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Wednesday, 13 December 2017

Myingyan IPP reaches financial close

PFI Issue 615 - December 13, 2017

The 225MW gas-fired Myingyan IPP project of Sembcorp Industries has reached financial close, with funds already being disbursed.

EoIs in for mine-mouth IPPs

PFI Issue 615 - December 13, 2017

Pembangkitan Jawa-Bali (PJB) and Indonesia Power (IP), subsidiaries of PLN, have received expressions of interest (EoIs) to be a partner with a 49% stake in the development of up to seven IPPs.

Tokyo Gas in First Gen LNG talks

PFI Issue 615 - December 13, 2017

Tokyo Gas is in talks with First Gen Corporation regarding its planned liquefied natural gas (LNG) investments in the Philippines, Tokyo Gas executive director Kunio Nohata told the media during a World LNG Summit in Portugal.

DOTr signs PNR extension project

PFI Issue 615 - December 13, 2017

The Philippine Department of Transportation (DOTr) and the NSTren Consortium have signed a contract for the construction of the Philippine National Railway (PNR) Clark Phase 1.

Metro Group appoints Cordova Link EPC

PFI Issue 615 - December 13, 2017

Metro Pacific Tollways Development Corp (MPTDC) has awarded Cebu Link Joint Venture (CLJV) the Ps22.6bn (US$447m) contract to build and design the Cebu-Cordova Link Expressway (CCLEx).

Loan signed for Nam Theun 1

PFI Issue 615 - December 13, 2017

A group of Thai commercial banks have provided a loan of about US$934.5m in Thai baht equivalent to Nam Theun 1 Power Co Ltd (NT1 Power), the project company set up to develop and build the Nam Theun 1 hydroelectric power plant (HPP).

ExxonMobil gets Blue Whale FA

PFI Issue 615 - December 13, 2017

ExxonMobil, which is partnering with state-owned energy group PetroVietnam, has appointed SMBC as its financial adviser for the development of the Blue Whale project, the country’s biggest gas project.

Novatek signs MoU with Siemens and Total

PFI Issue 615 - December 13, 2017

Novatek Gas, a subsidiary of Novatek, which is one of Russia’s largest independent natural gas producers, has signed a memorandum of understanding (MoU) with Total and Siemens to pursue opportunities on LNG sales in Vietnam.

Govt approves Bangkok HSR

PFI Issue 615 - December 13, 2017

Thailand’s National Environment Commission is reported to have approved the environmental impact assessment report on the 253km high-speed rail (HSR) project from Bangkok to the north-eastern province of Nakhon Ratchasim, allowing the project to proceed.

Kepco signs on 1GW storage facilities

PFI Issue 615 - December 13, 2017

Korea Electric Power Industrial Development Co (KEPID), a unit of Korea Electric Power Co (Kepco), has signed a memorandum of understanding with Thai renewable energy provider Enserv Group to install over 1GW of solar and energy storage facilities in Thailand.

ADB into Gulf Energy IPO

PFI Issue 615 - December 13, 2017

The Asian Development Bank (ADB) has subscribed to 64m shares worth Bt2,880m (US$88m) in an initial public offering of Thailand’s Gulf Energy Development. Gulf Energy has raised Bt23,999m through a recent offering and trading on the Stock Exchange of Thailand (SET) has commenced.

SCB funds Wind Energy

PFI Issue 615 - December 13, 2017

Wind Energy Holdings (WEH) has raised Bt37bn (US$1.14bn) of loans to finance the development of five wind farms with a combined 450MW capacity.

ADB may consult on PNOC LNG

PFI Issue 615 - December 13, 2017

State-run Philippine National Oil Co (PNOC) is understood to have approached the Asian Development Bank (ADB) to be its consultant for the planned US$2bn liquefied natural gas terminal project.

Manila Water wins Leyte

PFI Issue 615 - December 13, 2017

Manila Water has won the Leyte Metropolitan Water District (LMWD) PPP project to design, build, renovate, maintain, operate, finance, expand, and manage the water supply and sanitation facilities.

EWC finally secures IPP land rights

PFI Issue 615 - December 13, 2017

Energy World Corporation (EWC) has finally secured land ownership and right of way access for its 600MW Pagbilao power plant to the Philippines’ National Grid connection point.

Vivant and GBPC tie up for La Union CFPP

PFI Issue 615 - December 13, 2017

Cebu-based Vivant Corp, through its Vivant Integrated Generation Corp (VIGC), has signed a pre-development agreement (PDA) with Global Business Power Corp (GBPC) to build a 2x335MW coal-fired power plant in La Union province.

Tenaga leads solar wins

PFI Issue 615 - December 13, 2017

Malaysia’s Energy Commission has awarded 41 bidders projects in five capacity packages totalling 562MW in the latest round of bidding, its second, for large-scale solar PV plants for 2019/20.

Pertamina and Rosneft set up refinery JV

PFI Issue 615 - December 13, 2017

Pertamina through its subsidiary Kilang Pertamina Internasional, and Russia’s Rosneft through its affiliate Petrol Complex, have set up a joint venture company called Pertamina Rosneft Pengolahan dan Petrokimia.

JGC wind Cepu gas processing plant

PFI Issue 615 - December 13, 2017

Pertamina EP Cepu, a unit of state oil and natural gas mining company Pertamina, has awarded JGC Corporation of Japan and Rekayasa Industri of Indonesia the engineering, procurement and construction (EPC) contract for a gas processing plant in Bojonegoro, East Java.

Andalas signs gas for Sumatra 1 IPP

PFI Issue 615 - December 13, 2017

UK-based Andalas Energy & Power is developing a 40MW gas-fired well-head power plant with Sinar Era Gemilang (SEG).