Marubeni Corp and Korea Electric Power Corp (Kepco) have secured a total financing of about US$1.87bn for the development of the 1,200MW Nghi Son 2 coal-fired power plant.
The Tuas Power-Singapore Technologies Marine consortium (TP-STM) has three banks supporting the financing of Singapore’s fifth desalination plant, which will be located on Jurong Island.
State-owned energy company Pertamina has selected Karunia Utama Perdana and Opicoil Houston as partners to develop the Sanga-Sanga oil block in East Kalimanatan, director general for oil and gas at the energy ministry Djoko Siswanto said during a hearing at the House of Representatives Commission.
The government has shifted to a hybrid public-private partnership (PPP) model, whereby it builds infrastructure projects and later auctions their operation and maintenance to the private sector.
Mizuho, Standard Chartered and SMBC have started syndicating a US$1.1bn multi-tranche loan facility to finance the US$1.9bn acquisition of Masinloc power plants by San Miguel Corp (SMC).
Malaysian utility Tenaga Nasional has signed 21-year power purchase agreements (PPAs) with eight developers of solar energy projects with a total combined capacity of 239.99MW.
Samsung C&E is believed to be out of the race for the 49% stake in the 800MW Java 3 gas-fired power plant. The remaining two bidders are Korea Electric Power (Kepco) and Marubeni Corp.
Indonesia and China last week signed five cooperation agreements worth US$23.3bn under the Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives, according to Indonesia’s Antara news agency.
Indonesia’s Medco Power (51%) and Thailand’s Ratchaburi Electricity (49%) have mandated four financial institutions to lead the proposed financing for SPV Medco Ratch Power Riau, the operator of a 250MW Riau gas-fired power plant.
The Indonesian government will stop issuing new permits for developments of coal-fired power plants (CFPPs) in Java, in a move to mitigate the environmental impact of the plants, said Minister for Energy & Mineral Resources Ignasius Jonan.
The Electricity Generating Public Company (EGCO) team has reached financial close on the US$934.5m Thai baht-equivalent loan to fund construction of the 670MW Nam Theun 1 hydro power plant in Borikhamxay province, Laos.
The PPP Center of the Philippines has expanded its pipeline of public-private partnership (PPP) projects for local government units (LGUs) to seven schemes with an estimated value of Ps34.34bn (US$660m).
B Grimm Power is planning to develop a 420MW solar power plant in Vietnam.
GT Capital Holdings is keen to partner with Metro Pacific Investments Corp (MPIC) to develop infrastructure projects in the country, GT president Carmelo Bautista told analysts.
Germany’s BS Heidelberg Solar will invest in two solar power projects, Hau Giang I and Hau Giang II, in the Mekong Delta province of Hau Giang.
Solar Energy Research Institute of Singapore (Seris) has launched a project to develop offshore energy islands comprising multi-purpose floating systems of photovoltaic modules that will provide power to industrial zones and residential areas, according to local reports.