PLN has issued an RFP for the first open bidding IPP. This is a test case for IPPs under the new MEMR regulations. By Minerva Lau
The sponsors of Quantum Solar Park Malaysia have achieved financial close on the M$1bn (US$238m) sukuk facility issued to finance the development of three solar power projects with a combined capacity of 197MW.
Tuas Power and its partner Singapore Technologies Marine (TP-STM) have put together a team of four banks to provide the debt financing for the latest desalination plant that they have competitively won recently.
Manila Water, part of the Ayala Group, has signed a 25-year concession agreement with Obando’s water district to develop the water supply system of the Bulacan municipality.
Infrastructure conglomerate Metro Pacific Investments Corp (MPIC) has submitted a new unsolicited toll road project proposal, the 49km Cavite-Tagaytay-Batangas Expressway (CTBEx).
The consortium comprising Engie, Pertamina and PGN is believed to have appointed Societe Generale as its financial adviser in the bidding for the PLN 10 project.
Two commercial banks, financial adviser MUFG and SMBC, are providing the financing for the 250MW natural gas-fired combined-cycle power plant in Riau province on Sumatra Island.
Chevron has decided to sell its 25% stake in South Natuna Sea Block B (SNSB). Current partner Medco Energi International could acquire the remaining stake and become sole operator and developer of the block.
InfraCorp Development has submitted an unsolicited proposal to build a 2km monorail that will connect Fort Bonifacio to Guadalupe station on the Metro Rail Transit Line 3 (MRT3).
The government is studying six to eight infrastructure projects that will be developed with Chinese overseas development aid (ODA) funding.
Businessman Gregorio Araneta is planning an Energy City LNG project in Bataan and intends to push it forward soon.
Southern Power Generation, the SPV set up to develop a 1,440MW (2x720MW) combined cycle gas-fired plant in Pasir Gudang, Johor, has priced its project sukuk wakalah issue. The proceeds will be used to finance the construction of the plant, also referred to as Project 4a. The size is M$3.665bn (US$870m), and comprises 28 tranches.
The Department of Energy (DOE) has granted Aragorn Power & Energy Corp (APEC) a one-year extension of its permit for the development of a geothermal project at Kalinga, Apayao.
Prosperity International of Hong Kong has signed a memorandum of understanding with the Aceh Darussallam provincial government to develop a hydropower plant with an installed capacity of 1,000MW.