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Saturday, 20 October 2018

Abengoa restructures A3T

PFI Issue 635, October 17, 2018

Spain’s Abengoa is planning to open the sale of its 220MW A3T cogeneration facility in Tabasco to the market should Atlantica Yield refuse its right of first offer (ROFO). Abengoa is lining up a convertible bond issue backed by the project to increase its liquidity.

Modec wins Eni FPSO

PFI Issue 635, October 17, 2018

Japanese company Modec has won the floating production and storage (FPSO) supply, charter and operate contract on Eni’s Offshore Area 1 field 10km off the coast. Lead arrangers on the deal have yet to be appointed but this should be done soon. The Japanese banks are expected to be involved. King & Spalding is advising Modec and lenders counsel should be appointed soon.

Red Troncal PPP pushed to 2019

PFI Issue 635, October 17, 2018

State-owned group Telecomunicaciones de México (Telecomm) has postponed the completion of a tender for the Red Troncal, or backbone network, public-private partnership until 2019.

Institutional investors into toll road

PFI Issue 635, October 17, 2018

Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (Ontario Teachers’) have entered into an agreement with Impulsora del Desarrollo y el Empleo en América Latina (IDEAL) to invest in the 309km Pacifico Sur toll road that links Guadalajara to Tepic.

IEnova and Trafigura enter JV

PFI Issue 635, October 17, 2018

Sempra Energy’s Mexican unit IEnova has entered into a joint venture agreement with Trafigura to develop a marine storage terminal for refined products in Manzanillo.

Enel connects 1GW of solar

PFI Issue 635, October 17, 2018

Enel Green Power Mexico has connected more than 1GW of solar capacity to the Mexican grid as it continues its feverish activity in the country.