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Intergen Completes Financing On 900-megawatt Magnolia Energy Project

InterGen announced the financial close of credit facilities for the Magnolia Energy Project, a 900-megawatt, natural gas-fired, combined cycle power facility located near the town of Ashland in Benton County, Mississippi. Magnolia is scheduled for commercial operations in July of 2003.InterGen, a joint venture of Shell and Bechtel, raised $430 million of financing for Magnolia, consisting of a $405 million loan plus a $25 million LC facility. Magnolia is InterGen's third North American project utilizing a borrowing base concept. The financing was very well received, testifying to the strong acceptance of InterGen's borrowing base approach. By standardizing the documentation, InterGen was able to fund the project in less than two months from the time that the financing was commenced.

Bechtel-built Cogeneration Facility Fires Up In Texas

Conoco Energy Solutions announced the start of commercial operation at the SRW Cogeneration Limited Partnership facility in Orange County, Texas.

Bechtel To Provide Epc Services For Australia's Comalco Alumina Refinery

Mining concern Rio Tinto Ltd. has approved development of the Comalco alumina refinery in Queensland and has chosen Bechtel to provide engineering, procurement, and construction for the ambitious project, which should strengthen Australia's position as the world leader in the aluminum industry.

Calpine Acquires Bechtel's Fifty Percent Interest In Calpine/bechtel Joint Development Energy Center

Calpine Corporation [NYSE:CPN], the nation’s leading independent power company, announced that it has completed a transaction with San Francisco-based Bechtel Enterprises Holdings, Inc., and has acquired Bechtel’s fifty percent interest in the Calpine/Bechtel Joint Development energy center projects. With this transaction, Calpine has acquired Bechtel’s development rights, equipment and assets for all of the joint development projects. 

Intergen Completes Financing And Breaks Ground On 1100-megawatt Redbud Energy Project In Oklahoma

InterGen announced the financial close of credit facilities for the Redbud Energy Project, an 1100-megawatt (MW) natural gas-fired, combined cycle power facility located near Luther, Oklahoma. With an estimated cost of approximately $740 million, Redbud is one of the single largest one-time private sector investments in the state of Oklahoma in over a decade.

Citadon, Inc. Successfully Completes Financing Of $19 Million Led By Warburg Pincus

Citadon, Inc, the leading provider of Internet- based project collaboration and business process management services for the engineering and construction industry, today announced that it has raised an additional $19 million in financing from an investment group led by Warburg Pincus LLC. The round also included additional investment by existing backers including GE Power Systems, GE Capital, Bechtel Enterprises and Internet Capital Group.

Bechtel Telecoms Selected By Microsoft As Early Adopter For Pocket Pc 2002

Bechtel Telecommunications today announced an agreement with Microsoft Corporation to integrate Bechtel project tracking software with Microsoft's new Pocket PC 2002 solution. This application is expected to speed delivery of advanced Bechtel management services to customers. Bechtel Telecommunications is a unit of Bechtel Corporation, one of the world's premier engineering, construction, and management organizations. 

Construction To Begin On 600-megawatt Metcalf Energy Center

Calpine Corporation (NYSE: CPN), the San Jose, Calif.- based independent power company, and San Francisco based Bechtel Enterprises Holdings, Inc. announced the final approval of the 600-megawatt, natural gas-fueled Metcalf Energy Center (MEC) by the California Energy Commission (CEC) today. This unanimous decision comes after nearly two and one-half years and an unprecedented level of local, statewide and national support. 

An Innovative Public-private Venture Pays Off In Portland

Bechtel Telecoms And Ambient Start Powerline Telecommunications Testing Initial Results

Bechtel Telecommunications, a unit of Bechtel Corporation and a leading network engineering and construction firm, and Ambient Corp. (OTC ABTG: BB), the world leader in Powerline Telecommunications (PLT) technology, this week obtained results from initial large-scale testing and analysis of Ambient's proprietary PLT technology at the Idaho National Engineering and Environmental Laboratory (INEEL).