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Sunday, 23 February 2020

Mitsubishi into Mantoverde copper mine

PFI Issue 666 - February 12, 2020

Japan’s Mitsubishi Materials Corporation has bought a 30% stake in the Mantoverde copper mine for US$236m.

TJH lands highway bond

PFI Issue 666 - February 12, 2020

Special purpose entity TransJamaica Highway Ltd (TJH) has landed US$225m in fully amortising senior secured bonds for refinancing the 49.9km Highway 2000 East-West toll road that connects the capital Kingston with May Pen.

Equinor mandates Modec for FPSO

PFI Issue 666 - February 12, 2020

Norway’s Equinor has tapped Modec to deliver a floating production storage and offloading (FPSO) unit in the Bacalhau area of the pre-salt Santos basin offshore Brazil. It will be built in China.

Lighting PPPs launched

PFI Issue 666 - February 12, 2020

A pair of street lighting public-private partnerships have been launched for the cities of Feira de Santana in Bahia and Aracaju in Sergipe.

GyM shareholders ratify pipeline actions

PFI Issue 666 - February 12, 2020

Shareholders in Peruvian company Grana y Montero ratified the company’s actions on the failed Gasoducto Sur Peruano (GSP) pipeline project during an extraordinary shareholder meeting held this month.

Mining approvals process sped up

PFI Issue 666 - February 12, 2020

Brazil’s National Mining Agency (ANM) has published new rules that set deadlines for a variety of administrative approvals for mining projects in the country.

Eletrobras lands bond deal

PFI Issue 666 - February 12, 2020

Latin America’s biggest utility Eletrobras has priced a US$500m bond issue due 2025 at 3.625% and US$750m of bonds due 2030 at 4.625%.

Acciona closes metro transfer

PFI Issue 666 - February 12, 2020

Acciona has landed the concession for the Metro Line 6 public-private partnership project in Sao Paulo after months of negotiations with the Sao Paulo state government.

Lavras solar financed

PFI Issue 666 - February 12, 2020

Canadian Solar has closed a R$225.2m (US$55m) non-recourse project finance deal backing the 152.4MW Lavras solar power project.

Petrobras launches wind sale

PFI Issue 666 - February 12, 2020

State-run oil company Petrobras has launched the sale of its stakes in a pair of wind farms in Rio Grande do Norte.

Mainstream nears final terms on portfolio deal

PFI Issue 666 - February 12, 2020

Ireland’s Mainstream Renewable Power is nearing a final structure for the financing backing the next phase of its 1.3GW Andes Renovables solar and wind platform.

EDP lands BNDES deal

PFI Issue 666 - February 12, 2020

EDP Renováveis ??Brasil has landed a R$1bn (US$238m) financing backing 319.2MW of wind farms in Rio Grande do Norte.

Engie refinances bonds

PFI Issue 666 - February 12, 2020

Engie Energia Chile has closed a US$500m bond issue to refinance debt with lower pricing and to fund working capital.

Solar pipeline grows

PFI Issue 666 - February 12, 2020

The unsubsidised solar project pipeline in Brazil for schemes shying away from looking to win contracts in public auctions is over 5.5GW, according to a report from Brazil-based consultancy Greener.

Nuclear MoU due

PFI Issue 666 - February 12, 2020

State-run nuclear power company Eletronuclear and US-based Westinghouse have signed a memorandum of understanding (MoU) in Brazil, according to a statement from Brazil’s Ministry of Mines & Energy.

Arroyo in market with refi

PFI Issue 666 - February 12, 2020

Arroyo Energy Investors is in the market looking to refinance the project finance debt at two renewable energy projects.

Teck taps AES for QB2 power supply

PFI Issue 666 - February 12, 2020

Canadian miner Teck has tapped AES Gener to supply power to its Quebrada Blanca Phase 2 (QB2) copper mine in northern Chile.

Elecnor plans transmission project

PFI Issue 666 - February 12, 2020

Spanish group Elecnor through special purpose vehicle Casablanca Transmisora de Energía is planning to develop a 220kV, 106.84km transmission line linking Melipilla and Viña del Mar. The project requires about US$50.5m.

State Grid loan nears close

PFI Issue 666 - February 12, 2020

China’s State Grid is nearing close on a roughly US$2bn loan backing its acquisition of Sempra Energy’s Chilean assets.

Govt eyes oilfield power supply auction

PFI Issue 666 - February 12, 2020

The Government of Ecuador is set to launch a tender to supply electricity to the country’s oil fields.

Atlas taps Prodiel for EPC

PFI Issue 666 - February 12, 2020

Actis-linked Atlas Renewable Energy has tapped Spain’s Prodiel as engineering, procurement, and construction (EPC) manager for the 244MW Sol del Desierto solar photovoltaic project in the Atacama Desert. Construction activity kicked off this January.

Colbun expands and progresses Horizonte

PFI Issue 666 - February 12, 2020

Chilean group Colbun has submitted an environmental impact study for the Horizonte wind scheme, while expanding the project to 980MW from an expected 607MW.

Equinor and Shell buy onshore block

PFI Issue 666 - February 12, 2020

A partnership formed by Equinor and Shell has acquired a 49% interest held by Schlumberger in the Bandurria Sur onshore block in Neuquen province. Each of two 24.5% stakes cost US$177.5m.