Reuters reports today that Mirant is raising $1.2 billion in foreign financing for their Sual and Pagbilao plants in the Philippines.
Hmmmm … I knew something was up. My phone has been ringing for the past week – callers from New York.
Reuters reports (for whatever that’s worth) that this represents half the estimated asset value.
$1.2 billion x 2 divided by 1935 MW ==> $1,240/kW
Interesting valuation.