Monday, 15 October 2018
The Romanian government is set to launch a PPP tender for a motorway between Ploiesti-Brasov, a revamped version of the troubled Comarnic-Brasov. Prime minister Viorica Dancila said the tender will be launched on Monday. The government cancelled the previous €1.8bn tender for the motorway in 2015 after awarding it to a Vinci-led group. It was the second time Romania had cancelled the project. The new tender will cover a longer section of the road, adding the Comarnic-Ploiesti section to stretch between Brasov and Comarnic.
Italy’s Astaldi battled with investment-heavy concession contracts and short-term debt. It was hit by a perfect storm of a weak Italian market and wrong bets in emerging markets. By Stefano Berra
FirstEnergy Solutions moved forward this summer in its quest to shed power purchase agreements, which it contended were impeding its ability to reorganise under Chapter 11 of the Bankruptcy Code. By Charles Dale, restructuring and insolvency partner, William Keyser, Washington DC partner in the firm’s energy/power practice, David Mawhinney, litigation associate, and Michael O’Neill, energy associate, K&L Gates.
The US$215m Eastern Indonesia Renewable Energy project is a landmark transaction for Indonesia in many ways, and could be a model for future independent power projects (IPPs). In this article, the Asian Development Bank (ADB) as sole lender, and Shearman & Sterling LLP (S&S) as international legal counsel to ADB, provide an overview of the financing of the Eastern Indonesia Renewable Energy Project and describe some of its notable features. By Yuichiro Yoi, Colin Gin, Juliette Leusink, Kota Yasumura and Juan-Pablo Martínez-Molina of the Asian Development Bank, and Bill McCormack, Scott Baggett, Jean-Louis Neves Mandelli and Sarah E Park of Shearman & Sterling.
Welcome to the 2018 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2017, through case studies and the PFI Awards, and look forward into 2018 with interviews and articles in the Global section of the book.
The global infrastructure market is moving into new territories - both geographically and sector wise. PFI’s Global Infrastructure Report 2018 takes look at the new kids on the block and in addition, some of the legacies from the old era. The Report carries case studies on deals as diverse as German fibre optic, the Canakkale Bridge and the Los Angeles people mover scheme. In addition it carries in depth pieces on the construction woes which befell Carillion and the Canadian super hospitals.
Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.
Refinitiv Project Finance International (PFI) is pleased to launch its survey of law firms in the project and infrastructure finance sector for the seventeenth year running.
The PFI Legal Survey will be published in November. To take part, please complete the survey form contained in this pdf.
In the emerging markets the power purchase agreement (PPA) is an important prop for any power project financing. In Asia, where the renewables boom is just starting to take off, debate rages as to its precise importance.
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.