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Sunday, 17 February 2019

Banten Energi concludes refi with a bond

PFI Issue 642 - February 13, 2019

Lestari Banten Energi (LBE), the independent power plant developed by Malaysia’s Genting Power and partner SDIC, has successfully raised US$775m via a 20-year project bond issue, bringing some twinkle into the debt market.

Loan RFP out for JTB

PFI Issue 642 - February 13, 2019

Pertamina EP Cepu (PEPC) and financial adviser MUFG have finally rolled out the invitations for the financing of the Jambaran-Tiung Biru (JTB) gas field unitisation project, possibly Indonesia’s largest onshore gas development project to-date.

Cavite govt documents needed for Sangley Airport

PFI Issue 642 - February 13, 2019

The provincial government of Cavite is still to complete the required documents for its US$12bn proposal to develop Sangley Point International Airport (SPIA) in the province.

Thin pricing push delays RAPID deal

PFI Issue 642 - February 13, 2019

Sponsors Petronas and Saudi Aramco are said to be still negotiating with lenders on a lower pricing for their US$9.7bn loan facility, resulting in delays in signing the loan facility.

Van Phong loan signing soon

PFI Issue 642 - February 13, 2019

Sumitomo Corp and financial adviser SMBC are preparing to hold soon, within this quarter, the loan signing for the 1,320MW Van Phong 1 ultra super-critical coal-fired power plant.

Three PPP projects approved for prep funding

PFI Issue 642 - February 13, 2019

The Philippines’ PPP Centre has approved preparatory funding for three PPP projects – the Cultural Center of the Philippines (CCP) asset development project, the Davao Sasa Port modernisation project, and the development, operation and maintenance of the General Santos Port project.

Covanta team unchallenged on QC waste PPP

PFI Issue 642 - February 13, 2019

The Quezon City (QC) local government failed to get any submissions for the Quezon City integrated solid waste management facility project by February 4, the submission date.

PLN to add 736.6MW of renewables in new plan

PFI Issue 642 - February 13, 2019

State-run utility company Perusahaan Listrik Negara (PLN) will be adding 736.6MW of new renewable-based power plants this year, based on the latest power supply business plan (RUPTL in the Indonesian acronym).

Petronas issues RFP on Limbayong FPSO

PFI Issue 642 - February 13, 2019

Petronas has issued a request for proposals (RFP) for a floating production, storage and offloading (FPSO) vessel that will be installed at its Limbayong oil and gas field development.

Govt relaunches tender for two motorways

PFI Issue 642 - February 13, 2019

Thailand’s Department of Highways (DOH), part of the Ministry of Transport, has launched an invitation for bidders to operate and maintain (O&M) two motorways under a public-private partnership (PPP) scheme.

Maybank gives Hyflux another extension

PFI Issue 642 - February 13, 2019

Maybank has given water treatment specialist Hyflux another month to execute a binding agreement with a successful bidder or investor in the Tuaspring integrated water and power plant (IWPP) project. Hyflux now has until February 28 to do so, its fourth extension.

Cordova expressway loan signed

PFI Issue 642 - February 13, 2019

Cebu Cordova Link Expressway Corp (CCLEC), a subsidiary of Metro Pacific Investments Corp (MPIC), has raised a 15-year Ps19bn (US$365m) loan facility to finance the construction of the Cebu-Cordova road project, a toll bridge that connects Mactan island and mainland Cebu.

Phoenix board approves LNG JV with CNOOC

PFI Issue 642 - February 13, 2019

The board of Phoenix Petroleum has officially given its approval for the setting up of a joint venture with China National Offshore Oil Corp (CNOOC) to operate LNG-related trade and services under its proposed integrated LNG hub project, which includes a proposed LNG receiving terminal and the operation of a gas-fired power plant.

Indonesia Power seeks Jambi 1 IPP partner

PFI Issue 642 - February 13, 2019

Indonesia Power (IP), a subsidiary of PLN, is seeking an equity partner to develop, finance, build and operate the Jambi-1 mine-mouth independent power project (IPP) in Sumatra.

MRT Phase 2 faces delays

PFI Issue 642 - February 13, 2019

The Japan-financed Jakarta MRT project is facing delays to its second phase due to the inability of the government to resolve land acquisition issues.

Clark Airport O&M finalised

PFI Issue 642 - February 13, 2019

The Philippines’ Bases Conversion & Development Authority and the North Luzon Airport Consortium have signed a 25-year concession agreement for the operations and maintenance contract for the Clark International Airport.

ExxonMobil awards FEED contract for Blue Whale

PFI Issue 642 - February 13, 2019

ExxonMobil, with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation, has awarded the contract for front-end engineering and design (FEED) to Italy’s Saipem to develop the Blue Whale gas-to-power project, the Ca Voi Xanh (CVX) scheme.