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Tuesday, 21 February 2017

Mauricio Macri

Structures emerge for RenovAr

PFI Issue 594 - February 8, 2017

RenovAr contracts have been awarded and some have been signed. The task of financing the projects is now taking shape. By Nic Stone

Octopus LNG setback

PFI Issue 594 - February 8, 2017

The Chilean Supreme Court has revoked the environmental permit for the Penco Lirquen or Octopus LNG regasification project in the Bio Bio region. The ruling comes after the Asociación Indígina Koñintu Lafken Mapu group requested a stay on the works.

SMBC pulls out of Magdalena

PFI Issue 594 - February 8, 2017

Japanese lender SMBC has pulled out of its commitment to provide US$250m to the Navelena consortium in charge of the Magdalena River navigability project.

CLISA prices bond

PFI Issue 594 - February 8, 2017

Compania Latinoamericana de Infraestructura y Servicios (CLISA) has closed a US$100m tap of its 9.5% 2023s through BCP Securities and Banco Santander. The company issued US$200m of the notes in July last year, pricing them at 98.753 to yield 9.75%.

Comments sought for toll roads

PFI Issue 594 - February 8, 2017

National land transport agency ANTT has launched a public consultation for potentially R$7.9bn (US$2.53bn) in toll roads. The consultation period will be open until March 17 and seeks contributions to improve the draft contract and tender documents for the BR-101/290/386/448 roadways.

Wind farm gets refi

PFI Issue 594 - February 8, 2017

Developers Bow Power and Sowitec have refinanced the debt backing the 52.8MW Vientos de Pastorale wind project. The refinancing is for US$100m and Credit Agricole and CaixaBank took tickets while the developers committed US$45m in equity, with Sowitec retaining a 10% share.

FDN approves 4G financings

PFI Issue 594 - February 8, 2017

Concessionaire Estructura Plural Vias del Nus (Vinus) has seen its request for a Ps300bn (US$102.1m) senior debt financing backing its private 4G initiative Magdalena 1 approved by state-run lender Financiera de Desarrollo Nacional (FDN).

ANI head wants Odebrecht out

PFI Issue 594 - February 8, 2017

The head of Agencia Nacional de Infraestructura (ANI) Luis Andrade has told reporters that they are “working toward the definitive exit of Odebrecht from Colombia”.

Drawdown nears on 4G loan

PFI Issue 594 - February 8, 2017

The Sociedad Futura Autovía Neiva-Girardot consortium is set to starting drawing down some of the financing it landed backing the Neiva-Girardot 4G private initiative.

Odebrecht to leave Peru

PFI Issue 594 - February 8, 2017

Brazilian construction company Odebrecht said that it was willing to sell off its remaining projects and businesses in Peru as it faces a massive graft inquiry and calls from the government to leave the Andean country.

Details out on electricity auction

PFI Issue 594 - February 8, 2017

Chile’s government has published the guidelines for a new electricity tender slated for later this year. The tender will auction off 4,200GWh overall.

IFC and locals into 4G financing

PFI Issue 594 - February 8, 2017

The International Finance Corporation (IFC) and local banks are set to finance the Santana to Neiva 4G public-private partnership highway project.

Transmission projects floated

PFI Issue 594 - February 8, 2017

National energy commission CNE, through the Coordinador Eléctrico Nacional, has launched a tender for a series of transmission lines in the country. Interested companies will have from February 22 until April 24 this year to put forward proposals.

ProInversion outlines PPP programme

PFI Issue 594 - February 8, 2017

Peru plans to award the rights to develop the Michiquillay copper deposit in a public tender this year, one of 16 public-private partnership projects worth US$4bn that it intends to auction in 2017, the head of the state bidding agency said recently.

Prime Energia lands diesel approval

PFI Issue 594 - February 8, 2017

Prime Energia has won approval for the 50MW San Javier back-up diesel-fired power project in the central-southern Maule region VII. The project will require investment of US$30m and will connect to the SIC grid.

GyM eyes asset sales

PFI Issue 594 - February 8, 2017

Peruvian company Graña y Montero has announced plans to sell up to US$300m in assets following its removal as one of the concessionaires for the Gasoducto Sur Peruano pipeline project.

Scatec and Kroma seek solar financing

PFI Issue 594 - February 8, 2017

Oslo-based solar developer Scatec Solar and local partner Kroma Energia are looking for financing from local and international development banks backing a 150MW cluster of photovoltaic plants in Ceara state.

Spanish group buys wind projects

PFI Issue 594 - February 8, 2017

ACS’ renewable energy subsidiary Saeta Yield has agreed to purchase a pair of operational wind farms in the Maldonado department with a combined capacity of 95MW.

AES lands notes

PFI Issue 594 - February 8, 2017

Power generation company AES Argentina has landed US$300m via the issuance of a 7NC4 bond offering. Credit Suisse, Itau BBA and JP Morgan acted as leads on the 144A/Reg S senior unsecured bonds.

State Grid takes over CPFL stake

PFI Issue 594 - February 8, 2017

State Grid Corp of China has taken formal ownership of controlling stakes in Brazilian power utility CPFL Energia, five months after having signed the agreement for the acquisition.

IIC backs hydro project

PFI Issue 594 - February 8, 2017

Hidronormandia has penned a US$78m financing package led by the Inter-American Investment Corporation (IIC) backing a 49.6MW a run-of-the-river hydropower plant and transmission line on the Upano River in the city of Macas.

Award for Ruta Caribe 2

PFI Issue 594 - February 8, 2017

Agencia Nacional de Infraestructura (ANI) has awarded Grupo KMA Construcciones the contract for the Ruta Caribe 2 public-private partnership highway project. The works have an estimated cost of about Ps1.44tn (US$491m).

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