sections

Wednesday, 15 August 2018

Dam Nai wind secures local financing

PFI Issue 630 - July 25, 2018

Singapore-headquartered The Blue Circle in association with local partner TSV Investments and Armstrong SEA Clean Energy Fund are setting up a 40MW Dam Nai wind project.

Eight keen on Tuaspring

PFI Issue 630 - July 25, 2018

Eight bidders are reportedly interested in acquiring the Tuaspring water and power plant project.

Xepian-Xe Nam Noy dam IPP collapses

PFI Issue 630 - July 25, 2018

Several people are dead and hundreds are missing after the US$1.02bn hydropower plant being built by Xe Pian–Xe Nam Noy Power Co (PNPC) collapsed on Monday evening, releasing billions of cubic metres of water that swept away homes, the Attapeu provincial administration office said. It has announced relief aid for flood victims.

Sunseap consortium to raise solar PF

PFI Issue 630 - July 25, 2018

A consortium comprising Singapore-based Sunseap (51%), Infraco Asia and CMX Renewable Energy plans to raise about US$120m in limited recourse financing to fund the development of a 168MW solar power farm in Ninh Thuan province.

PTTEP eyes gas-fired IPP

PFI Issue 630 - July 25, 2018

SET-listed PTT Exploration & Production (PTTEP) has proposed to the Myanmar government the development of a large gas-fired power plant that will be located south-west of Yangon. The proposal includes an offshore gas pipeline connected to an onshore facility.

NAIA Consortium’s proposal gets DoTr nod

PFI Issue 630 - July 25, 2018

The Philippines’ Department of Transport (DoTr) has recommended to the Manila International Airport Authority (MIAA) that the rehabilitation and expansion of the Ninoy Aquino International Airport (NAIA) proposal by the NAIA Consortium be accepted as an unsolicited proposal. This is the first but important step towards recognition of the proposal.

Two desal loans signed

PFI Issue 630 - July 25, 2018

The debt financings for two desalination plants have been signed.

Inalum to approach foreign banks

PFI Issue 630 - July 25, 2018

State-owned mining holding company Indonesia Asahan Aluminium (Inalum) is understood to be approaching foreign banks to finance its acquisition of a major stake in Freeport McMoRan, the project company for the Grasberg copper and gold mine, one of the biggest in the world.

PLN auctions transmission project

PFI Issue 630 - July 25, 2018

PLN is understood to be auctioning a transmission project. It is not clear where the transmission lines will be located as PLN has a number of transmission projects in its power development plan that seeks to double its current capacity.

Govt cancels four IPPs

PFI Issue 630 - July 25, 2018

The Government has cancelled four new independent power producer (IPP) contracts that were negotiated directly by the previous administration to build up capacity.

Port projects come under review

PFI Issue 630 - July 25, 2018

The new Malaysian government has now moved its cost-cutting focus to the two major port projects that were proposed during the previous administration. One is the giant port in Selangor and the other an offshore development in Melaka.

SMC to propose new bridge to Boracay

PFI Issue 630 - July 25, 2018

San Miguel Corporation (SMC) plans to submit an unsolicited proposal to develop a bridge connecting Caticlan to Boracay island, an island popular with tourists for its beaches.

Cavite expressway approval due

PFI Issue 630 - July 25, 2018

Metro Pacific Group is expected to be awarded original proponent status (OPS) soon for the unsolicited proposal to develop the Cavite-Tagaytay-Batangas Expressway (CTBEx).

Govt could step in on LNG

PFI Issue 630 - July 25, 2018

The Department of Energy is waiting for formal proposals for the construction of an LNG terminal that is being planned ahead of the expected depletion of gas supply at the Malampaya gas field, according to Leonido Pulido, assistant secretary at the department, who spoke to the media.

Riau 1 IPP to be suspended

PFI Issue 630 - July 25, 2018

The development of the 600MW Riau 1 coal-fired power plant is expected to be suspended due to investigations into alleged bribery and corruption that involves a shareholder in sponsor BlackGold Natural Resources.

YTL and Bakrie target TJA signing this year

PFI Issue 630 - July 25, 2018

YTL Power (80%) and Bakrie Group (20%) are looking to raise financing this year for their 1,320MW Tanjung Jati A coal-fired power plant after agreeing a 30-year power purchase agreement (PPA).

Officials plan Singapore visit for HSR talks

PFI Issue 630 - July 25, 2018

An official representative from Malaysia will be visiting Singapore to discuss the Kuala Lumpur-Singapore high-speed rail (HSR) project by the end of the month, Malaysian economic affairs minister Mohamed Azmin Ali said last week.

China and SK show interest in North Sumatra LRT

PFI Issue 630 - July 25, 2018

China and South Korea have shown interest to develop a 160km light rail transit (LRT) project in Northern Sumatra. The LRT will connect the provincial capital of Medan to the Lake Toba resort area.

Impact Electrons Siam in financing talks

PFI Issue 630 - July 25, 2018

Thailand’s Impact Electrons Siam is understood to be in talks with banks about the financing of a 600MW wind power project in southern Laos.