Project finance of new power plants in the UK hinges on the final structure of the government's proposed capacity mechanism. "We would hope that projects should be able to secure a debt-equity ratio in the region of 60/40, but the devil will be in the detail and we don't anticipate [regulatory] details being finalised until Q1 2014," George Grant, co-founder and director of Stag Energy told Gas to Power Journal in an interview.
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