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.
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 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.
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 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 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%).
Russia’s Novatek and Zarubezhneft have signed a memorandum of understanding (MoU) to cooperate in Vietnam with Total Gas & Power and Siemens.
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.
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.
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).
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.
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.
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 Indonesia is planning to tap bank loans to finance the construction of a US$3bn smelter or purification facility in Gresik, East Java.