Thursday, 25 May 2017
The City of Rio de Janeiro and the IFC have signed a contract for IFC to help design a PPP to overhaul public street lights, with the potential to be the largest public lighting PPP in Latin America. The project will build on studies carried out by the World Bank in 2014, and the World Bank office in Brazil will be a key partner for the project. See story below.
The Australian government released its 2017 budget last week and has committed to spend A$75bn (US$55bn) on infrastructure over the next 10 years that will create a huge project pipeline for advisers, lenders and sponsors. But in a new policy move significantly different to other normal project announcements, the Australian government intends to become a project finance lender and equity investor rather than the usual provider of grant money. By John Arbouw.
The Government of Vietnam has released Decision No 11 as the new official policy for the development of solar power projects in Vietnam. Decision No 11 is aimed at enabling the private sector to invest in clean energy sources that can help meet the country’s surging demand for electricity. By Fred Burke, managing partner, and Nguyen Thanh Hai, associate, Baker & McKenzie in Vietnam.
The global energy finance market faces a range of new challenges and opportunities. PFI has published its Global Energy supplement featuring a host of case studies and articles on current trends and issues. The offshore wind sector is taking centre stage right now with Japan, South Korea and the US joining Europe in building out new developments.
The world’s largest solar project should be financed in Abu Dhabi this week. Not far away, work continues on the Barakah nuclear power project. The enthusiasm will be for the new baby this week, with nuclear once again facing questions.
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Welcome to the 2017 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2016, through case studies and the PFI Awards, and look forward into 2017 with interviews and articles in the Global section of the book.