sections

Sunday, 30 August 2015

Wind

Galetech wind farms due

Irish developer Galetech Energy has reached financial close on its 16MW Old Mill wind farm in County Monaghan. Rabobank is providing the debt and construction is due to start next month. GE is providing the turbines and NRS is the EPC contractor. Galetech expects to close its 23MW Carrickallen and 20MW Taghart wind farms in Cavan and its 11MW Moutain Waters wind farm in Monaghan later this year.

Fibre-optic

Telecoms P3 is first of its kind

PFI Issue 559 - August 26, 2015

The first fibre-optic availability payment-based P3 deal has closed in the US. Several others are taking shape. By Alison Healey.

Malaysia

Driving without MIGA

PFI Issue 559 - August 26, 2015

Malaysia’s latest project sukuk issue will now be proceeding without MIGA cover. More road funded sukuk deals are likely to follow. By Minerva Lau.

Maamba

Maamba coal gets to FC

PFI Issue 559 - August 26, 2015

A historic mine with the potential for more than 600MW will diversify Zambia’s power mix away from hydro. It is one of the first plants in Africa using Sinosure to bring in Chinese banks. By Colin Leopold.

Features

India

Enhancing the Meenakshi refinancing

PFI Issue 559 - August 26, 2015

Meenakshi Energy Private Ltd is GDF Suez’s first power project acquisition in the Indian sub-continent. By Sameer Kumar Mishra, assistant vice-president, and Ms Kajal Kalanauria, manager, SBI Capital.

© Nmiguel | Dreamstime.com - Windfarm in egypt zafarana, ends of the day

Mitigating Egyptian currency risk

PFI Issue 559 - August 26, 2015

This article looks at the Egyptian feed-in tariff programme and using equity bridge loans for partly mitigating currency convertibility risk. By Kartikeya Singh and Vipul Goyal, associates, Synergy Consulting Infrastructure & Financial Advisory Services Inc.

PFI Global Infrastructure Report Cover 2015

PFI Global Infrastructure Report 2015

PFI Global Infrastructure Report 2015

As the confidence in the debt markets reaches new post global financial crisis highs and the investment community remains keen on finding new assets to finance, a key question in the report concerns deal flow. Where will the next deals come from?

PFI Global Energy Report 2015 cover

PFI Global Energy Report 2015

PFI Global Energy Report 2015

With global energy markets in a state of flux following the collapse in the oil price from last autumn onwards, the timing of the publication of the report could not be better.

PFI India Report 2015 cover

PFI India Report 2015

PFI India Report 2015

It’s been a year since Narendra Modi – the leader of Bharatiya Janata Party, has been elected into power to head the Indian government. Last year, the PFI report looked at “Rebooting India”, offering ideas and proposals from the financial market and developers on how to ease the bottleneck and problems facing infrastructure development. Since then, the government has started to introduce more transparency in the implementation of pro-growth policies.

Priced

It must be up

The direction of travel for credit pricing has been all one way over the last few years. In the last few months the trend has accelerated, leaving some established players out in the cold with a familiar refrain – it’s too cheap, we cannot do the deal at those prices.

Project Finance MLA 2015 H1

# Arranger (US$m)
1 Mitsubishi UFJ 6,886.7
2 SBI Capital 6,345.4
3 BNP Paribas 4,644.9
4 SMBC 4,236.0
5 Credit Agricole 4,025.1
6 Deutsche 3,550.0
7 ING 3,197.5
8 Mizuho 3,162.5
9 Societe Generale 2,761.6
10 Morgan Stanley 2,470.5

Digital Edition

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PFI Yearbook 2015

PFI Yearbook 2015

PFI Yearbook 2015

Welcome to the 2015 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2014, through case studies and the PFI Awards, and look forward into 2015 with articles in the Global section of the book. This year we have interviewed and profiled a host of leading sponsors from the Americas, Asia-Pacific and Europe Middle East & Africa (EMEA) to take the market temperature – to see how the clients are viewing market prospects.