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Showing posts with label financing details. Show all posts
Showing posts with label financing details. Show all posts

Water, Eyed As Growth Investment Sector


Water. Turn on the tap, and there it is. Yet to make that happen is not so simple. Providing a dependable supply of clean water is a business growth sector for investment opportunities.

Challenges in water supplies, emerging technologies and the need for substantial capital investment, strategic alliances and acquisitions are some of the topics presented at the Water Investment World North America conference on Feb. 23 through Feb. 25 at Bridgewaters, New York, NY. Produced by Terrapinn, cost to attend, $4,395 to $1,535.

Speakers include Patrick Cairo, executive vice president, Suez Environment; Thomas Paolicelli, executive director, New York City Municipal Water Finance Authority; Doug Scott, managing director, Fitch Ratings; Eugene Schiller, deputy executive director, Southwest Florida Water Management District; Ken Kirk, executive director, National Association of Clean Water Agencies; Kevin Ward, executive administrator, Texas Water Development Board; Teresa Daniell, interim general manager, Washington Suburban Sanitary Commission.

Federal concerns that include developing market-based sustainable solutions for water infrastructure financing and management, along with water efficiency in sustainable water systems, detailed by Michael Deane, deputy assistant administrator for water, U.S. Environmental Protection Agency (EPA).

Private equity and project finance for infrastructure will be covered by Larry Chertoff, director, Alinda Capital Partners, and Robert Dove, managing director, infrastructure, Carlyle Group.

International investment opportunities in the private sector including legal and regulatory challenges and creating and maintaining partnerships with water operators round out the presentations.

Construct, Operate Peak Power, GenConn LLC

GenConn Energy LLC, a 50/50 joint venture between NRG and The United Illuminating Company, secured contracts in 2008 with Connecticut Light & Power to construct and operate two 200 MW peaking facilities at NRG's Devon (Milford) and Middletown sites.

Devon is scheduled to come on line by June 2010 and Middletown should reach commercial operations by June 2011.

GenConn Energy LLC has secured all state permits required for the projects and has entered into contracts for engineering and procurement of the eight GE LM6000 combustion turbines required for the projects.

NRG Construction LLC serves as construction manager for the two projects and receives a fee for its services. GenConn Energy LLC expects to close on financing of the projects in the first half of 2009.

The projects are part of "Repowering NRG" to optimize existing facilities with new, efficient and environmentally responsible power generation.

John Ragan is president of NRG Energy's Northeast Region.

NRG has four major sites in Connecticut, Middletown, Norwalk, Milford and Uncasville; smaller power stations, Cos Cob, Branford,and Torrington. NRG is a wholesale power generation company.