Genting Power of Malaysia (58%) and SDIC Power (42%) are understood to have pulled out of a US dollar bond issue they were launching in November to refinance a loan raised for Lestari Banten Energi (LBE) due to market conditions.
The financing process for the Marigold project of Petroliam Nasional (Petronas) and Saudi Aramco is being pushed into the new year. Marigold is the nickname given to the US$15.3bn refinery and petrochemical integrated development (RAPID) project in Johor.
Pertamina has signed a framework agreement with Oman’s Overseas Oil & Gas (OOG) to develop a new U$10bn refinery and petrochemical complex in Bontang on Borneo island.
Indonesia’s state-owned energy giant Pertamina has started the process to upgrade and modernise its 260,000 barrels per day (bpd) Balikpapan refinery in East Kalimantan, as part of its refinery development master plan (RDMP).
The 2x600MW ultra supercritical-pressure pulverised coal-fired power project of Meralco Powergen Corp (MGen) in Atimonan, Quezon has yet to have its power purchase agreement (PPA) approved by the Energy Regulatory Commission (ERC), one year after its Ps107.5bn (US$2bn) loan was signed.
Apo Agua Infrastructure, a unit of Aboitiz Equity Ventures (AEV), has secured a Ps9bn (US$171.4m) loan facility to finance its bulk water project in Davao.
Bangchak Corporation is planning to set up a bio-refinery plant in the Eastern Economic Corridor (EEC), chief executive Chaiwat Kovavisarach told the media.
First Gen Corp is partnering with Tokyo Gas to develop the country’s first LNG terminal project. The two companies have signed a joint development agreement (JDA) regarding the construction and operation of a new LNG import and regasification terminal in Batangas.
The terms of reference (ToR) for another major project under Thailand’s Eastern Economic Corridor (EEC) programme are being finalised and are targeted to be submitted to the cabinet in early December, according to local media.
Forty-two companies are reported to have purchased the bid documents for the expansion project of U-Tapao airport.
Banpu Power of Thailand is planning to develop a 200MW two-phase wind farm in Vietnam. The first phase will be for an 80MW plant that will be located in Soc Trang province in the country’s south region.
Manila Water has been awarded two new water PPP projects in Iloilo province.
The Widodo government is looking at allowing 100% foreign shareholdings in 25 sectors that include power, energy and transportation. The move is aimed to boost foreign investment into the country.
The Jawa 1 combined-cycle gas turbine (CCGT) power plant achieved financial close last week.
Indonesia’s Energy & Mineral Resources Ministry is targeting to have 1GW of rooftop solar installed within the next three years.
Indonesia’s Ministry of Health has started market soundings for a brownfield hospital PPP project.
Kansai Electric Power is understood to have put together a group of lenders for the financing of its maiden hydro project in Myanmar.
Myanmar’s Ministry of Construction has released a shortlist of bidders for the Yangon elevated expressway project being implemented as a PPP scheme.
The Philippine Department of Energy (DOE) has signed a memorandum of understanding (MoU) with the provincial government of Palawan to “localise the planning of renewable energy developments” on the island.
PXP Energy Corp, an upstream oil and gas unit of Philex Mining Corporation, is likely to join Tanglawan Philippines, the joint venture of Dennis Uy’s Phoenix Petroleum Philippines and China National Offshore Oil Corp’s CNOOC Gas and Power Group, in developing a proposed LNG terminal project in the country.