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Saturday, 20 April 2019

Signing begins for huge RAPID loan

PFI Issue 646 - April 10, 2019

Petroliam Nasional (Petronas) and Saudi Aramco have started the signing process of their 15-year US$9.7bn loan facility, about eight months since it was launched to the market last year.

Sunseap secures funds for 50MW rooftop solar

PFI Issue 646 - April 10, 2019

Solar developer Sunseap has secured a S$50m (US$37m) loan facility to finance the development of a 50MW portfolio of rooftop solar projects in Singapore, the first such financing in the region.

Hyflux cancels Salim-Medco investment

PFI Issue 646 - April 10, 2019

Troubled water treatment company Hyflux cancelled the rescue deal that was offered by SM Investments of Indonesia.

Cocopower proposes US$500m WtE in Bataan

PFI Issue 646 - April 10, 2019

Cocopower Energy has submitted an unsolicited proposal to develop a waste-to-energy project in the freeport area in Mariveles, Bataan.

ADB shortlists legal counsel for road projects

PFI Issue 646 - April 10, 2019

The Asian Development Bank (ADB) has shortlisted law firms to be its legal counsel for road projects in Myanmar. The list is believed to include Pinsent Masons.

Pelindo III plans LNG terminal

PFI Issue 646 - April 10, 2019

State port operator Pelabuhan Indonesia (Pelindo) III is planning to develop an LNG terminal at the Teluk Lamong Terminal, Tanjung Perak Port in Surabaya.

Nebras Power staying in Paiton

PFI Issue 646 - April 10, 2019

Nebras Power is keeping its 35.5% stake in Paiton Energy, rejecting speculation that the Qatari energy company was considering selling its interest.

Masela LNG delayed on project cost

PFI Issue 646 - April 10, 2019

Inpex’s Masela liquefied natural gas terminal project continues to be delayed by talks over the cost. The Indonesian government and Inpex Corporation have yet to reach agreement on the cost of the LNG plant as their respective estimates have been different.

Vung Ang 2 CFPP to go ultra-supercritical

PFI Issue 646 - April 10, 2019

OneEnergy Asia will be changing the technology it will apply to its US$2.2bn Vung Ang 2 coal-fired power plant in the Ha Tinh province of Vietnam.

April deadline for NAIA

PFI Issue 646 - April 10, 2019

The NAIA Consortium has until the end of April to complete its concession agreement with the government for the repair and modernisation of Ninoy Aquino International Airport (NAIA).

Bulacan airport concession decision in Q3

PFI Issue 646 - April 10, 2019

The Philippines’ Department of Transportation (DoTr) is expected to award the concession to develop and operate an international airport in Bulacan by Q3.

Shell seeks Malampaya extension

PFI Issue 646 - April 10, 2019

Shell Philippines Exploration (SPEx) is seeking a six-year extension of Service Contract 38, the Malampaya natural gas field, to explore other areas in northwest Palawan. Shell’s current contract will expire in 2024.

Siargao Airport gets unsolicited proposal

PFI Issue 646 - April 10, 2019

The Philippines’ Department of Transportation has received an unsolicited proposal for an operation and maintenance contract for the Siargao Airport (Sayak Airport) in Surigao del Norte in Mindanao.

Meralco Marubeni signs New Clark City JV

PFI Issue 646 - April 10, 2019

Meralco Marubeni Corp, a consortium comprising Manila Electric (60%), Marubeni (20%), Kansai Electric Power (10%) and Chubu Electric Power (10%), has signed a joint venture agreement with Bases Conversion & Development Authority (BCDA) for the power distribution project in New Clark City.

Water agency to get unsolicited proposal

PFI Issue 646 - April 10, 2019

A joint venture of ITP Construction and Maharlika Bulk Water plans to submit an unsolicited water supply proposal to Metropolitan Waterworks and Sewerage System (MWSS), the water agency for the Metro Manila region.

Maynilad selects Megawide team for Las Pinas

PFI Issue 646 - April 10, 2019

Maynilad Water Services has awarded engineering company Megawide Corp and its partner MUL the contract to build its Las Pinas water treatment facility.