Govt taps infra funds
South Africa’s government is courting multilaterals, commercial banks and pension funds to create a US$20.5bn infrastructure programme to finance rail, port, energy, broadband, water and sanitation projects. The projects will be pitched to lenders at the end of this week, followed by a June 23 symposium for further discussions. AfDB, New Development Bank, World Bank and IMF are already in discussions with the government as part of a US$27m pandemic response financing package. The projects that will benefit from the programme should be announced next week.
Daily News Highlights
Renewables quarrel goes global
Mexico has suspended pre-operative tests for solar and wind projects. The blowback is coming thick and fast. By Nic Stone.
Pertamina readies big loan launch
Pertamina is launching a massive US$3bn debt facility shortly. The move will boost a market whose activities have been stifled by Covid-19. By Minerva Lau
OPWP to withhold payments
Oman Power & Water Procurement is looking to withhold payments to its private producers. The move comes as the country tries to conserve funds during the pandemic. By Rod Morrison and IFR reporters.
Features
Ibri II defies Covid-19 getting to financial close
The 500MWac Ibri II solar photovoltaic independent power project (Ibri II PV IPP) will be the largest utility-scale solar PV IPP in the Sultanate of Oman. It was procured by the Oman Power and Water Procurement (OPWP) company and will be developed on a BOO (build, own and operate basis, utilising bifacial solar PV technology to generate 500MWac of renewable power. Rohit Gokale, vice-president, and Neeraj Nishad, senior manager, of ACWA Power’s acquisitions, project finance and divestitures group discuss and outline the key aspects of the transaction.
Unlocking the potential of green hydrogen
The use of hydrogen is not new, but it is seeing a resurgence in popularity due to its potential to support the transition to a decarbonised energy system. By Anne Lapierre, global head of energy and partner, and Tomas Gärdfors, partner, Norton Rose Fulbright.
PFI Global Energy Report 2020
The global energy finance market continues to juggle a host of challenges and opportunities. PFI has published its 2020 Global Energy Supplement, featuring a host of case studies and articles on the latest market trends and obstacles. Successes in Asian offshore wind African power, the challenges posed by Covid-19, and the future of electric vehicle charging are some of the key themes in this year’s issue.
PFI Yearbook 2020
Welcome to the 2020 Refinitiv Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2019, through case studies and the PFI Awards, and look forward into 2020 with a range of articles in the Global section of the book.
Digital Edition
Access a digital edition of the Latest Issue here.
Access the digital edition of the PFI Yearbook 2020 here.
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PFI Comment
Book reading at home
The full impact of the coronavirus lockdown is becoming clearer by the day. Frustration is replacing the initial excitement across the world. In the virtual vaults of the world’s virtual banks, attention is turning to the state of the virtual loan books.
Most Popular
Project Finance MLAs Q1 2020
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | SMBC | 4,003.2 | |
| 2 | MUFG | 3,753.5 | |
| 3 | SBI Capital | 3,092.3 | |
| 4 | Societe Generale | 2,364.2 | |
| 5 | Mizuho | 2,091.0 | |
| 6 | Santander | 1,701.1 | |
| 7 | ING | 1,649.5 | |
| 8 | Credit Agricole | 1,361.5 | |
| 9 | BNP Paribas | 1,190.8 | |
| 10 | Citi | 1,175.3 |
