Tuesday, 16 September 2014

South Africa power plant

South Africa backs Eskom

The South Africa government has released a series of measures to back Eskom, which has been facing a possible rating downgrade into junk from its current BBB- level. There will be an equity injection funded via possible sales of non strategic government assets and more debt, R50bn on top of the original plan to raise R200bn. The statement, from the National Treasury, said the government would continue to support the IPP programme to complement Eskom’s build programme.


Sasol PF out

PFI Issue 536 - September 10, 2014

The project financing to back the expansion of the Sasol petrochemical plant in Louisiana has been launched to debt funders and bids are due back in early October. The deal is one of the first significant petrochemical project financings in the US to take advantage of the cheap ethane feedstock prices available due to the shale gas boom in the country. By Rod Morrison and Alison Healey.


JBIC moves in

PFI Issue 536 - September 10, 2014

The visit of Indian Prime Minister Narendra Modi to Japan was accompanied by the standard PR. But this time the deals signed could actually make a crucial impact on Indian infrastructure. By Minerva Lau.


Russians still around...

PFI Issue 536 - September 10, 2014

Russia Inc faces the prospect of more sanctions this week. But key international financings are still being progressed despite the cold capital markets climate. By Rod Morrison.



Renewables in an independent Scotland

PFI Issue 536 - September 10, 2014

Those with an interest in renewable energy projects located in Scotland will, like many other people, be looking forward to learning the outcome of the referendum on Scottish independence that is due to take place on September 18. By Conrad Purcell, senior associate, Norton Rose Fulbright.


CfDs – A personal assessment

PFI Issue 536 - September 10, 2014

This article is a personal assessment of the new Contracts for Difference (CfD) support scheme for low carbon generation, which is the biggest change to the UK electricity markets since privatisation in 1990. By Charles Yates, managing director, CY Consultants.

PFI Global Infrastructure Report Cover 2014

PFI Global Infrastructure Report 2014

PFI Global Infrastructure Report 2014

The keenly awaited annual Project Finance International (PFI) Global Infrastructure report has been published at a time when the market is turning. More long term liquidity is available for infrastructure schemes, pricing on shorter term infraco deals is moving down encouraging sponsors back into bidding for assets and the projects pipeline is showing signs of growing once again.

PFI Best Practice Report Cover 2014

PFI Asia Best Practice Report 2014

PFI Asian Best Practice Report

PFI has released its first Best Practice in Asia report - at a time when the procurement and development of projects has never been more critical as the region seeks to ensure its infrastructure keeps pace with its economic growth. The report includes a range of views from senior project practitioners plus the first PFI Citations for best practice. 

PFI India Cover 2014

PFI India Report 2014

PFI India Report 2014

This is the 8th year that PFI is putting together an annual report on India. It comes at a special time when the country has just elected a new prime minister – Narendra Modi – the leader of Bharatiya Janata Party, who broke the status quo and is expected to bring marked changes to the direction the economy has been going through. The theme of the report will thus be “the rebooting of India”.


Ethane is a new risk

Project bankers in the petrochemical sector have been spoilt until now. A typical petchem deal involves a fixed feedstock price, some tolling perhaps, sponsor completion guarantees and a firm off-take with perhaps some cash trapped in the project for the inevitable sector downturns. That benign environment could be about to change.

Digital Edition

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Project Finance MLA H1 2014

# Arranger (US$m)
1 BNP Paribas 5,825.0
2 SMBC 5,515.1
3 Mitsubishi UFJ 4,947.7
4 Credit Agricole 3,746.4
5 Mizuho 3,560.7
6 HSBC 3,498.7
7 ING 3,160.0
8 CBA 3,092.0
9 Societe Generale 2,710.7
10 RBC Capital Markets 2,399.1

PFI Global Energy Report Cover 2014

PFI Global Energy Report 2014

PFI Global Energy Report 2014

The Global Energy report takes a look at the full range of issues currently exercising the project finance market - from funding schemes in Africa and obtaining finance for coal fired plants onto renewables, FLNG and the LNG boom in North Americas.

PFI Asia-Pacific Report Cover 2014

PFI Asia-Pacific Report 2014

PFI Asia Pacific Report 2014

The need for rail road, power, port and resources infrastructure has become an economic priority for countries across the Asia Pacific. The lessons from past infrastructure financing failures have also been learned as governments, sponsors and lenders frame new financial structures that share and minimise financial risk during construction.