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Wednesday, 21 August 2019

Mong Duong refis with Vietnam’s first PF bond

PFI Issue 654 - July 31, 2019

Sponsors of the Mong Duong 2 coal-fired power plant have successfully concluded a 9.8-year US dollar bond facility that will take out its existing loans.

Gulf Energy signs offshore wind PPA

PFI Issue 654 - July 31, 2019

Gulf Energy Development (GED) of Thailand has signed a 20-year power purchase agreement with Vietnam Electricity (EVN) for the first 30MW phase of the proposed Binh Dai offshore wind farm in Ben Tre province in southern Vietnam, 100km south of Ho Chi Minh City.

Govt invites pitches for HSR legal role

PFI Issue 654 - July 31, 2019

The government is inviting legal firms to make pitches for the advisory role on the proposed US$7bn Bangkok–Rayong High-Speed Railway PPP.

Consortium keen on Long Thanh airport

PFI Issue 654 - July 31, 2019

A consortium led by Airports Corporation of Vietnam (ACV) is keen to be one of the sponsors or investors on the proposed Long Thanh International Airport in Dong Nai province.

JV deal signed for Makati subway

PFI Issue 654 - July 31, 2019

A joint venture agreement (JVA) has been was signed for the development of the Makati City Subway public-private partnership (PPP) project between the Makati city government and Philippine Infradev Holdings (PIH), formerly known as IRC Properties, a real estate company.

PNOC forms another Chinese partnership

PFI Issue 654 - July 31, 2019

State-run Philippine National Oil Co (PNOC) has partnered with another company from China to invest in various oil and gas infrastructure projects in the country.

Nexi provides cover on Ahlone equity

PFI Issue 654 - July 31, 2019

Nippon Export & Investment Insurance (Nexi) will be providing overseas investment insurance for the equity participation by Chugoku Electric Power and Shikoku Electric Power into the operation of the Ahlone natural gas-fired power plant.

MPIC proposes expressway with tunnel

PFI Issue 654 - July 31, 2019

Metro Pacific Investments Corp (MPIC), through its subsidiaries, has submitted an unsolicited proposal for an expressway with an underground section to help decongest traffic in the Manila Bay area. It now expects to receive original proponent status (OPS).

ESIA consultant appointed for Kyaukpyu port

PFI Issue 654 - July 31, 2019

Chinese company Citic has appointed Canadian company Hatch to perform the environmental and social impact assessment (ESIA) of the Kyaukpyu deep sea port project which it is developing.

Quantum Solar achieves COD

PFI Issue 654 - July 31, 2019

The Quantum Solar Park (Semenanjung) project company achieved its commercial operation date (COD) on May 31 2019, almost 1-1/2 years after the original completion target date of end-2017.

KAJV to tap sukuk for water project

PFI Issue 654 - July 31, 2019

KAJV Konsortium plans to issue a M$1bn (US$244m) sukuk programme to finance the Kuala Terengganu Utara (KTU) water supply project.

French ECA to support PSN’s satellite

PFI Issue 654 - July 31, 2019

The Pasifik Satelit Nusantara (PSN)-led consortium is understood to be planning to tap the French export credit agency (ECA) and French banks to support the financing of the multifunction satellite project awarded to it on a public -private partnership (PPP) basis.

Cypark plans solar sukuk

PFI Issue 654 - July 31, 2019

Cypark Resources, via its subsidiary Cypark Ref, is planning a maiden sustainable and responsible investment (SRI) Islamic bond offering after setting up a M$550m (US$135.7m) programme to fund construction of solar power projects.

Road authority to offer seven toll projects

PFI Issue 654 - July 31, 2019

Indonesia Toll Road Authority (BPJT) plans to launch tenders for at least seven transport projects with worth a combined Rp151.15trn (US$10.83bn).

Revised offer from NAIA Consortium

PFI Issue 654 - July 31, 2019

The Philippine Department of Transportation (DOTr) has received a second revised proposal from NAIA Consortium to renovate Ninoy Aquino International Airport (NAIA).

RAPID bridge loan to be extended again

PFI Issue 654 - July 31, 2019

The US$8bn one-year bridge loan raised by Petronas and Saudi Aramco for their RAPID joint venture project in Johor is likely to be extended for the second time.

MISC to refinance Bergading FSO loan

PFI Issue 654 - July 31, 2019

MISC is understood to be refinancing a loan for the construction of its floating, storage and offloading (FSO) vessel Mekar Bergading, in the North Malay Basin Field in north-east Peninsular Malaysia.

FC on Sihanoukville Expressway

PFI Issue 654 - July 31, 2019

China Road & Bridge Corporation (CRBC) has reached financial close on a US$1.8bn loan facility for the development of the Sihanoukville Expressway, according to legal adviser Hunton Andrews Kurth.

EDC qualifies 19 for 60MW solar scheme

PFI Issue 654 - July 31, 2019

State utility Electricite Du Cambodge (EDC) and transaction adviser Asian Development Bank have opened technical bids and qualified 19 of the 26 bidders for Cambodia’s first auction for a solar energy project.

DP World, Maspion ink Gresik port agreement

PFI Issue 654 - July 31, 2019

DP World of Abu Dhabi and Maspion Group of Indonesia have signed agreements to build a container port and an industrial logistics park in Gresik, East Java.