Banks Back Power Plant
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IRVINE — Edison Mission Energy Co. announced Wednesday that its Italian utility joint venture has won financing of up to $1.2 billion from a consortium of banks for construction of a 512-megawatt power plant near Siracusa in Sicily, Italy.
Edison Mission, a subsidiary of Edison International, owns 49% of the project. The rest is owned by an Italian refinery operator and its affiliate. Edison Mission, a sister company of Southern California Edison Co., specializes in developing, building and managing power production facilities.
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