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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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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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Industry News

Indian Buyers Seek 'Due Diligence' on Dabhol

LCG, Nov. 13, 2001--Tata Power Co and BSES Ltd. will start valuing the assets of Dabhol Power Co. assets in a few days in anticipation of a possible purchase of Enron Corp.'s majority stake, the Industrial Development Bank of India said yesterday.

The two Indian utilities hope to begin a "due diligence" inspection of financial records and operations with a view to arriving at a offer price for Dabhol's $2.9 billion power plant on the west coast of India, Reuters news agency said.

Tata and BSES hope to acquire Enron's 65 percent interest in Dabhol, plus the 10 percent each owned by General Electric Co. and Bechtel Enterprises, both of the U.S.

Enron has said it wants $1 billion for its 65 percent in Dabhol, but Indian sources say that 85 percent of the company could be had for around $800 to $900 million.

"The sale price of the shareholding of Enron and its associates in DPC would be decided by the concerned parties through mutual negotiations," the IDBI said in a statement.

Indian lenders to the Dabhol project account for about $1.4 billion of its debt, and they are casting a wary eye to news about Enron emanating from the U.S. They fear that if Enron is unable to sell its stake and terminates its contract with the Maharashtra State Electricity Board, it could end up defaulting on its loans.

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