Friday, 23 February 2018


Indian mega solar agreed

Avaada Power has signed a memorandum of understanding with Uttar Pradesh in India to invest US$1.55bn to build around 1.6GW of solar PV projects, according to reports. The projects will be built across several districts and construction will be phased. See story below. 


Tax reform to shake up US P3

PFI Issue 619 - February 21, 2018

Infrastructure developers are racing to find structures to offset the negative impact of tax reform. States and cities have been handed more responsibility in project development. By Alison Healey


Formosa 1 banks picked

PFI Issue 619 - February 21, 2018

Twelve international and local banks have joined the Formosa 1 offshore scheme. The financing could become a template for future Taiwanese offshore wind projects. By Minerva Lau


Spanish banks fined for PF derivatives fixing

PFI Issue 619 - February 21, 2018

The Spanish antitrust authority has punished four domestic lenders. Project finance loan derivatives are at the heart of the case. By Stefano Berra


Indonesian President Joko Widodo

Cirebon expands Indonesian power push

PFI Issue 619 - February 21, 2018

The achievement of financial close for the 1,000MW coal-fired Cirebon IPP Expansion Project (Cirebon Expansion) was another step by PLN in achieving President Jokowi’s often talked about target of creating an additional 35,000MW of new power generation capacity by 2019. By James Murray, partner, and James Orme, senior associate, Milbank Tweed Hadley & McCloy LLP.

The Nacala rail corridor

Nacala opens the path to rail

PFI Issue 619 - February 21, 2018

The Nacala Corridor project financing opens the path for the development of mine-to-port infrastructure projects, essential for many developing countries’ economic growth, writes Vasco Vitorio, director, infrastructure and real estate group, and Thibauld Thuillez, associate director, at HSBC.

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 2017

PFI Global Infrastructure Report 2017

PFI Global Infrastructure Report 2017

Infrastructure spending is a top priority for governments across the world including the new Trump Administration. Investors are looking for deals in which to place their money. Can the infra market provide well structured deal flow to keep the funding markets happy? PFI has published its Global Infrastructure supplement featuring a host of case studies and articles on current trends and issues.

PFI Global Energy Report 2017

PFI Global Energy Report 2017

PFI Global Energy Report 2017

The global energy finance market faces a range of new challenges and opportunities. PFI has published its Global Energy supplement featuring a host of case studies and articles on current trends and issues. The offshore wind sector is taking centre stage right now with Japan, South Korea and the US joining Europe in building out new developments. 

PFI EMEA Report 2017 Cover

PFI EMEA Report 2017

PFI EMEA Report 2017

The Project Finance International EMEA survey has been published – reviewing the extraordinary growth in the renewables market across Europe and some of the more exciting developments in Africa. Even in Spain, where the renewables market was quiet after a time of excess, a range of new projects are coming forward seeking project finance.

PFI Comment


LNG starts to make a comeback

The LNG projects market could be in the first phase of a jump in activity and interest. There is still plenty of overhang from the previous boom but sentiment is turning now to sourcing new capacity.

Project Finance MLA 2017

# Arranger (US$m)
1 MUFG 12,180.6
2 SBI Capital 10,388.1
3 SMBC 9,106.1
4 BNP Paribas 6,687.0
5 CDB 6,590.2
6 Credit Agricole 6.164.9
7 ICBC 6.115.5
8 Mizuho 5,733.7
9 ING 5,695.1
10 Societe Generale 5,607.6

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2017 here.

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PFI Asia Best Practice Report 2017 Cover

PFI Asia Best Practice Report 2017

PFI Asia Best Practice Report 2017

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