Water D-Day
UK water industry regulator Ofwat is due to issue its final determination of its PR19 price review on Monday. Having escaped the prospect of nationalisation after a Conservative election victory on Thursday, water firms face cuts to cash returns by a third and tough operational performance and cost targets backed by significant penalties. The price review is effective from April.
Daily News Highlights
Battle looms over renewables
Sponsors of renewable energy projects have launched a series of law suits against Mexico’s government. They say new rules could decimate private investment in solar and wind. By Nic Stone.
Discom debts create ongoing problems
The renewables sector in India is starting to attract big inflows of international capital. The federal government, however, is trying a new fix for an old problem. By John Arbouw.
Extending Gulf IWPPs
Gulf utilities are now looking at their existing power and water projects. Replacing old capacity and adding expansions are being used as well as procuring new projects. By Rod Morrison.
Features
Flexibility key to regional rail PPP
The XPT train fleet has long been an iconic part of regional rail travel through NSW, operating services as far north as Brisbane in Queensland and as far south as Melbourne in Victoria. However, after several decades of service, the ageing XPT train fleet along with the Endeavour and Xplorer fleets are being replaced. By Kieren Boesenberg, who led the financial advisory team on the project, director, advisory, Australian Structured Finance Office, MUFG Bank.
Italian CPPAs – Where we stand
The use of corporate power purchase agreements is growing in Italy thanks to an increasingly favourable regulatory framework. By Eugenio Tranchino, head of Watson Farley & Williams, Italy.
PFI Global Infrastructure Report 2019
The global infrastructure market in 2019 has seen a range of deals financed and plenty of new plans hatched. The problems in the contracting sector remain, however. PFI’s Global Infrastructure Report 2019 case studies leading deals such as Gordie Howe, Florida Rail, Paraguay’s Corredor Bioceanico, Shuqaiq IWP, Tours-Bordeaux and Belgrade Airport. Themes such as China’s Belt & Road and Thailand’s Eastern Economic Corridor are examined and the problems with US and Australian construction projects are revealed.
PFI Global Energy Report 2019
The renewables sector remained the most vibrant energy market over the past year, while the TAP pipeline brought back attention to mega oil & gas projects. PFI’s Global Energy Report 2019 looks at emerging renewables markets, such as Poland and Vietnam, alongside established ones, such as Belgium and Scotland, with an eye on the boom under way in Spain and Australia. The report examines new structures such as US energy P3s and Asian Green bonds and offers an outlook on LNG and FPSO financings.
PFI Yearbook 2019
Welcome to the 2019 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2018, through case studies and the PFI Awards, and look forward into 2019 with interviews and articles in the Global section of the book.
PFI League Tables 2019
The Refinitiv Project Finance International 2019 league table returns are due to be submitted on December 31st 2019. The tables are for mandated lead arrangers for loans, lead managers for bonds and for financial advisory services on project finance deals. Click here to obtain a form and details of the league table process.
PFI Comment
The green curve
The greenium for environmental, social and governance-linked finance is said to have become a fact as investors rush to build up their green books. That said, investment and credit fundamentals should be at the heart of pricing decisions.
Most Popular
Project Finance MLAs Q3 2019
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | MUFG | 11,306.4 | |
| 2 | SMBC | 9,665.6 | |
| 3 | Mizuho | 8,351.4 | |
| 4 | BNP Paribas | 7,386.9 | |
| 5 | Santander | 6,278.1 | |
| 6 | Credit Agricole | 6,119.6 | |
| 7 | Societe Generale | 6,044.3 | |
| 8 | ING | 5,536.2 | |
| 9 | SBI Capital | 4,837.7 | |
| 10 | Natixis | 4,789.9 |
Digital Edition
Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2019 here.
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