Jawa Satu Power will be setting up two separate borrowing entities. Lenders will be the same for both. By Minerva Lau.
Sponsors of the Nghi Son 2 independent power project (IPP) are now asking banks to respond shortly with pricing for the proposed US$2bn loan facility for the construction of the 1,200MW coal-fired power plant.
The Philippine PPP Center is believed to have withdrawn the bidding process for the Ps50.2bn (US$1bn) regional prison PPP project.
At least nine consortia have indicated interest in bidding for the Philippine regional airports that are being offered as PPP projects.
The consortium comprising the Filinvest Group and JG Summit Holdings are aiming to convert Clark International Airport into a world-class facility by 2020 if their unsolicited proposal is accepted by the government.
Alsons Power Group, through its subsidiary Sarangani Energy Corporation, is building the second 105MW coal-fired power plant in Maasin, Sarangani in Mindanao.
Metro Pacific Tollways Development Corp (MPTDC), a subsidiary of Metro Pacific Investments Corp (MPIC), is developing the Cebu-Cordova toll road under the public-private partnership (PPP) scheme. It plans to raise funds this year.
Twenty-six groups have submitted proposals to state-owned Philippine National Oil Co (PNOC) to build an LNG complex that PNOC plans to develop.
The Philippine Department of Energy (DoE) has given approval to Semirara Mining & Power Corp (SMPC) to develop a coal-fired power plant on Semirara Island.
Meralco PowerGen Corp (MGen) has issued requests for proposals (RFPs) from banks to finance the proposed 1,200MW Atimonan supercritical coal-fired power plant.
First Gen Corp is considering the refinancing of the US$668.7m mult-tranche facility raised for the development of the 1,000MW gas-fired Santa Rita power plant.
Energy developer Solar Philippines is seeking about Ps3.8bn (US$76m) of debt to finance its proposed solar power plant that will have a capacity of about 150MW, up from the 80MW–100MW initially planned.
The signing of the 15-year US$250m loan facility to develop Sembcorp Industries’ 225MW Myingyan IPP project is now targeted to be held in the second quarter, instead of this month, as the relevant parties are still working on documentation issues.
Financial adviser SMBC is planning a Q2 roll-out of the financing for the estimated US$2.18bn Pengerang integrated deep-water terminal of Dialog Group, Vopak and Petroliam Nasional (Petronas).
The consortium consisting of Star Energy Group Holdings and Star Energy Geothermal of Indonesia (68.31%), AC Energy of the Ayala Corp Group of the Philippines (19.8%) and Electricity Generating of Thailand (Egco, 11.89%), are targeting to complete the acquisition of Chevron assets by the end of this month.
Medco Power and Ratchaburi Electricity of Thailand are planning to raise between US$210m and US$260m of debt financing for the 250MW Riau gas-fired power plant project that was recently awarded to them.