Power Plant Financing Completed

Edison Mission Energy of Irvine said it has completed financing for a $400-million, 700-megawatt power plant in Thailand.

The Tri Energy plant is Thailand’s first independent power project to close financing in 1998. A consortium of nine international banks will provide financing, supported by the U.S. Overseas Private Investment Corp. and Japan’s Ministry of International Trade and Industry.

Edison Mission Energy owns 25% of Tri Energy. Its partners in the project, Texaco Global Gas & Power and Banpu Public Co. Ltd., each own a 37.5% interest.