If this is true, then this is big news.... Just a summary for...

If this is true, then this is big news....

Just a summary for those who don't know;

- KSPI was a $118m project which was funded by approximately $100m of debt from Societe Generale and the Clean Energy Finance Corporation. The remained was funded by ARENA (approximately $9m) and equity (raised $7.5m but had cash of $13m at the time).
- KSPII was going to follow suit and be funded as a separate project but in the end got lumped in with the PHS project (most likely because of the NAIF funding opportunity).
- Awhile ago it seemed that there was some information that was announced through IJGlobal that was then pulled, in this article a young associate at Genex called Harrison Holihan said that Grant Samuel was going to be the financial advisor for KSPII, that Societe Generale was also working on the debt, but that they would need another bank to help support the debt portion. Holihan also stated a Power Purchase Agreement would be signed in the coming months (hasn't been) and that if they manage to do this that debt will most likely be around the 70 - 85% mark. I won't go in to why this hasn't been released to the market.
- The lumped project (KSPII + PHS) will cost around $750m to build ($450 KSPII + $300m PHS). From the most recent report by SelectEquities they have assumed that a SPV equity partner will provide $430m for a 50% interest with the rest coming from other sources of funding. My pick is that this may have changed with the new NAIF information that has come to light, but we will see.

Exciting times.