership agreed to pay $356 million for the plant and 17 peaking turbines, which represents a premium of 3.8 times book value for the assets. The Encina plant sale completes the sale of SDG&E`s fossil-fired generators.
Houston Industries Wholesale Energy Group and the city of Casa Grande, Ariz., have agreed to develop a 500 MW, gas-fired merchant power plant. Negotiations involve a 40-year sale/lease-back arrangement. The $263 million, Desert Basin Generating plant would provide power for sale in the wholesale market. Houston Industries` energy trading and marketing unit is expected to supply fuel and market output.