-
June 2013
Melec PowerGen has approached the IFC for debt to support the construction of the 87.5MW Tobene heavy fuel oil power plant in Senegal.
-
A Cheung Kong Infrastructure-led consortium has agreed to buy the AVR Afvalverwerking waste-to-energy business from Van Gansewinkel Groep for Eu944 million.
-
Egyptian steel producer EZZ Steel has signed a syndicated top-up loan with a group of local banks to part-fund its direct reduced iron project at Sokhna-Suez.
-
China Machinery Engineering Company (CMEC) has approached Chinese lenders for financing for a $1.3 billion expansion to the Hwange coal-fired power station.
-
AES Gener is planning to launch a financing this year for its $1.4 billion 531MW Alto Maipo run-of-the-river hydro project.
-
Isolux Corsán, Enex and Engevix have won a contract to build the Eu760 million ($1 billion) Mollo hydroelectric project in Peru.
-
Canada’s federal government will contribute C$58.5 million ($57.5 million) from the P3 Canada Fund to help upgrade the city of Regina’s wastewater treatment plant
-
The cost of the Rio Tinto-led Simandou iron ore project could rise to as much as $20 billion
-
InterGen has closed a $1.8 billion refinancing after its sponsors contributed additional equity to the portfolio
-
AXA Investment Managers has launched an infrastructure debt group to manage a proposed Eu10 billion infrastructure debt portfolio
-
Saudi Aramco and Dow Chemical signed the remainder of the $12.5 billion financing for the Sadara petrochemical complex on 16 June.
-
Odebrecht Oil & Gas has postponed a $1.88 billion issue by Odebrecht Offshore Drilling Finance
-
The Macquarie Korea Opportunity Fund has made its fourth investment by acquiring an 80% stake in Korean waste treatment company Daegil Industrial
-
Philippine National Oil Co (PNOC) has enlisted the help of the Philippine’s PPP Centre to conduct a feasibility study for the $2.1 billion Batman 1 natural gas pipeline
-
Shortlisted bidders for the Hanthawaddy International Airport PPP project have started preparing bids
-
The Norwegian municipality of Akershus has launched a PPP tender for a new secondary school in Jessheim
-
Karnalyte Resources has mandated BNP Paribas and Natixis to lead a $300 million loan for its Wynyard potash project in Saskatchewan
-
OHL expects to sign a 30-year contract for the Puerto del Valparaiso concession as soon as July.
-
SouthWestern Power Group II has completed permitting on its $1.5 billion SunZia Southwest Transmission line
-
The UK's Department for Transport has confirmed the award of the Thameslink rolling stock contract to the Siemens-led Cross London Trains consortium.
-
A consortium led by Cennergi has closed the financing for its R2.75 billion ($223 million) Tsitsikamma community wind farm.
-
The Compania Nationala De Autostrazi Si Drumuri Nationale din România has shortlisted five bidders on the Craiova-Pitesti road PPP
-
Samsung has picked Canadian Solar as engineering, procurement and construction (EPC) contractor for its 130MW Grand Renewable solar photovoltaic project
-
Lundin Mining is likely to draw on its $350 million revolving credit facility to meet part of its $325 million acquisition of the Eagle nickel-copper mine in Michigan.
-
The government of Western Australia has shortlisted two bidders following a request for proposals for the A$300 million Esperance port expansion project.
-
Goldman Sachs’ private equity arm has invested another $135 million into ReNew Wind Power, a Mumbai-based wind farm operator.
-
The Foothill/Eastern Transportation Corridor Agency is close to launching a $2.4 billion refunding bond issue after receiving investment grade ratings for its new senior bonds.
-
L&T-Sojitz has been awarded the contract to construct a 626km stretch of the much larger Western Dedicated Freight Corridor.
-
New Zealand’s Ministry of Education is understood to be favouring procuring a second schools project using a public-private partnership model.
-
Nicaragua's national assembly has ratified a 50-year concession agreement with HKND Group for a new canal connecting the Atlantic and Pacific oceans.
-
Australian Capital Territory treasurer Andrew Barr has committed to support the Capital Metro light rail project.
-
The consortium developing the $5 billion Star Rafineri project has approached the European Bank for Reconstruction and Development and International Finance Corporation for financing.
-
Wpd's 415MW Kaikas offshore wind project has won the approval of the German Federal Maritime and Hydrographic Agency (BSH).
-
Italian gas transmission operator Snam Rete Gas has approached the European Investment Bank for Eu165 million in debt towards its third upgrade programme.
-
EDP Renovaveis has signed a 20-year power purchase agreement with Indiana Michigan Power for its Headwaters wind farm.
-
An Aldwych International-led consortium is looking to sell a share of equity in the Lake Turkana wind project in Kenya as it firms up the project’s financing.
-
Infrastructure Ontario has awarded EllisDon a C$54 million build-finance contract for Public Health Ontario’s new Toronto laboratory at MaRS Centre Phase 2.
-
Odebrecht has begun shaping a $700 million debt financing for its Vías Nuevas de Lima toll road concession.
-
The sponsors of the Open Grid gas transmission acquisition have closed its combined Eu2.7 billion ($3.6 billion) bank and bond refinancing.
-
The Asian Development Bank and International Enterprise Singapore have signed a commitment letter to set up a new South-East Asian infrastructure advisory unit.
-
Cheniere Energy is buying a 50% stake in the proposed Octopus liquefied natural gas import terminal in Chile.
-
New York State's controller has demanded more control over the implementation of public private partnerships if the state passes legislation permitting their use.
-
Colombia’s National Infrastructure Agency (ANI) has awarded CSS Builders a Ps59.6 billion ($31.3 million) concession for the Loboguerrero – Buga highway.
-
Cobra and Enersa are looking to launch a $155 million US private placement in September for their 200MW Eten cold reserve diesel and natural gas-fired project.
-
Enercap has closed a Eu59 million ($78.4 million) debt financing for its 42MW Obrovac wind farm in Croatia.
-
The LongRiver consortium failed to lodge an improved bid for UK water company Severn Trent by the time its regulatory deadline expired.
-
Zimbabwe Power Company (ZPC) has approached the China Export Import Bank (Chexim) about part-funding the Kariba South hydropower project.
-
The European investment bank (EIB) is considering lending to the M8/M73/M74 concession under its Europe 2020 ProjectBond Initiative.
-
Only one bidder has submitted an application for prequalification for the Ps5.7 billion ($132 million) Philippine Orthopedic Centre project.
-
The GDF Suez-led Moyeng Energy consortium has reached financial close on the 94MW West Coast 1 wind farm in South Africa.
-
A GDF Suez-led consortium expects to reach financial close on two open-cycle gas turbine power plants in South Africa before the end of July.
-
The Hellenic Republic Asset Development Fund received no bids for the privatisation of Public Gas Corporation after Gazprom pulled out of the process.
-
The Los Angeles Department of Water and Power (LADWP) is preparing to issue a tender for a 200MW solar photovoltaic project on land owned by the agency.
-
The US Bureau of Ocean Energy Management (BOEM) will host its maiden renewables lease sale, in auctions in late July.
-
MidAmerican Energy has launched the $700 million first series of bonds for its Antelope Valley solar photovoltaic project.
-
Natixis has signed a memorandum of understanding with CNP Assurances that covers the origination of a Eu2.2 billion portfolio of infrastructure debt.
-
Sunridge Gold has mandated Endeavour Financial as its financial adviser for the Asmara copper-gold-zinc mine in Eritrea.
-
A joint venture between GDF Suez and Sojitz is expected to be confirmed as preferred bidder on the MIrfa independent water and power project this month.
-
Amata B. Grimm Power Group and SPCG are understood to be planning to raise a combined Bt11.7 billion via seperate infrastructure funds in the second half of 2013.
-
State-owned utility Power Grid Corporation of India is in talks with the International Finance Corporation about providing funding for new rural electrification and power distribution projects in Myanmar.
-
A TAQA-led consortium expects to launch the bond for its Shuweihat 2 independent power and water project in the next two weeks.
-
Malaysian national power company Tenaga has reached financial close on the 1,071MW Prai combined cycle power project.
-
Whysol Investments has closed a Eu62.3 million ($82 million) project financing with Intesa for its 39MW Matisse wind farm.
-
The Philippines’ Metropolitan Waterworks and Sewerage System will launch a tender for the New Centennial water source project towards the end of Q3.
-
Ram Power has obtained a short extension to a San Jacinto-Tizate construction loan, which had been scheduled to convert to a term loan on 2 June 2013.
-
Mobile Telecommunications Company Saudi Arabia (Zain Saudi) has refinanced its junior debt facility with a new three-year loan.
-
FCC has agreed to sell its 50% stake in the Proactiva Medio Ambiente water business to Veolia.
-
Riverstone Capital has launched a $380 million refinancing of its Sapphire Power Holdings portfolio in the US.
-
Mainstream Renewable Power and Actis have launched a venture to deliver 600MW of wind and solar projects in Chile.
-
Seaborn Networks has mandated Natixis as equity adviser on its $425 million Seabras-1 fibre-optic cable project from New York to São Paulo.
-
Energias de Portugal has closed a Eu450 million ($594 million) securitisation of electricity tariff deficit payments.
-
Tesoro Corporation has closed the $2.425 billion acquisition of BP's Carson refinery in Los Angeles, California.
-
Perdaman Chemicals and Fertilisers has started talks with a new coal supplier for its Collie urea project in Western Australia.
-
Canadian Solar has agreed to sell four solar photovoltaic projects in Ontario to BluEarth Renewables.
-
OHL Mexico is preparing to raise about $650 million in a primary equity offering. It expects to price the shares of stock on the Mexican exchange later this month.
-
A consortium led by Industry Funds Management has closed a A$5.07 billion ($4.8 billion) financing to support the privatisation of ports Botany and Kembla.
-
The IFC has provisionally agreed to provide debt to Singapore-based Moya Asia for its $120 million freshwater treatment project in Tangerang, Indonesia.
-
The Indian Border Roads Organisation has invited bidders to submit applications for prequalification for the Rs.9990 billion ($1.75 billion) Zozila Tunnel project.
-
Argent Energy Trust has closed a $75 million convertible bond financing to fund development of its acreage in the Eagle Ford shale play in Texas.
-
Terra-Gen Power has closed a $550 million debt financing for its Alta X and XI wind projects.
-
The Australian state of Victoria has issued a request for expressions of interest in the Ravenhall prison PPP project.
-
Global Infrastructure Partners has closed the $1.929 billion acquisition of a 35% stake in Terminal Investments Limited.
-
Bluefield Partners has launched a £150 million offering of shares in a UK-focused solar fund.
-
Idemitsu Kosan, Mitsui Chemicals, Kuwait Petroleum and PetroVietnam have closed the $5 billion debt financing for the $9 billion Nghi Son refinery project.
-
Infrastructure Ontario (IO) has issued a request for qualifications for the Cambridge Memorial Hospital redevelopment project.
-
Pattern is looking to close a financing in the third quarter for the first phase of its 1,000MW Panhandle wind project in Texas.
-
Gunvor has closed an $850 million revolving credit for its Singaporean subsidiary.
-
Greenleaf Power has bought the 19MW Tracy biomass plant in California from US Renewables Group.
-
Asian Mineral Resources says it is negotiating a $20 million project finance loan with Lien Viet Post Bank for its Ban Phuc nickel project in Vietnam
-
Etisalat Nigeria has closed on a $1.2 billion refinancing of a $650 million debt facility that it signed in 2011.
-
The Jasper Power Company reached financial close on the R2.3 billion ($260 million) Jasper solar photovoltaic project on 30 May.
-
The end of drought conditions in the Australian state of Victoria is contributing to poor revenues on the Basslink interconnector.
-
Vinci and DIF Infrastructure III have closed the Eu144 million ($188.6 million) debt financing for the Toulouse Mirail PPP.
-
The sponsors of the Sadara petrochemicals project still have to decide the exact debt contributions from banks and export credit agencies towards its $20 billion cost.
-
Chile’s Ministry of Public Works (MOP) has awarded Sacyr the concession for the Route 43 upgrade project.
-
Kedco has picked Foresight Group to put together the debt and equity financing for the 12MW Enfield biomass-fired combined heat and power plant.
-
Advanced Power and Siemens Project Ventures have resumed work on winning the permits for their Eu750 million Dils combined-cycle gas turbine project.
-
Pacific Drilling has closed the $2 billion bond and bank refinancing of four ultra-deepwater drillships.
-
Caltrans and the Los Angeles County Metropolitan Transportation Authority have issued a request for qualifications on their regional transportation improvements concession.
-
Orascom Construction Industries plans to contribute its Texas methanol plant to a new master limited partnership and offer units in the partnership in June.
-
The Macquarie International Infrastructure Fund and the Macquarie Korea Opportunities Fund have completed the S$1.1 billion ($877 million) spin-off of the Asia Pay Television Trust
-
Exemplar Health has closed the financing for the roughly A$630 million ($608 million) Bendigo hospital concession
-
Swedish developer O2 has agreed to sell the 72MW Maevaara wind farm to Allianz Capital Partners.
-
Tata Steel has closed a 10-year Rs220 billion ($3.9 billion) financing to support the construction of the first phase of its Kalinganagar steel
-
Good Energy has closed a £10.6 million ($16.2 million) project financing for its Hampole onshore wind project with Investec
-
Commerzbank, Crédit Agricole, RBC and Societe Generale have priced a Eu1.5 billion bond refinancing for the Open Grid gas transmission network
-
Barclays, Citigroup and Royal Bank of Scotland are near launch with a 144A bond financing for MidAmerican's 579MW Antelope Valley solar photovoltaic project
-
The Los Angeles County Metropolitan Authority (Metro) has received 18 expressions of interest in its proposed Sepulveda Pass Corridor
-
Aena plans to exercise its right of first refusal on Abertis' sale of 90% of Luton Airport.
-
Pennsylvania’s Lehigh County Authority (LCA) may use a tax-exempt issue to fund its acquisition of the 50-year lease of the city of Allentown’s water and sewer system.
-
Brazil's Agencia Nacional de Aviacao Civil (ANAC) has issued requests for qualifications for two airport concessions
-
Panterra Gold has closed a $12 million preferred equity financing with the Central American Mezzanine Infrastructure Fund
-
The US Senate has passed the Water Resources Development Act
-
Canadian Solar has closed a RMB270 million ($44 million) loan with China Development Bank for a 30MW project in western China
-
Iron ore developer Northland Resources has closed a $772 million debt restructuring on its third attempt
-
Deutsche Bank has sold its 10% equity stake in IRB Surat Dahisar Tollway
-
The Florida Department of Transportation has shortlisted four bidding groups on the I-4 Ultimate express lanes concession
-
BAM PGGM and OFI InfraVia have bought out 75% of the original equity on the A8 A-Model PPP in Germany.
-
Bilfinger says that it plans on selling its concessions unit because the PPP sector is no longer core to its business.
-
Centrica has sold its 50% stake in the 72MW Braes of Doune onshore wind farm to Hermes GPE
-
May 2013
The government of the Democratic Republic of Congo has shortlisted three consortiums for the proposed 4,800MW Inga 3 hydro plant project.
-
Melburne Airport has priced a A$225 million ($215.5 million) issue of seven-year medium-term notes under its A$1.5 billion MTN programme.
-
Transmission operator TenneT plans to use a local retail bond to part fund its Eu270 million ($350 million) west coast line transmission project.
-
The Gazprom-led Nord Stream consortium is working with BNP Paribas and UniCredit on a bond refinancing of the bank debt for its first phase pipeline.
-
RWE has approached the European Investment Bank for Eu500 million in debt to part-finance its Innogy Nordsee1 wind project off the coast of Germany.
-
LS Power has launched a $450 million refinancing of its LSP Madison power portfolio.
-
Infrastructure Ontario and PCL have reached commercial and financial close on the Humber College’s new learning resource commons.
-
Odebrecht Oil & Gas is launching a $1.88 billion bond refinancing of three ultra deepwater drill ships.
-
E.ON has taken its stake in Brazilian power developer MPX Energia to 36.2%.
-
An Equitix/Miller joint venture has reached financial close on the £47 million ($71 million) Inverness College project.
-
CBD Energy has launched a £7.5 million ($11.4 million) corporate bond issue to help fund its slate of UK renewables projects.
-
The North Carolina Department of Transportation plans to issue a request for proposals to four shortlisted bidders on the I-77 high occupancy toll (HOT) lane project imminently.
-
Panda Power Funds has bought majority stakes in Moxie Energy’s Liberty and Patriot gas-fired projects in Pennsylvania.
-
Energy Investors Funds is looking to close a $300 million financing for its 300MW Pio Pico peaking plant by year-end.
-
Innergex Renewable Energy has closed a C$72 million ($69.2 million) non-recourse financing for the Northwest Stave River hydro project in British Colombia.
-
Meridiam, Bouygues, Derwent Living and Legal & General have closed on the £190 million ($287.9 million) University of Hertfordshire student accommodation project.
-
Ironbridge Capital, the Australian private equity firm, has hired Fort Street Advisers to oversee a potential sale of waste processor Global Renewables.
-
EnergyAustralia, a subsidiary of Hong Kong-listed power company CLP Holdings, has agreed to sell a 75% stake in its 111MW Waterloo wind farm.
-
The federal government of Australia has issued a request for expressions of interest for a new A$800 million ($772 million) freight depot project.
-
FCC Construcción has sold a 39% equity and loan note interest in the South West Enniskillen hospital PFI project to HICL Infrastructure Company.
-
Northland Resources has terminated, and then proposed reopening, a restructuring that would have allowed it to bring its Kaunisvaara iron ore mine to completion.
-
African Eagle is winding up the project company for the Dutwa nickel mine project in Tanzania.
-
A consortium of FCC, Bilfinger Berger, Vialia and Macquarie is understood to be close to clinching preferred bidder status on the Mersey Gateway project.
-
The Qatar Electricity and Water Company has slightly pushed back the expected signing date of the financing for its $562 million Ras Abu Fontas A2 expansion.
-
Infrastructure Ontario has issued a request for proposals for the Hawkesbury & District General Hospital redevelopment project.
-
Gamesa is considering providing a construction guarantee to 137.5MW at Renovalia and First Reserve Energy Infrastructure Fund’s Piedra Larga wind project.
-
The government of Western Australia has shortlisted three bidders for the Perth stadium PPP project.
-
Goldis Berhad has been appointed preferred bidder for the upgrading of an existing sewage treatment plant in the Yanti Economic Development Zone, China.
-
3i Group has offered to buy Barclays' infrastructure fund management business.
-
Cheniere Energy Partners has closed an $8.9 billion debt package for the first two phases of its Sabine Pass liquefaction project in Cameron Parish, Louisiana.
-
The Belgian Building Agency (BBA) has awarded the Haren prison PPP concession to the Cafasso consortium, led by Denys, Macquarie and GlobalVia.
-
Inter Rao has bought the remaining shares in the Trakya Elektrik gas-fired power plant in Turkey, and has become its sole owner.
-
Abu Dhabi National Energy Company (TAQA) will be picking pre-qualified bidders for the EPC contract for a proposed 100MW waste-to-energy plant in the next two months.
-
Egypt’s PPP Unit has shortlisted four bidders for the E£5.5 billion ($794 million) Abu Rawash waste water treatment plant upgrade.
-
Goldman Sachs has signed a Y13 billion financing to fund the development of 40MW of solar photovotaic projects.
-
Spanish renewable developer Fotowaito Renewable Ventures is nearing close on its 20MW Royalla solar project.
-
The sponsors of Kuwait’s much-delayed Az Zour IWPP plant hope to close before the start of Ramadan, despite new political opposition to the project.
-
Infrastructure Ontario has shortlisted three groups for the St. Michael’s Hospital design-build-finance contract.
-
Sempra US Gas & Power is understood to have closed a $350 million financing for the latest phase of its Copper Mountain solar photovoltaic project.
-
BrightSource and Alstom have approached local and international lenders about a financing for the Eu575 million ($743 million) Megalim concentrated solar power plant in Israel.
-
The Indiana Finance Authority and the Indiana Department of Transportation have issued a request for qualifications for the Interstate 69 Section 5 concession.
-
Firestone Diamonds has approached the bank market to finance a $167 million treatment plant at its Liqhobong diamond mine in Lesotho.
-
A number of development finance institutions have committed to financing the Izmir Marine Transportation project in Turkey.
-
SSE Renewables and RWE Npower have received panning permission from the UK government for the 504MW Galloper offshore wind farm.
-
KfW IPEX has signed a Eu21.2 million ($27.4 million) loan agreement with the project company for the Karabuk steelworks in Turkey.
-
Enel Green Power has agreed to buy additional stakes in two operating US wind farms, the 235MW Chisholm View and the 200MW Prairie Rose.
-
K Road Energy has attracted six participants to a commercial bank tranche of a $550 million debt financing for its 250MW Moapa solar photovoltaic project.
-
Competitive Power Ventures (CPV) is seeking a mini-perm for its Woodbridge gas-fired project in the US.
-
The government of Queensland has shortlisted each of the bidders for the Queensland schools PPP project.
-
Origin Energy has opted against selling down part of its stake in the Australia Pacific liquefied natural gas project.
-
Bradford, Calderdale and North Yorkshire councils are seeking High Court judicial review of Defra's decision to withdraw PFI credits from their waste projects.
-
The Indiana state government is preparing a request for qualifications for the Interstate 69 Section 5 design-build-finance-operate-maintain concession.
-
Protests at Mareña Renovables in Oaxaca, Mexico, have continued to dog construction of the wind farm, causing significant delays.
-
With the financing for its Sabine Pass liquefaction project significantly oversubscribed, Cheniere Energy Partners has cut the pricing of the $5.9 billion bank tranche.
-
InterGen has launched $1.8 billion refinancing on the back of hefty equity contributions from its shareholders.
-
Qatar Holding, QEWC and Qatar Petroleum International have formed a joint venture, Nebras Power, to invest in foreign power and water assets.
-
ACWA Power has signed a binding letter of intent with Mitsubishi Corporation to buy its 6% shareholding in the Shuqaiq IWPP plant in Saudi Arabia.
-
The New Zealand Transport Agency is due to issue a request for proposals for the Transmission Gully road project by the end of this quarter.
-
The Indonesian Ministry of Energy and Mineral Resources has issued a tender for 21 oil and gas exploration blocks.
-
Northland Resources has tweaked the terms of a restructuring of its existing senior bond debt and the issuance of new senior bonds.
-
Dubal and Mubadala have closed the $4.5 billion Emal 2 financing, after signing the export credit agency portion of the debt.
-
The Texas Public Utilities Commission has approved Electric Transmission Texas’ proposed 345kV transmission line from Laredo to the Rio Grande Valley.
-
Alterra Power Corp. has formed a joint venture with Energy Development Corporation to develop one geothermal project in Chile and three in Peru.
-
Global Infrastructure Partners (GIP) and Fortistar have agreed an attractive margin for their refinancing of their Channelview cogeneration plant in Texas, USA.
-
Ireland's National Development Finance Agency plans to launch the tenders for 12 schools as the fourth and fifth schools bundles PPP concessions.
-
Circle Oil plans to use a $100 million senior reserves-based loan to fund work on its holdings in Egypt, Morocco, Tunisia and Oman.
-
Thai utility company PTT has received preliminary approval from the Vietnamese government for the construction of a new refinery and petrochemical plant in Binh Dinh.
-
Adelaide Airport Limited, the project company responsible for the operation of Australia’s fifth largest airport, has closed a refinancing.
-
HICL Infrastructure says it is in exclusive negotiations for five acquisitions worth more than £100 million ($150 million).
-
The Philippines Department of Transportation and Communication has prequalified all seven bidders on the PPP concession for Mactan Cebu airport.
-
Teekay and Marubeni are launching a $195 million bond refinancing of the Meridian Spirit liquefied natural gas tanker vessel.
-
The Florida legislature has expanded the scope of the state’s PPP programme to include transit, social and wastewater projects
-
Terra-Gen Power is looking to beat its 2012 benchmark with the pricing on the financing for its Alta X and XI wind projects
-
IMF Australia is backing a A$450 million ($440 million) class action on behalf of investors who bought shares in the BrisConnections public offering in 2008
-
The board of US Ex-Im has approved a $500 million direct loan to the Oyu Tolgoi copper and gold mine expansion.
-
The European Bank for Reconstruction and Development is considering providing Eu100 million in debt to the Etlik Hospital PPP
-
The NSW Ports consortium is aiming to reach close on the A$5.07 billion ($4.9 billion) privatisation of ports Botany and Kembla by 31 May.
-
EquiPower Resources Holdings has increased the size of a proposed term loan C to $635 million from $610 million
-
Pacific Drilling has priced a $750 million high-yield bond refinancing of four operational ultra deepwater drill ships
-
Municipal heating company MPEC Olsztyn has shortlisted five firms for the Olsztyn waste-to-energy project in Poland.
-
Colombian utilities ISA and EEB have closed the $450 million unsecured bond refinancing of their Consorcio Transmantaro transmission operator.
-
Carrizo Oil & Gas has increased the size of its borrowing base from $365 million to $530 million and added two participating banks.
-
Drax Group is near full commissioning on the first unit at its Yorkshire power plant that it is converting from coal to biomass fuel.
-
SolarCity has closed a lease financing agreement with Goldman Sachs to fund more than $500 million in distributed generation projects atop US homes and businesses.
-
Partnerships BC has issued a request for a new organics biofuel concession in the city of Surrey, Canada.
-
The US Department of Energy (DOE) has conditionally authorised Freeport LNG Expansion to export LNG to countries that lack free-trade agreements with the US.
-
The federal government of Nigeria is in discussions with several development finance institutions about financing 195 outstanding road projects.
-
The government of Bangladesh has issued a request for prequalification for the Mongla Port PPP project.
-
Exemplar Health is due to close the financing by the end of this quarter for the A$630 million ($616 million) Bendigo hospital PPP in Victoria, Australia.
-
The European Development Fund has signed a Eu16 million loan with the East African Community for the Rwanda-Burundi transmission line project.
-
PGGM and APG have priced a $746 million bank and high yield refinancing of LBC Tank Terminals.
-
Partnerships BC has issued a request for qualifications for a new clinical services building at Royal Inland Hospital in Kamloops, Canada.
-
Shell Trading has signed long-term, fee-based agreements with Mariner South, a liquefied petroleum gas (LPG) export/import project in the US.
-
Local developers Kaunas Bridges and Siauliu Plentas have closed the financing for the Eu11 million ($14 million) Palanga bypass project in Lithuania.
-
General Moly says it has terminated a subordinated loan agreement with Hanlong Mining as it looks for additional Chinese participation in its Mt Hope project in the US.
-
The IFC has invested $20 million in asset management firm Armstrong’s South East Asia Clean Energy Fund.
-
Bangchak Solar Energy, a subsidiary of Bangchak Petroleum, has closed a roughly Bt1.8 billion ($60 million) financing for two PV portfolios in Thailand.
-
The UK's Education Funding Agency has put forward the five bundles of schools that it hopes will attract private financing using its aggregator model.
-
The city of Regina has issued a request for qualifications for an upgrade of its wastewater treatment plant.
-
GE Energy Financial Services has closed a $200 million senior secured credit facility for SND Consolidated Energy, subject to a $135 million initial borrowing base.
-
GDF-Suez is understood to have been chosen to develop a $400 million floating regasification project near Montevideo.
-
Gauss Energia has closed a more than $75 million project financing for the 30MW Aura solar photovoltaic project – the first large-scale solar project in Mexico.
-
Concessionaria Rodovias do Tiete has launched a R1.065 billion ($500 million) bond financing, almost a year after pulling a planned tax-exempt issue.
-
Malaysian offshore oil services provider SapuraKencana has completed the $2.9 billion acquisition of Seadrill's tender rig business.
-
The Equator Principles Association has agreed an update to its environmental guidelines for project finance developments, seven years after its last amendment.
-
KR Walayar, a subsidiary of KNR Construction, has reached financial close on the Kerala toll road project in India.
-
MBL Infrastructure has been appointed preferred bidder for the Gara Waraseoni real toll project by Madhya Pradesh Road Development Corporation.
-
Asset management firm Armstrong’s South East Asia Clean Energy Fund has acquired a 60% share in a 30MW Thai solar portfolio being developed by Symbior Energy.
-
Cennergi has reached financial close on the 138.6MW Amakhala Emoyeni phase 1 wind project in South Africa’s Eastern Cape.
-
The huge concession fee paid by the winning consortium for the Eu10 billion ($12.9 billion) third Istanbul airport is likely to put pressure on local banking market liquidity.
-
NextEra Energy Resources has mandated BTMU, CoBank, Sabadell, Siemens Financial Services and SMBC for the 163.2MW North Sky River wind project in the US.
-
EquiPower Resources is targeting pricing of 350bp over Libor for a $610 million term loan facility for the aquisition of two power stations from Dominion Resources.
-
Renovalia Energy is talking with Bancomext, Banorte, BBVA, La Caixa, Nafinsa and Sabadell about $250 million in debt for its Piedra Larga wind project in Mexico.
-
Covanta Energy is looking to sell its UK operations due to a run of failures in bidding for waste-to-energy contracts.
-
India’s IL&FS Infra Asset Management has signed a memorandum of understanding with eight local banks to buy their infrastructure loan portfolios.
-
3i Infrastructure, the UK-listed company partly owned by British private equity group 3i, has decided to stop investing in India after recent volatility in returns.
-
A consortium led by Borealis has made an offer to take over UK water and sewage operator Severn Trent.
-
The Bouygues-led Phocéale consortium is considering an institutional financing to meet the private financing component of its L2 Marseilles ring road PPP.
-
The government of Queensland has shortlisted two bidders for the Abbott Point coal loading expansion project.
-
The Texas Department of Transportation has proposed a payment structure for the SH-183 managed lanes project that protects the developer from traffic risk.
-
The provincial government of Quebec has decided to procure 800MW of new wind projects, 450MW of which will be tendered to communities and IPPs.
-
Sempra has informed lenders that it wants 16-year debt for the planned liquefaction terminal at its Cameron facility, in Louisiana.
-
Europe-focused fibre-optic network operator euNetworks has closed a Eu45 million debt facility with Barclays.
-
Alinda Capital has agreed to sell UK water holding company South Staffordshire Group to Kohlberg Kravis Roberts.
-
The Arriyadh Development Authority (ADA) has issued the third extension to the bid deadline for the Riyadh bus network project, and submissions are now due in early June.
-
An ACWA-led consortium is now expected to reach financial close on the $2.4 billion Rabigh 2 independent power producer project at the end of June.
-
Export-Import Bank of Malaysia has signed a $24.4 million loan agreement with Senagan to support a new $30.7 million hydropower project in Indonesia.
-
The Public Infrastructure Partnership Fund has acquired a 100% shareholding in Bendigo Healthcare Group Accommodation Facility in Victoria, Australia.
-
Terra-Gen Power has mandated Union Bank to assemble a $550 million to $650 million debt package for the tenth and eleventh phases of its Alta wind project.
-
Saudi Basic Industries Corporation (SABIC) and ExxonMobil are issuing a term sheet for their Kemya elastomers joint venture to the local banks this week.
-
NextEra Energy Resources has increased the size of the dividend recapitalisation for its La Frontera gas-fired power portfolio and reduced its pricing.
-
Wolf Minerals has signed the two debt facilities supporting the development of its Hemerdon tungsten mine in south-west England.
-
The city of Regina has shortlisted three consortiums to design, build and finance the C$278 million replacement of Mosaic Stadium in Saskatchewan.
-
A decrease in projected merchant power prices in Italy will weaken the financial metrics on the Andromeda solar photovoltaic project bond financing.
-
Skanska has sold its stakes in three schools and two street lighting PFIs to its UK employees' pension fund for £22 million.
-
Kenyan developer Aeolus plans to sign financial documents and then sell a majority stake in its 61MW Kinangop wind project in July.
-
Thailand’s Energy Regulation Commission has received just nine responses for the third round of its auction for independent power producers.
-
The government of Nepal has signed a loan agreement with the European Investment Bank for Eu55 million ($71.5 million) for the 140MW Tanahu hydropower plant.
-
EGCO plans to increase its installed capacity of renewable energy to more than 300MW by 2015
-
Developers of the 19 solar, wind and small hydro project which make up the second round of renewables programme in South Africa have reached financial close.
-
Dalkia and Fengate have mandated five banks to finance the 33MW Fort St. James biomass project in British Colombia.
-
Royal Nickel has sold a 1% royalty interest in its Dumont Nickel project to Red Kite's RK Mine Finance for $15 million.
-
A Virginia circuit court judge has ruled that the project company for the Midtown Tunnel concession cannot levy tolls on users, throwing the concession, and Virginia's PPP programme into doubt.
-
The New South Wales government has shortlisted two bidders for the operations, trains and systems contract for the North West Rail Link project in Sydney.
-
Green Power, the privately-owned Thai developer, has signed an agreement with the government of Myanmar to develop a new 210MW solar power project.
-
The government of Pakistan has launched the tender for the redevelopment of two existing hospitals.
-
The African Development Bank (AfDB) has approved a $149.5 million loan to the 310MW Lake Turkana wind project in Kenya, and launched the remaining debt requirement to other lenders.
-
SNC Lavalin plans on selling more of its equity interests in infrastructure concessions, to focus primarily on its construction activities.
-
Starwood Energy and Fiera Axium Infrastructure have mandated BTMU, Natixis and Nord/LB to round up C$200 million of debt for 40MW of solar PVs in Ontario.
-
The Pennsylvania Office of Public Private Partnerships has decided to accept unsolicited proposals for transportation projects until 31 May 2013.
-
Terminal Investment Limited is close to mandating banks on the financing of the $411 million Asyaport container terminal project in Turkey, with Isbank favourite to lead the deal.
-
Rio Tinto is close to signing the financing to support the expansion of its Oyu Tolgoi copper and gold mine in Mongolia.
-
The Department of Transportation and Communications for the Philippines has prequalified five bidders for the P1.72 billion automated fare collection system project.
-
Hochtief has sold HOCHTIEF AirPort to the Public Sector Pension Investment Board for Eu1.1 billion ($1.45 billion).
-
Essar Energy is seeking financing for an expansion to Kenya Petroleum Refineries.
-
Industrial minerals miner Orocobre has yet to draw on the $192 million in project debt that it closed for its Olaroz lithium project in December.
-
France's Ministry of Ecology, Sustainable Development, and Energy has named the Phocéale consortium preferred bidder on the L2 Marseilles ring road PPP.
-
MRT Jakarta has awarded three out of the eight contracts for the first phase of the construction of the new mass rapid transport system in Jakarta.
-
CIT has closed a $26 million senior secured credit facility to an affiliate of Citizens Energy for a portfolio of solar photovoltaic (PV) projects in Massachusetts.
-
The US Department of Transportation has picked Taylor-DeJongh as financial adviser for the North Tarrant Express and Grand Parkway concessions in Texas.
-
BG Group, the UK oil and gas company, has signed a binding agreement with China National Offshore Oil Corp to sell a 40% stake in Queensland Curtis LNG.
-
The Korean consortium overseeing the development of a 500MW gas-fired power plant in Myanmar has appointed Mizuho as financial adviser.
-
Denham Capital, the energy-focused private equity firm, has invested $75 million equity in a 1GW portfolio of Australian wind projects currently under development.
-
Autoroutes Paris-Rhin-Rhône (APRR) has closed a Eu300 million floating rate note issue under its Euro medium term note programme.
-
The Jordanian government is now evaluating 12 large solar photovoltaic power project proposals with a combined capacity of 600MW
-
Foresight Group has closed a £60 million ($93 million) bond issue for a four-strong 15.7MW UK solar photovoltaic portfolio.
-
Energy Management (EMI) is talking with Natixis and Rabobank about part-financing the first phase of its 468MW offshore Cape Wind project in Massachusetts.
-
Transelec is nearing financial close on a $150 million loan for a 220kV transmission line to the Caserones copper mine in Chile.
-
Starwood Energy and Fiera Axium Infrastructure are discussing with lenders a financing of around C$200 million for 40MW of solar photovoltaic projects in Ontario.
-
The government of New South Wales is calling for expressions of interest for the new Northern Beaches Hospital in Sydney, Australia.
-
ICICI, Bank of Baroda, Citicorp Finance and LIC have launched the first ever infrastructure debt fund in India to be structured as a non-bank finance company.
-
Malaysian NGV and Jeffa Holdings are speaking to local banks about financing the R6 billion 1 Gas Clean Energy for All regasification plant in Johor, Malaysia.
-
Bank of America Merrill Lynch has launched a $1 billion term loan B financing for NextEra Energy Resources' La Frontera generation.
-
Satellite operator Globalstar needs to raise new financing, amend its existing credit facilities and restructure its bond debt.
-
An ACWA-led consortium has signed the $1 billion debt facility for a 160MW first stage of the Ouarzazate concentrating solar power (CSP) project in Morocco.
-
ProInversion has launched a tender to find an adviser for the $101.4 million General San Martin port project in Pisco.
-
The Australian state of Victoria has issued a new set of guidelines for PPP project that permits greater use of upfront capital contributions.
-
Macquarie has closed the fundraising for its European Infrastructure Fund 4.
-
MPX Energia has agreed to a multi-year offtake agreement to sell generation from its planned 56MW gas-fired project in Brazil to a Kinross-owned mine.
-
The Ohio Power Siting Board has approved the proposed expansion of Tenaska’s Rolling Hills gas-fired peaker to a 1,414MW power station.
-
The city of Edmonton is planning to seek statements of qualification for its south-east light-rail project in the first quarter of 2014.
-
Abu Dhabi state-owned developer Masdar and the UK Green Investment Bank have signed a memorandum of understanding to invest in UK infrastructure projects.
-
A joint venture between MBL Infrastrutures and SREI Infrastructure has reached financial close on its Rs5 billion Bikander-Suratgarh toll road project in India.
-
The Macquarie International Infrastructure Fund and Macquarie Korea Opportunities Fund plant to spin out their combined 100% interest in Taiwan Broadband Communications into a new listed entity.
-
The Royal Liverpool and Broadgreen University Hospital Trust has named Carillion preferred bidder for the £335 million Royal Liverpool hospital project in the UK.
-
Dynegy has sold the 1,200MW Roseton oil- and gas-fired plant in New York to a subsidiary of Castleton Commodities International.
-
Infrastructure Ontario (IO) has extended the deadline to submit statements of qualification for the Eglington Crosstown light-rail concession in Toronto to 14 May.
-
Soitec has closed a R1 billion ($107 million) bond refinancing of the debt on its Touwsrivier solar photovoltaic project in South Africa.
-
Mexican infrastructure operator IDEAL has closed a Ps10 billion ($820 million) bank and bond financing of a portfolio of four toll roads.
-
Otto Energy has closed a $37.4 million loan with BNP Paribas to fund its share of the costs of the Galoc field phase II development in the Philippines.
-
Myanmar’s Ministry of Energy has set a deadline of 14 June for bidders to submit interest in 30 offshore oil and gas exploration blocks.
-
EquiPower resources has agreed to buy a 50% stake in the Elwood gas-fired peaking power plant and all of the Kincaid coal-fired plant from Dominion Resources.
-
Ormat Technologies has signed a power purchase agreement with the Southern California Public Power Authority for its Wild Rose geothermal project in Nevada.
-
Cheniere Energy Partners has lined up large commitments from several lenders for the financing of the second phase of its Sabine Pass liquefaction project in Louisiana
-
Freeport LNG Expansion is talking to JBIC about helping finance the first two trains of its export liquefied natural gas (LNG) project in Texas.
-
BAM PPP PGGM Infrastructure Cooperatie, the investment joint venture between BAM and PGGM, has reached financial close on the Eu282 million N11/N7 project.
-
UK-listed infrastructure fund HICL Infrastructure Company has bought stakes in three UK hospital PFIs.
-
Woodside Petroleum, Australia’s second largest oil producer, is likely to opt for floating LNG when developing the Browse gas basin in Western Australia.
-
April 2013
The Philippines Department of Transportation and Communication has received seven responses to its request for qualifications for the Mactan-Cebu Airport PPP.
-
Associated British Ports has closed on £150 million ($233 million) in long-term debt to refinance some of its existing bank facilities.
-
Zain Saudi has again delayed the refinancing of its long-term debt, following a further extension to the maturity on its outstanding facilities.
-
Terna Rete Elettrica Nazionale has approached the EIB for a Eu570 million loan to part-finance an upgrade to Italy’s electricity transmission system.
-
GMR Infrastructure has signed on the debt for its Hydel power plant project located in Chamba, Himachal Pradesh, India.
-
The West London Waste Authority has named a SITA-led consortium preferred bidder on a new resource recovery contract.
-
The University of Michigan is considering a PPP financing structure for the Ann Arbor campus and for its health system.
-
Alterra and Greenbriar Capital have launched a joint venture to develop 100MW of solar generation in Puerto Rico.