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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

U.S. Firm to Revive Arun III Hydroelectric Project

LCG, Aug. 14, 2000--Eurorient, a Los Angeles-based investment company, will invest $1.5 billion in construction of the dormant 402 megawatt Arun III hydroelectric project in Nepal, government officials in Katmandu said yesterday.

Construction will begin next year and is expected to take up to seven years to complete. Building the plant was to have begun in 1995, following completion of design and feasibility studies, but the World Bank pulled out of the project after bowing to pressure from environmental groups who said it would create an "ecological imbalance" in the Himalayas.

The Arun III project is expected to partially remedy an economic imbalance in the region. Nepal is one of the worlds poorest nations and has almost nothing of value to export -- 1997 estimated exports of just $419 million do not include unrecorded trade along the border with India.

Eurorient said it is exploring the possibility of exporting power to the Indian state of Bihar, which has an excess of demand over supply of some 15,000 megawatts. Ten percent of the revenue from power exports would go to the Nepalese government.

Construction will begin with building 80 miles of mountain roads to gain access to the Arun Khola River in eastern Nepal.

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