Malaysia is launching Green sukuk facilities to finance solar park projects. These are the first Green sukuk in the country and in the region. By Minerva Lau.
GE Renewable Energy, global wind and solar company Mainstream Renewable Power (MRP) and local Vietnamese partner Phu Cuong have signed a US$2bn joint development agreement to develop, build and operate the 800MW Phu Cuong wind farm in Soc Trang province.
Independent power producers (IPP) are expected to conclude discussions soon on the terms and conditions of power purchase agreements and other project documents.
Berkprai Cogeneration, a unit of Ratchaburi Electricity Generating, has raised a Bt4bn (US$117.6m) loan to finance the development of a 100MW Berkprai cogeneration SPP project.
The operator of the Mactan–Cebu International Airport (MCIA) is planning an expansion of the airport. It has submitted a Ps208bn (US$4.2bn) unsolicited proposal for the construction of a second runway and expansion of the airport.
Metro Pacific Tollways Development Corp (MPTDC) is preparing to sign the financing for the 8.25km Ps27.9bn (US$563m) Cebu–Cordova toll bridge, the Cebu–Cordova Link Expressway. It is one of the biggest infrastructure projects outside the Manila region.
The National Economic & Development Authority (NEDA) has approved four infrastructure projects that have an estimated combined value of Ps541.6bn (US$10.9bn).
Publicly listed SPC Power Corporation is looking at potential investments in renewable energy (RE) projects, starting with a hydro venture.
The South Korean government, through the Export-Import Bank of Korea (Kexim), is offering US$1bn of concessional loans to finance infrastructure projects in the Philippines. The loans will be available for six years.
The Philippine Department of Energy has identified 14 sites throughout the country for the development of new power plants. There are seven sites in Luzon, four in the Visayas and three in Mindanao.
MyHSR Corporation of Malaysia and Land Transport Authority of Singapore (LTA) will jointly conduct an industry briefing on July 5 in preparation for a tender for the assets company (assetsco) for the Kuala Lumpur to Singapore High Speed Rail (HSR) project.
Alcantara-owned Alsons Consolidated Resources (ACR) is eyeing an expansion of operations in Indonesia, just south of the Philippines’ Mindanao Island where it is based.
Inpex Masela, the operator of the Masela block, has started the planning phase of the Abadi gas field in the block.
State oil and gas giant Pertamina and state gas company PGN have signed heads of agreement to build pipelines connecting Duri and Dumai in Riau province.
Indonesian state power company PLN is planning to develop a floating photovoltaic solar power plant in Cirata Reservoir, West Java. The company is said to have commenced a feasibility study together with Masdar, the renewable energy developer from Abu Dhabi.
State-owned electricity company Perusahaan Listrik Negara (PLN) intends to issue Rp2trn (US$150m) of bonds to finance its power transmission projects.