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Friday, 12 February 2016

India

Adani power plants planned

Adani Power plans to invest a total of Rs184bn (US$2.7bn) to set up two greenfield power plant projects in the Indian state of Karnataka, the company said in a filing on Thursday. It has entered into an agreement with the state to set up two 800MW coal-based supercritical power plants in Karnataka, with an investment of Rs114bn. Its subsidiary Adani Green Energy has also signed an expression of interest to set up a 1,000MW solar power plant in the same state with an investment of Rs70bn.

USA

Fewer bright spots in US power

PFI Issue 570 - February 10, 2016

New build is still plentiful in PJM and New England. But regional power markets are starting to suffer in the US. By Alison Healey.

LRT

Deadlines loom in rail boom

PFI Issue 570 - February 10, 2016

Interest seem strong for rail projects in the Philippines. Two huge projects are expected to dominate the headlines this year. By Minerva Lau.

Finland

Efficient refi for Finnish grid

PFI Issue 570 - February 10, 2016

The Caruna Networks power grid acquisition has been refinanced. Not everyone is pleased, however, with the network. By Stefano Berra.

Features

Brazil

Subsea cables tap funding markets

PFI Issue 570 - February 10, 2016

There are approximately 7.67bn mobile phones in the world, compared with 7.44bn people. Smartphones have now overtaken laptops as the most popular device for accessing the internet and these devices have transformed the way we now communicate with each other. By John Franchini and Oliver Irwin of Milbank Tweed Hadley & Mccloy LLP, Nick Flitterman of Portland Advisers and Larry Schwartz of Seaborn Networks.

Nigeria

First step to meeting Nigerian needs

PFI Issue 570 - February 10, 2016

The Azura-Edo independent power project (IPP) lays claim to a number of firsts. It is Nigeria’s first fully privately financed IPP – the first of a new wave of project-financed greenfield IPPs currently being developed in the country. It is also the first power generation project in Nigeria to receive World Bank Partial Risk Guarantee and Multilateral Investment Guarantee Agency (MIGA) support. By Russell Wells, partner, Vicky Ta, senior associate and Tom Jamieson, senior associate, Clifford Chance.

PFi Yearbook 2016 Cover image

PFI Yearbook 2016

PFI Yearbook 2016

Welcome to the 2016 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2015, through case studies and the PFI Awards, and look forward into 2016 with articles in the Global section of the book.

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.

IMF

It ain't necessarily so

The hope among commentators looking at the emerging markets is that economies that have relied on revenues from commodities and oil and gas will now look to continue to grow by funding new projects, and perhaps using external debt to do so. Unfortunately, it ain’t necessarily so…

Project Finance MLA 2015

# Arranger (US$m)
1 MUFG 16,126.8
2 SMBC 12,831.7
3 Bank of Taiwan 12,052.9
4 SBI Capital 10,854.6
5 Mizuho 8,730.3
6 Credit Agricole 8,285.5
7 ING 7,851.6
8 Santander 6,879.3
9 BNP Paribas 6,683.1
10 Societe Generale 6,568.4

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2016 here.

To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email IFR.ClientSupport@thomsonreuters.com.

PFI EMEA Report Cover 2015

PFI EMEA Report 2015

PFI EMEA Report 2015

The PFI EMEA report provides valuable insights into the market via case studies of leading deals in the region and articles covering key issues. The report details two of the major deals this year - Thames Tunnel Tideway and the Veja Mate offshore windfarm – plus the cheapest solar tariff deal in Dubai. The report looks at projects as diverse as Port of Calais, Maamba Power and Breda court and examines how they were structured and financed.

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.

PFI Asian Best Practice Report 2015 Cover

PFI Asian Best Practice Report 2015

PFI Asian Best Practice Report 2015

It is with great pleasure that I introduce the second Project Finance International (PFI) Best Practice in Asian Infrastructure Report.