sections

Monday, 15 October 2018

Bran castle in Brasov county

Romania to relaunch road PPP

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.

US highway

ITRCC strikes surprise US$1bn deal

PFI Issue 634 - October 3, 2018

Indiana Toll Road Concession has received approval from state regulators to raise certain tolls. The private partner will give the state US$1bn for road improvements in exchange. By Alison Healey.

IL&FS headquarters

Govt rescues IL&FS

PFI Issue 634 - October 3, 2018

Infrastructure Leasing & Financial Services pioneered PPPs in India. Now it is being rescued by the government. By John Arbouw.

Third Bosphorus Bridge

Concessions and EM bring down Astaldi

PFI Issue 634 - October 3, 2018

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

Features

FirstEnergy power plant in Ohio

Bankruptcy court asserts primacy over FERC

PFI Issue 634 - October 3, 2018

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.

Wind farm on Sulawesi

Landmark deal for Indonesian renewables

PFI Issue 634 - October 3, 2018

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.

2017 PFI Awards Winners

2018 PFI Yearbook

PFI Yearbook 2018

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.

PFI Global Infrastructure Report 2018 Cover

PFI Global Infrastructure Report 2018

PFI Global Infrastructure Report 2018

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.

PFI Global energy 2018 Cover

PFI Global Energy Report 2018

PFI Global Energy Report 2018

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.

PFI Legal Survey 2018

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.

PFI Comment

PLN solar plant

Banking on a PPA

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.

Project Finance MLA 2018 H1

# Arranger (US$m)
1 MUFG 5,889.1
2 SMBC 4,577.9
3 Societe Generale 3,295.7
4 ING 3,264.3
5 Credit Agricole 3,220.3
6 Santander 3,209.3
7 Morgan Stanley 2,687.5
8 BNP Paribas 2,665.9
9 Mizuho 2,450.8
10 ICBC 2,313.5

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2018 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.