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Monday, 29 May 2017

Celeo Redes lands bond refinancing

PFI Issue 601 - May 17, 2017

Energy generation and transmission company Celeo Redes has secured a refinancing backing transmission assets in Chile via the bond market. The assets have long-term agreements at fixed prices.

Etrion debt hit by depressed spot prices

PFI Issue 601 - May 17, 2017

Independent power producer Etrion is looking to amend terms on a project finance loan it took out backing the 70MW Project Salvador photovoltaic facility.

Bridge for 4G project

PFI Issue 601 - May 17, 2017

Concesión La Pintada has landed a bridge loan to back its long term financing backing the Pacifico 2 4G project. The works have an overall cost of Ps1.3trn (US$442m).

Pirapora solar lands financing

PFI Issue 601 - May 17, 2017

Developers EDF and Canadian Solar have landed a roughly R$530m (US$169m) term loan from development bank BNDES backing the Pirapora solar complex in Minas Gerais. The project features five photovoltaic facilities worth a combined 150MW. The financing will be pegged to the TJLP rate.

Airport tender due by mid-2018

PFI Issue 601 - May 17, 2017

The tender process for the El Dorado II airport in the capital Bogota will be launched before President Juan Manuel Santos leaves office in August 2018, according to news reports.

Solarpack closes solar financing

PFI Issue 601 - May 17, 2017

Spanish developer Solarpack has closed the financing of three Pequeños Medios de Generación Distribuida (PMGD) distributed generation solar projects in the Atacama Desert. A troika of Chilean banks took tickets in the US$35m deal, according to a company statement.

Maiden transmission PPP lands financing

PFI Issue 601 - May 17, 2017

State-run Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) and development partner Terna have landed a US$56m financing backing Uruguay’s first ever transmission public-private partnership.

Province teams up for biomass project

PFI Issue 601 - May 17, 2017

The Province of Tucuman is holding discussions with energy company YPF Energia Electrica about the development of a biomass facility. 

Issues hit airport P3

PFI Issue 601 - May 17, 2017

Paraguay’s comptroller is reviewing a decision to void the tender for the Silvio Pettirossi international airport public-private partnership. The works were slated to cost around US$250m and would see modernisation works completed at the airport.

Nine bids for airport

PFI Issue 601 - May 17, 2017

Nine applications have been submitted following the Government of Jamaica’s request for qualifications for the new public-private partnership for the Norman Manley International Airport (NMIA). The winner will be tasked with development, financing, operation and maintenance of the facility.

Cemig hits pause on bond

PFI Issue 601 - May 17, 2017

Brazilian power company Cemig decided to postpone a potentially US$1bn bond sale after finishing roadshows recently.

HSBC looks to beef up offerings

PFI Issue 601 - May 17, 2017

HSBC Argentina is launching a dollar-denominated line of credit to help finance infrastructure projects in the country.

Bahia issues LRT tender

PFI Issue 601 - May 17, 2017

The state of Bahia has officially launched the tender to build and operate an 18.5km light rail public-private partnership in the city of Salvador.

Slow pipeline fuels Taesa M&A

PFI Issue 601 - May 17, 2017

Electricity transmission company Taesa wants to take advantage of its comfortable financial position to seek acquisitions, focusing on opportunities that the company thinks may appear in the coming months.

Ruta del Cacao financing progresses

PFI Issue 601 - May 17, 2017

Concesionaria Ruta del Cacao is slowly developing the financing package backing the Bucaramanga–Barrancabermeja–Yondo highway project, one of the second wave of 4G roads.

Itau monitoring infra loans

PFI Issue 601 - May 17, 2017

Itaú Unibanco Holding will continue to monitor the behaviour of loans to large infrastructure companies in Brazil that have been severely affected by a three-year recession, a senior executive said recently.

Valentines wind deal closes

PFI Issue 601 - May 17, 2017

The US$120m debt backing the 70MW Valentines wind project has seen first disbursement. The project is being developed by the government-run Administración de Usinas y Transmisiones Eléctricas (UTE) and project company Areaflin.

Orazul closes bond offering

PFI Issue 601 - May 17, 2017

Orazul Energy’s Peruvian subsidiary has closed a US$550m bond deal. The company intends to use the net proceeds from the offering to refinance an existing acquisition loan facility and existing debt at the company level.

Second Liza FPSO planned

PFI Issue 601 - May 17, 2017

ExxonMobil is planning a second floating production storage and offloading (FPSO) unit at its 1.4bn–2bn barrel Liza and Payara oil field in the Sabroek block.

Modec in on FPSOs

PFI Issue 601 - May 17, 2017

Modec is believed to have put in the cheapest bid on the Sepia floating production storage and offloading (FPSO) unit being procured by Petrobras, ahead of Exmar/Queiroz Galvao Naval. Modec is believed to have bid a day rate of US$720,000 compared with a bid of US$810,000 from Exmar.

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