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Sunday, 23 April 2017

Aela looks to bring in multilateral

PFI Issue 599 - April 20, 2017

Aela Energia, through subsidiary Aela Generacion, has approached the Inter-American Investment Corporation (IIC) about lining up a US$175m financing backing the Sauco and Aurora wind projects.

Terna lines up transmission debt

PFI Issue 599 - April 20, 2017

Terna is looking to line up a roughly US$100m debt and equity financing backing the Melo–Tacuarembo transmission line in the north-east of the country. The company, through affiliate Difebal, is looking to land about US$85m in debt for 85% leverage.

Bogota metro of ‘national strategic interest’

PFI Issue 599 - April 20, 2017

Colombian President Juan Manuel Santos has declared the development of the Bogota Metro a work of “national strategic interest”. The government has said the works will require at least US$7.5bn.

Czech group taps bonds for solar financing

PFI Issue 599 - April 20, 2017

Czech solar developer Solek Group will issue roughly US$20m in bonds on Czech markets backing its solar project pipeline in Chile.

Cemig to speed up negotiations and sales

PFI Issue 599 - April 20, 2017

Cia Energética de Minas Gerais (Cemig) will speed up efforts to renegotiate loans and divest electricity generation, transmission and distribution assets, as the country’s No 3 power utility faces R$8.7bn (US$2.8bn) worth of debt maturities by the end of next year.

YPF seeks power partner

PFI Issue 599 - April 20, 2017

Argentine state-run energy group YPF is looking to bring a partner into its electricity generation unit. The company is looking to inject up to US$1bn into power subsidiary YPF Energia Electrica. The plan involves tapping a financial adviser, before bringing in the partner.

Tender out for highway PPP

PFI Issue 599 - April 20, 2017

The Ministry of Public Works (MOP) has re-launched the tender for the Rutas del Loa highway project. The country’s official gazette published the call for both local and international companies to take part in the tender, which has been re-launched after a past iteration was cancelled.

Schlumberger commits to Vaca Muerta shale

PFI Issue 599 - April 20, 2017

Argentine President Mauricio Macri has announced that oil services provider Schlumberger will invest US$390m in the Vaca Muerta shale deposit. Vaca Muerta, in the province of Neuquen, has an estimated 16bn barrels of oil and 308tn cubic feet of natural gas.

Province brings in Neoen

PFI Issue 599 - April 20, 2017

The provincial Tucuman government has signed a letter of intent (LoI) with French power company Neoen to develop a 200MW solar project on indigenous land in Amaicha del Valle. The project requires some US$250m to develop, according to a statement from the province.

State Power dam bid knocked back

PFI Issue 599 - April 20, 2017

Chinese company State Power Investment Corp (SPIC) has seen its potential purchase of stakes in the 3,568MW Santo Antonio dam knocked back after a rejection of the value and terms of its proposal. SPIC made a binding offer last month to pay R$8bn (US$2.6bn) and take on the R$15bn in debt at the facility.

Borealis takes GNL Quintero stake

PFI Issue 599 - April 20, 2017

Borealis Infrastructure and OMERS have penned an agreement to acquire a 34.6% stake in GNL Quintero from Spanish energy company Enagas. This is the pension plan for Ontario’s municipal employees OMERS’ maiden direct infrastructure investment in South America.

ASUR takes airport stakes

PFI Issue 599 - April 20, 2017

Mexican company Grupo Aeroportuario del Sureste (ASUR) has taken a majority stake in airport concessionaires Airplan and Aeropuertos de Oriente in a deal worth roughly US$262m.

Elecnor lands PV approval

PFI Issue 599 - April 20, 2017

Elecnor affiliate Celeo Energia has won environmental approval for the 93MW Alwa solar photovoltaic project in the province of Arica. The scheme will require some US$200m to develop.

Barrick pens agreement with Shandong

PFI Issue 599 - April 20, 2017

Barrick Gold Corporation has entered into a strategic cooperation agreement with Shandong Gold Group of China.

AUSA lands roadworks loan package

PFI Issue 599 - April 20, 2017

State-owned concessionaire Autopistas Urbanas (AUSA) has agreed a US$252.5m financing package from a syndicate of banks backing road works in the metropolitan area of Buenos Aires.

La Florida signs biomass contract

PFI Issue 599 - April 20, 2017

Electricity company Electrica La Florida has penned a power purchase agreement (PPA) with wholesale market administrator Cammesa for a 45MW biomass project in Tucuman.

Local group lines up financing

PFI Issue 599 - April 20, 2017

A company in the province of Cordoba called Ergios is looking to line up financing as it bids a 23MW wind project into the RevovAr 2 auction coming soon. The company has been studying a site for the project known as Los Jagueles for a number of years and believes it can be expanded to 40MW.

Province launches O&G bidding

PFI Issue 599 - April 20, 2017

The Province of Neuquen through its company Gas y Petróleo (GyP) has launched an oil and gas bid round.

Extension for renewable PPA signings

PFI Issue 599 - April 20, 2017

Project developers that won power purchase agreements (PPAs) during the Genren programme that have since stalled will have until May 15 to sign the contracts. The deadline has been changed three times since November and the Energy Ministry did not explain the pushing back of the deadline in a note.

Five hydro rights to be sold

PFI Issue 599 - April 20, 2017

The Brazilian government will auction off rights to operate five existing hydroelectric dams by September 30 this year, according to a notice published in the official gazette. The projects have a potential combined capacity 2.93GW. Four of the plants are operated by Companhia Energetica de Minas Gerais (Cemig), which is still fighting in courts to retain the operating licences for the plants.

Eletrobras considers fire sale

PFI Issue 599 - April 20, 2017

Latin America’s largest utility Eletrobras is considering the sale of its minority stake in 110 of the 178 special purpose vehicles in which it holds a share.

Seaborn plots another cable

PFI Issue 599 - April 20, 2017

Seaborn Networks and Grupo Werthein have announced a binding agreement to build a new subsea fibre-optic cable system connecting Argentina with Brazil, known as the ARBR system.

Enel seeks EIB for renewables

PFI Issue 599 - April 20, 2017

Enel Green Power has approached the European Investment Bank (EIB) looking for US$150m in financing backing the development of its project pipeline in Peru.

All South America