sections

Thursday, 20 June 2019

Pertamina JTB PF signed

PFI Issue 651 - June 19, 2019

Sponsor Pertamina EP Cepu (PEPC) has signed an upsized US$1.878bn debt package to finance its US$4.6bn Jambaran-Tiung-Biru (JTB) gas field unitisation project. Signing, which was by circulation, is understood to have been completed last week.

Enterprize Energy secures licence for Ke Ga offshore

PFI Issue 651 - June 19, 2019

UK-based Enterprize Energy (EE) has secured a licence to proceed to conduct a survey for its proposed giant wind power farm project to be located offshore Ke Ga cape in the south central province of Binh Thuan.

Gulf taps market again for second 2.5GW IPP

PFI Issue 651 - June 19, 2019

Gulf Energy Development (GED) and Mitsui & Co are back in the bank market to raise funds for Gulf PD, a special purpose vehicle set up for a 2,500MW gas-fired power plant located in Rayong.

EGAT to launch 45MW solar hybrid tender

PFI Issue 651 - June 19, 2019

Electricity Generating Authority of Thailand (EGAT) will release the terms of reference this month for the tender of a 45MW floating solar power project, in the first phase of the 2.7GW of such projects it plans to build between 2020 and 2037.

San Miguel submits to IPP competition

PFI Issue 651 - June 19, 2019

San Miguel Corp (SMC) will submit itself to the competitive selection process (CSP) for its proposed power plants and has held discussions with Manila Electric Co (Meralco).

Inpex inks Abadi LNG HOA

PFI Issue 651 - June 19, 2019

Inpex Corp of Japan has signed a heads of agreement (HOA) with the Indonesian authorities on the basic principles regarding the revised Plan of Development (POD) for the US$20bn Abadi LNG project in the Masela block in the Arafura Sea in Indonesia. It signed on behalf of the contractors – for itself (65%) and for partner Shell (35%).

Novatek signs LNG MoU with Siemens and Total

PFI Issue 651 - June 19, 2019

Russia’s Novatek and Zarubezhneft have signed a memorandum of understanding (MoU) to cooperate in Vietnam with Total Gas & Power and Siemens.

AC Energy completes solar project

PFI Issue 651 - June 19, 2019

AC Energy, the energy platform of Ayala Corp, has completed its second solar project in Vietnam worth US$83m in partnership with AMI Renewables Energy.

August target for RAPID drawdown

PFI Issue 651 - June 19, 2019

Petronas and Saudi Aramco are expected to make their first drawdown in August from the US$5.632bn commercial loan that was raised to part finance the development of their US$15.3bn Marigold project.

Cabinet approves Map Ta Phut Port deal

PFI Issue 651 - June 19, 2019

The Cabinet has approved a renegotiated deal between a consortium led by PTT and Gulf Energy Development to develop the third phase of the Map Ta Phut Port project, one of the mega-projects under the Eastern Economic Corridor (EEC).

SNAP gets local approval for Alimit hydro

PFI Issue 651 - June 19, 2019

SN Aboitiz Power (SNAP), the joint venture of Norway’s SN Power and Aboitiz Power, has received approval from local governments for the planned development of the Alimit hydropower complex in Ifugao province.

SMC to push for Bulacan Airport

PFI Issue 651 - June 19, 2019

San Miguel Corp (SMC) intends to push for development of the Bulacan International Airport, despite the Duterte administration’s order to use Sangley Airport as another gateway for the country.

MRT-7 delayed

PFI Issue 651 - June 19, 2019

San Miguel Corp will delay completion of the Metro Rail Transit Line 7 (MRT-7) project to 2022 from 2020, as the company is still negotiating right-of-way issues.

Freeport seeks loan funding for smelter

PFI Issue 651 - June 19, 2019

Freeport Indonesia is planning to tap bank loans to finance the construction of a US$3bn smelter or purification facility in Gresik, East Java.

Tender this year for Dharmais PPP hospital

PFI Issue 651 - June 19, 2019

The Indonesian government, through the Ministry of Health, is planning to launch the tender this year for the Dharmais hospital PPP project.