Indonesia is moving closer to its 35GW plan. At least three IPPs will be financed in the first quarter and more are expected later. By Minerva Lau.
The Philippine Department of Tourism (DOT) and Nayong Pilipino Foundation (NPF) have launched the new Nayong Pilipino cultural theme park PPP project with a briefing for potential investors recently.
The Philippine government, through the Project Development & Monitoring Facility (PDMF) committee, has approved funds to conduct feasibility studies and transaction advisory services for the San Ramon Newport Project, a seaport public-private partnership (PPP) project.
The Philippine government has put on hold the Ps75bn (US$1.5bn) PPP project to expand and privatise the operations of Manila’s Ninoy Aquino International Airport (Naia) as the government has decided to come up first with a comprehensive Luzon air gateway master-plan.
State-run Philippine National Oil Co (PNOC) has identified land in Mabini, Batangas as the ideal site for the proposed liquefied natural gas (LNG) complex that it is planning to build ahead of the pending depletion of the Malampaya gas resource.
The Philippine Power Sector Assets & Liabilities Management Corp (PSALM) has started to prepare for the privatisation of the state-run Agus-Pulangi hydroelectric power complex in Mindanao.
MyHSR Corporation of Malaysia and Land Transport Authority (LTA) of Singapore have awarded the advisory or joint development partner (JDP) contract for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project to a consortium comprising WSP Engineering Malaysia, Mott MacDonald Malaysia and Ernst & Young Advisory Services.
The subsidiary of DRB-Hicom has pulled out of the consortium that was recently awarded a 50MW large-scale solar project. Its unit DRB-Hicom Environmental Services partnered with Malakoff to develop the plant in Tanjung Malim.
State-owned Pertamina has recently signed a memorandum of understanding with the East Java provincial government to utilise land owned by the Ministry for Environment & Forestry for the use of the proposed Tuban refinery. The energy company will in turn swap the Ministry’s land with land it owns elsewhere.
Indonesian state-owned oil company Pertamina is planning to launch in late February the bidding process for a strategic partner to develop its new grass root Bontang refinery. By the end of April it aims to announce the successful bidder or bidders.
Indonesian state-owned oil company Pertamina is said to be interested in the Abadi LNG project, which is being developed by Inpex Corp of Japan (65%) and Royal Dutch Shell (35%). It is said to be eyeing a 20% stake in the Masela natural gas block where the Abadi LNG project will source the gas.
Paiton Energy, commonly known as Paiton 1, is considering a bond issue as one of its options in refinancing existing debt. The company is owned by Mitsui &Co, Tokyo Electric Power, Batu Hitam and Nebras Power, which recently acquired a 35.5% stake held by GDF Suez/International Power.