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Friday, 14 December 2018

Information infra becomes the new asset class

PFI Issue 639 - December 12, 2018

Information infrastructure such as data centres, land title offices and other data information storage functions, has become the new asset class with more than US$4bn worth of deals already done and more than US$2bn deals in the pipeline.

Epuron secures solar debt finance

PFI Issue 639 - December 12, 2018

Epuron has received a A$22.2m (US$16m) debt package from local debt house Infradebt to fund its solar projects in the Northern Territory.

Renewables record massive investment boom

PFI Issue 639 - December 12, 2018

Renewable energy and storage projects adding up to more than A$20bn (US14.4bn) of investment have now been committed across the country, according to new figures released by the Clean Energy Council.

Investment banks vie for WHT mandate

PFI Issue 639 - December 12, 2018

The New South Wales government is expected to award the mandate for a scoping study of the A$15bn (US$10.8bn) Western Harbour Tunnel project before Christmas.

AMP funds student accommodation PPP

PFI Issue 639 - December 12, 2018

AMP Capital, through its AMP Capital Diversified Infrastructure Trust (ADIT), has entered into a 40-year student residences contract with the University of Melbourne.

Verdant Minerals in line for NAIF PF

PFI Issue 639 - December 12, 2018

Verdant Minerals has received a term sheet from the North Australian Infrastructure Fund for a A$160m (US$117.8m) long-term loan to fund its Ammaroo phosphate project in the Northern Territory.

New Hope funds Bengalla mine acquisition

PFI Issue 639 - December 12, 2018

Mining company New Hope’s A$900m (US$658m) acquisition of 80% of the Bengalla coal mine in the Hunter Valley of New South Wales is to be funded through a A$600m syndicated debt facility and a A$300m facility for performance bonds, letters of credit and other contingent instruments.

Nexif Energy secures wind farm debt

PFI Issue 639 - December 12, 2018

The CEFC and specialist infrastructure debt investment manager Westbourne Capital have committed A$160m (US$115m) in debt finance to construct Stage II of Nexif Energy’s 212MW Lincoln Gap Wind Farm in South Australia.

Samurai wind farm refinancing takes off

PFI Issue 639 - December 12, 2018

MUFG has tapped the Samurai loan market for refinancing wind projects with the 420M Macarthur wind farm in Victoria and the 131MW Waterloo wind farm in South Australia its latest deals.

Momentum Rail in exclusive Regional Rail talks

PFI Issue 639 - December 12, 2018

Momentum Rail, comprising CAF/Pacific Partnerships/CIMIC/DIF/UGL with MUFG advising, is in exclusive talks with the New South Wales government on the A$1bn (US$720m) Regional Rail rolling stock PPP.

Malakoff pushes Macarthur wind sale button

PFI Issue 639 - December 12, 2018

Malakoff Corporation, which hired Rothschild in June to sell its 50% share in the 420MW Macarthur wind farm in Victoria, is reported to have pushed the button to start the sale.

Kansai and Sumitomo look to refinance Bluewaters debt

PFI Issue 639 - December 12, 2018

Kansai Electric and Sumitomo Corp, the owners of the Bluewaters power stations in West Australia, are reported to have hired MUFG to refinance about A$600m (US$472m) of debt due in 2020.

S Korean company to build gas import terminal

PFI Issue 639 - December 12, 2018

South Korean company EPIK Co is reported is to be ready to build a US$430m a liquefied natural gas floating storage and regasification unit at the Port of Newcastle north of Sydney.

Two Snowy Hydro projects look for finance

PFI Issue 639 - December 12, 2018

Two of the projects that secured 15-year power purchase agreements (PPAs) from the recent renewables auction held by Snowy Hydro are reported to be seeking finance.

Adani to self-fund mine

PFI Issue 639 - December 12, 2018

India’s Adani Enterprises will fully fund its coal mine and rail project in Australia itself, the company said last week. Last year, the company said it was looking to borrow less than A$2bn (US$1.46bn) to get the project off the ground, targeting its first exports in March 2020.

Rio to develop Koodaideri mine

PFI Issue 639 - December 12, 2018

Rio Tinto is to develop the US$2.6bn Koodaideri iron ore mine in Western Australia. The mine will deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing plant and infrastructure including a 166km rail line connecting the mine to the existing network.

John Laing buys into Granville wind farm

PFI Issue 639 - December 12, 2018

John Laing has bought 49.8% of the equity of the 112MW Granville Harbour Wind farm in Tasmania from Palisade’s Renewable Energy Fund for about A$40m.

Healthscope repays PF debt

PFI Issue 639 - December 12, 2018

Hospital operator Healthscope has repaid the A$690m (US$509m) project finance debt of its Northern Beaches PPP hospital in Sydney through the more than A$400m project deed payment from the New South Wales government and proceeds from its recent sale of its Asian pathology business.

NSW looks at fast rail

PFI Issue 639 - December 12, 2018

The New South Wales government has commissioned a study into building a fast rail network between Sydney, Newcastle, Wollongong and the Central Coast.

CSIRO calls for solar tenders

PFI Issue 639 - December 12, 2018

Australia’s premier science organisation, the CSIRO, is reported to be calling for tenders to develop 850kW of solar at the Canberra Deep Space Communications Complex located in Tidbinbilla, about 34km south-west of the Canberra CBD.

Walcha rehub looks to add hydro

PFI Issue 639 - December 12, 2018

Advisory firm Energy Estate and developer MirusWind are reported to have signed a JV with engineering firm Arup to build a pumped hydro plant alongside its planned 4GW solar and wind renewables hub at Walcha in the New England tablelands.