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Article: United States: SNC-Lavalin invests in New York City natural gas power plant.
- Article from:
- TendersInfo
- Article date:
- July 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
SNC-Lavalin announced today that its wholly owned subsidiary, SNC-Lavalin Generation Inc., has signed an agreement to invest approximately US$70 million for a 20% interest in Astoria Energy II to develop, own and operate a new natural gas power plant in greater New York City. Financing for over US$1 billion has just been closed with 13 international financial institutions jointly led by Natixis, WestLB AG, Export Development Canada, Calyon, Societe Generale Americas Securities, Bank of Tokyo-Mitsubishi UFJ and Union Bank, NA.
In July last year, Astoria Energy II was awarded a 20-year tolling agreement by the New York Power Authority ...