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Monday, 21 October 2019

Masdar appointed on Cirata floating solar

PFI Issue 658 - October 9, 2019

Masdar of the United Arab Emirates has been officially appointed as partner to PLN subsidiary Pembangkitan Jawa Bali (PJB) to develop a 200MW floating solar power plant project on Cirata Dam in West Java, according to Bisnis Indonesia. It will be the largest floating solar project once completed.

Edra Solar sukuk refi detailed

PFI Issue 658 - October 9, 2019

Edra Solar’s proposed M$245m (US$59.3m) sukuk facility to refinance debt on its 50MW solar plant has seven tranches with tenors of three, five, seven, 10, 12, 15 and 18 years. Indicative pricing ranges from 4.15% to 5.2%.

AC Energy and Blue Circle to tap loan funding

PFI Issue 658 - October 9, 2019

AC Energy, the energy platform of the Philippines’ Ayala Group, and Blue Circle will tap limited recourse financing for the first phase of their estimated 700MW renewable energy projects in Vietnam.

First floating solar in Vietnam gets ADB funding

PFI Issue 658 - October 9, 2019

Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) has secured a US$37m corporate loan facility for the development of a 47.5MW peak floating photovoltaic (PV) solar power facility on its existing 175MW Da Mi hydropower plant.

Two Oz funds buy ITE West

PFI Issue 658 - October 9, 2019

Two Australian superannuation funds have acquired the ITE College West PPP project, a vocational education training centre in Singapore. It is the country’s first social infrastructure PPP and the college now has more than 7,700 full-time students.

Govt approves AES Son My 2 IPP

PFI Issue 658 - October 9, 2019

The Vietnamese government has approved the development of AES’s 2.2GW Son My 2 combined-cycle gas turbine project.

Expressways may be offered in open tender

PFI Issue 658 - October 9, 2019

Vietnam’s Ministry of Transport (MoT) is looking at conducting open competitive international bidding for eight road projects within the eastern section of the North-South Expressway.

Gulf MTP signs Map Ta Phut deal

PFI Issue 658 - October 9, 2019

Industrial Estate Authority of Thailand (IEAT) has signed a public-private partnership (PPP) contract with Gulf MTP LNG Terminal for the expansion of the Map Ta Phut Industrial Estate phase 3 (MTP3).

GMR Infra and Thai AirAsia to bid for U-Tapao

PFI Issue 658 - October 9, 2019

GMR Infra is teaming up with low-fare carrier Thai AirAsia as part of a consortium to bid for the US$2bn U-Tapao airport expansion.

GIP team refinances Vena acquisition

PFI Issue 658 - October 9, 2019

The consortium of Global Infrastructure Partners (GIP), PSP Investments and CIC Capital is understood to have completed the refinancing of the acquisition financing for the assets of Equis Energy, now Vena Energy.

Meralco aims for 1.5GW renewables

PFI Issue 658 - October 9, 2019

Manila Electric Co (Meralco) is looking at procuring up to 1.5GW of renewable energy for its portfolio.

Tengeh floating solar attracts four

PFI Issue 658 - October 9, 2019

Singapore’s Public Utility Board (PUB) has received four bids for the development of a 50MW floating solar energy project at Tengeh reservoir. One is from Malaysia and one from Australia. The other two are Singapore companies.

Sunseap wins latest rooftop solar deal

PFI Issue 658 - October 9, 2019

Sustainable energy provider Sunseap Group, through Sunseap Leasing, has won a tender to install more than 170,000 rooftop solar panels on 1,200 Housing & Development Board (HDB) buildings and 49 government sites.

SMC prepares unsolicited proposal for EDSA

PFI Issue 658 - October 9, 2019

San Miguel Corp (SMC) is preparing to submit an unsolicited proposal to develop an elevated expressway above Epifanio de los Santos Avenue (EDSA), one of the most congested highways in Metro Manila.

Hyflux gets another two months' reprieve

PFI Issue 658 - October 9, 2019

Water treatment company Hyflux has received a sixth extension of its debt moratorium and restructuring.

Excelerate gets go ahead for LNG terminal

PFI Issue 658 - October 9, 2019

Excelerate Energy has received a notice to proceed (NTP) from the Philippine government for its proposed LNG facility.

Cypark Ref solar sukuk gets AA3 rating

PFI Issue 658 - October 9, 2019

RAM Ratings has assigned a AA3 rating to the M$550m (US$137.5m) SRI sukuk murabahah programme that Cypark Ref plans to issue. The programme will have a tenor of up to 22 years.

A Brown to enter LNG-to-power

PFI Issue 658 - October 9, 2019

Philippine real estate company A Brown Co Inc (ABCI) is entering the LNG sector in the country.

Metro Clark waits on WtE decision

PFI Issue 658 - October 9, 2019

Metro Clark Waste Management Corp (MCWM) has submitted an unsolicited proposal to build a U$210m waste-to-energy (WtE)facility in New Clark City and is waiting for the government’s decision.

JICA to advise on Legok Nangka WtE

PFI Issue 658 - October 9, 2019

Japan International Cooperation Agency (JICA) has been appointed transaction adviser to Indonesia’s Ministry of Finance (MoF) for the Legok Nangka waste-to-energy (WtE) public-private partnership (PPP) project.