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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

PSEG India Plant Begins Producing Power

LCG, June 12, 2001--Tanir Bavi Power Co., a joint venture between the PSEG Global unit of U.S. utility holding company Public Service Enterprise Group and the GMR Vasavi Group of India, announced yesterday that it had begun simple cycle operation of 170 megawatts of its planned 220 megawatt combined-cycle plant located on a barge south of Mangalore in the state of Karnataka, India.

A joint venture of PSEG Global and GMR Vasavi Group will operate the plant, which is expected to begin combined cycle operation in July.

The barge was assembled by Hyundai in Korea and then shipped to the Mangalore Coast. Tanir Bavi Power Co. has a power purchase agreement with the Karnataka State Electricity Board andescrow support from the Karnataka Power Transmission Corporation Ltd.

If PSEG runs into problems with the Karnataka State Electricity Board, similar to those which beset Enron Corp.'s Dabhol Power Co. with the Maharashtra State Electricity Board, the barge may make it possible to tow the whole operation to a more investor-friendly venue.

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