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Monday, 21 August 2017

PLN

Paiton launches big refi package

PFI Issue 606 - July 26, 2017

Paiton Energy has launched a loan and bond financing package. This is the biggest power refinancing seen in Indonesia so far. By Minerva Lau

Megawide/GMR interested in Clark Airport

PFI Issue 606 - July 26, 2017

A consortium comprising the listed Megawide Construction Corp and Bangalore-based airport operator GMR Infrastructure has indicated interest in participating in the Ps12.55bn (US$248m) expansion of Clark Airport.

Six keen on the LNG hub

PFI Issue 606 - July 26, 2017

AgState-run Philippine National Oil Co (PNOC) has received six proposals for its proposed development of a liquefied natural gas (LNG) hub or terminal in the country.

TransCo in talks for FiT funds

PFI Issue 606 - July 26, 2017

The Philippine National Transmission Corp (TransCo) is in talks with the World Bank and Asian Infrastructure Investment Bank (AIIB) for an interest-free loan of up to Ps20bn (US$400m) to cover the Ps8bn backlog payments to renewable energy developers under the feed-in tariff (FiT) system.

MPIC to propose new Cavitex expressway

PFI Issue 606 - July 26, 2017

Metro Pacific Investments Corp (MPIC) is planning to propose an unsolicited Ps20bn (US$400m) elevated expressway project that will connect the Manila-Cavite Toll Expressway (Cavitex) to the Port Area in Manila.

AES Corp mulls Masinloc exit

PFI Issue 606 - July 26, 2017

AES Corp is considering the sale of its controlling stake in the 630MW Masinloc coal-fired power plant in the Philippines.

New Bulacan airport proposal submitted

PFI Issue 606 - July 26, 2017

San Miguel Corp (SMC) has submitted an unsolicited proposal for a new international airport to be located in Bulacan.

Aboitiz to acquire 100% stake in Sacasun

PFI Issue 606 - July 26, 2017

Aboitiz Power will be acquiring a 100% stake in the Sacasun solar power projects. Aboitiz and its partner SunE Solar, a subsidiary of US renewables company Sunedison, have signed a “compromise agreement” to allow the foreign partner to exit from their 59MW solar power plants in San Carlos, Negros Occidental.

Keppel appoints lead banks for MEDP

PFI Issue 606 - July 26, 2017

Keppel Infrastructure is understood to have appointed MUFG and OCBC as lead banks for the debt financing required for the development of the Marina East desalination plant (MEDP), the country’s fourth desalination plant.

Megawide goes into rail sector

PFI Issue 606 - July 26, 2017

Megawide Construction Corp is venturing into the rail sector with the acquisition of a stake in a consortium that plans to develop an elevated 9.77km line between Diliman in Quezon City and Lerma in the City of Manila.

Tata Power proposes new renewable energy plant

PFI Issue 606 - July 26, 2017

Tata Power of India is proposing to develop a renewable energy plant in Phu Yen province on the south central coast of Vietnam.

Three new power plants get govt nod

PFI Issue 606 - July 26, 2017

Three proposed power plants have received approval from the Department of Energy to go ahead and conduct grid-impact studies.

Project 4a rating due

PFI Issue 606 - July 26, 2017

Sponsors of Project 4a are expecting a sukuk rating to be assigned to Southern Power Generation (SPG), the joint venture company that will develop a 1,440MW (2x720MW) combined-cycle gas turbine project, next month.

AC Energy partners with UPC Renewables

PFI Issue 606 - July 26, 2017

A unit of AC Energy Holdings (AC Energy) has partnered with UPC Renewables Asia Pacific Holdings and UPC Renewables on a power project in Indonesia.

LG plans petchem in West Papua

PFI Issue 606 - July 26, 2017

LG International of South Korea is partnering with local firm Duta Firza to develop a US$1.3bn petrochemical plant in Bintuni, West Papua.

Cirebon sponsors request revised permit

PFI Issue 606 - July 26, 2017

The sponsors of Cirebon Energy Prasarana (CEP), Cirebon 2, have submitted a request to the environment office of the West Java provincial government for a revised environmental permit for the proposed 1,000MW coal-fired power plant.

Java 1 developers in talks with FSRU operators

PFI Issue 606 - July 26, 2017

The sponsors of Jawa Satu Power, the project company for the development of the Java 1 2,000MW gas-fired power plant, are believed to be in advanced talks with the Indonesian operator of one of the two existing floating storage regasification units (FSRUs) in the country.

Govt agrees higher tariff for hydros

PFI Issue 606 - July 26, 2017

Indonesia’s Ministry of Energy & Mineral Resources has issued Regulation No 43/2017, which amends the tariff ceilings applicable to hydro power projects.

Medco Energi signs deal for Aceh Block A

PFI Issue 606 - July 26, 2017

Medco Energi has signed a financing agreement for the development of Block A Aceh with three international banks, whose names were not revealed. It added that the project is on track and on budget, and is now 48.9% complete with first gas on schedule for Q1 2018.