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Wednesday, 18 October 2017

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PLN

Unique RFP for IPP out

PFI Issue 611 - October 18, 2017

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

CLP to go ahead with FSRU

PFI Issue 611 - October 18, 2017

CLP Power is going ahead with the development of a floating storage and regasification unit (FRSU) in Hong Kong.

2i Rete weighs debt options for Gas Natural assets

PFI Issue 611 - October 18, 2017

2i Rete Gas is understood to have lined up loan commitments from Intesa Sanpaolo and UniCredit to back the acquisition of Gas Natural Fenosa’s Italian network, but is said to be considering a €600m bond issue for the long-term financing.

EY for coal

PFI Issue 611 - October 18, 2017

EY is believed to have been appointed by Oman Power & Water Procurement (OPWP) to advise on its 1,800MW coal-fired power project at Duqm.

DEA gets a bank group

PFI Issue 611 - October 18, 2017

DEA Group has put together a bank group for its proposed US$1bn financing on the West Nile Delta gas project.

Al Dur 2 RFP due

PFI Issue 611 - October 18, 2017

The request for proposals for the Al Dur 2 independent water and power project (IWPP) is due at the end of the month or in November, according to the latest estimates.

Consultant to weigh up Zesco assets

PFI Issue 611 - October 18, 2017

Zambia’s national power utility Zesco has awarded a contract to Norway’s Multiconsult subsidiary Multiconsult UK to identify and value its generation, transmission and distribution assets.

Bids invited for mini-grids

PFI Issue 611 - October 18, 2017

Uganda’s Rural Electrification Agency (REA) has issued a request for prequalification bids for the development of a mini-grid project in up to 25 villages.

IFC plans off-grid strategy

PFI Issue 611 - October 18, 2017

The World Bank’s IFC is developing a rural electrification strategy across Togo and is seeking a consultant for the project.

Danish well-placed at Maria Gleta

PFI Issue 611 - October 18, 2017

Benin’s government has signed an engineering, procurement and construction agreement with Danish consortium BWSC/MAN for a 120MW thermal power plant in Maria-Gleta in the city of Abomey-Calavi, part of a total 480MW planned for the site.

SUSI funds second street lighting project

PFI Issue 611 - October 18, 2017

Swiss investor SUSI Partners has closed its second street lighting deal in Spain, financing a project in the municipality of Calafell, near Barcelona.

SEA-Invest funds Antwerp terminal

PFI Issue 611 - October 18, 2017

Belgian terminal operator SEA-Invest has signed a €250m project financing for the construction of a new liquid bulk storage terminal in the Port of Antwerp. The debt was provided on a 10-year tenor by ING, KBC and Belfius.

First cogeneration tender launched

PFI Issue 611 - October 18, 2017

The Federal Network Agency has launched Germany’s first tender for cogeneration power plants, looking to award up to 100MW of capacity to combined heat and power plants.

Mega coal tender date set

PFI Issue 611 - October 18, 2017

A prequalification deadline of January 26 has been set for the tender to privatise the Alpu and Tepebasi coalfields and develop a 1,080MW coal-fired power plant in Eskisehir, north-western Turkey.

Minister for Energy backs LNG-to-power

PFI Issue 611 - October 18, 2017

South Africa must “turn to the private sector and innovative private financing options” for its LNG-to-power programme, Minister of Energy Mmamoloko Kubayi said during her keynote address at the International Gas Cooperation Summit in Durban this month.

Adviser steps down on AZN2

PFI Issue 611 - October 18, 2017

BNP Paribas, which advised Kuwait Authority for Partnership Projects (KAPP) on the Az Zour North 2 (ANZ2) independent water and power project and was due to advise on the Al Khairan IWPP scheme, is believed to have stepped down from its role.

OGC seeks debt

PFI Issue 611 - October 18, 2017

Oman Gas Company is seeking to raise debt on its gas transmission assets. Oman Oil Company relationship banks have been approached and the company is hoping to attract the funds by year-end.

French interconnector reaches FC

PFI Issue 611 - October 18, 2017

Interconnector Italia, the sponsor of the new 350MW power transmission line between France and Italy, has reached financial close on the deal and carried out the first drawdown. The market-risk deal is the first project financing for a privately funded interconnector in the EU.

Dunkirk LNG financing talks start

PFI Issue 611 - October 18, 2017

The sponsors of the €2bn Dunkirk LNG project have started talks with banks to raise debt financing on the asset in parallel with a process by EDF to sell all or part of its 65% stake.

Groundbreaking for Proton IPP

PFI Issue 611 - October 18, 2017

Groundbreaking has taken place on a 150MW gas-fired power plant being developed in Sapele, Delta State.

Budget concerns for oil pipeline

PFI Issue 611 - October 18, 2017

The Kenyan government has slashed the budget for its planned oil export pipeline, redirecting funds to the upcoming presidential election re-run at the end of this month, according to reports in the Kenyan press.

Baker McKenzie names global LNG head

PFI Issue 611 - October 18, 2017

David Lang has joined Baker McKenzie as a partner in the Houston office and global head of LNG. Lang joins from Houston-based Vinson & Elkins, where he practised for seven years in the Hong Kong office.

Energy and infra attorney to Pierce Atwood

PFI Issue 611 - October 18, 2017

Energy and infrastructure attorney Merrill L Kramer has joined Pierce Atwood. Kramer was previously a project finance attorney and chair of the sustainable energy practice at Sullivan & Worcester.

Aramco opens India office

PFI Issue 611 - October 18, 2017

Saudi Aramco has opened an office in Gurgaon, in a move indicating its plan to expand in the country and to partner with local firms.

Govt to unveil huge Asian LNG funding

PFI Issue 611 - October 18, 2017

The Japanese government will unveil a US$10bn public-private initiative this week aimed at tapping increasing demand for liquefied natural gas infrastructure as the fuel is increasingly adopted throughout Asia.

Petrobras and Total deal hits snag

PFI Issue 611 - October 18, 2017

A Brazilian federal court has blocked part of a US$2.2bn deal signed earlier this year by Petrobras and French oil major Total.

Magnolia LNG developer drops US redomicile plans

PFI Issue 611 - October 18, 2017

LNG Limited’s board has suspended its efforts redomiciling the company to the US. The company is developing the Magnolia LNG export project in Louisiana and Bear Head LNG in Canada, and launched efforts for a US stock exchange listing in June.

Calpine go-shop period expires without alternative

PFI Issue 611 - October 18, 2017

The 45-day go-shop period on the acquisition of Calpine has passed. The go-shop period was a condition under the company’s agreement to be acquired by Energy Capital Partners (ECP) and a consortium of investors led by Access Industries and Canada Pension Plan Investment Board.

Three aim for pipeline mandate

PFI Issue 611 - October 18, 2017

A group of three companies are bidding for the Topolobampo natural gas pipeline project in Sinaloa.

NJ pension fund invests in Stonepeak

PFI Issue 611 - October 18, 2017

Officials at New Jersey’s US$75bn state pension fund are working to finalise the acquisition of a US$125m stake in Stonepeak Infrastructure Partners, marking its first move into infrastructure project investment.

Atlantic Power lowers TLB pricing

PFI Issue 611 - October 18, 2017

Atlantic Power has closed its US$563m Term Loan B repricing, with final pricing in line with guidance at 350bp over Libor with a 1% Libor floor.

Cheniere commissions Sabine Pass Train 4

PFI Issue 611 - October 18, 2017

Cheniere Energy Partners has achieved substantial completion of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana.

Southern University launches energy P3

PFI Issue 611 - October 18, 2017

Southern University and A&M College have launched a request for proposals (RFP) on the Baton Rouge Infrastructure Project, which will involve third-party operation of energy and other infrastructure systems.

IEnova ups pipeline stake

PFI Issue 611 - October 18, 2017

Sempra Energy subsidiary Infraestructura Energetica Nova (IEnova) has acquired state oil firm Pemex’s stake in the joint venture Ductos y Energeticos del Norte.

La Paloma bankruptcy nearer resolution

PFI Issue 611 - October 18, 2017

The bankruptcy protection process of California’s gas-fired La Paloma Generating has made progress in recent weeks, with senior lender LNV, a subsidiary of Beal Bank, winning a contentious fight to make a US$150m bid for the project.

TransCanada drops Energy East

PFI Issue 611 - October 18, 2017

TransCanada has abandoned its Energy East pipeline and Eastern Mainline projects following years of regulatory delays.

IPP places bonds

PFI Issue 611 - October 18, 2017

Independent power producer Colbun has placed US$500m in 144A/RegS bonds for refinancing debt, improving the company’s debt profile, reducing its average rate and extending its average life.

Peru-Chile transmission line floated

PFI Issue 611 - October 18, 2017

Chile is looking to open a tender in the first quarter of 2018 for a transmission line that will connect the country to Peru through a link between Arica and Tacna.

IFC eyes Celse financing

PFI Issue 611 - October 18, 2017

The International Finance Corporation (IFC) is looking to join the debt financing of Centrais Electricas de Sergipe’s (Celse) Porto de Sergipe LNG-to-power project near Aracaju.

Starwood-backed entity finances Dynegy assets

PFI Issue 611 - October 18, 2017

MUFG has closed a US$136.9m project loan for Marco DM Holdings that will back Starwood Energy’s acquisition of two projects from Dynegy.

Smart meter sales heat up

PFI Issue 611 - October 18, 2017

Origin Energy has hired Bank of America Merrill Lynch to handle the sale of its smart meter company Acumen, which has about 130,000 meters installed.

Loy Yang B decision gets political

PFI Issue 611 - October 18, 2017

Market talk is suggesting that Deutsche Bank-advised China Resources is the front-runner in the bidding for the Loy Yang B coal-fired power station in Victoria.

Woodside seeks loan extension

PFI Issue 611 - October 18, 2017

Woodside Petroleum is seeking a US$800m two-year extension of a US$1.2bn loan signed in July 2015. The loan is structured as a revolving credit and split equally into three-year and five-year tranches.

United Mymensingh IPP to use Wartsila engines

PFI Issue 611 - October 18, 2017

Local conglomerate United Group was recently awarded a build-operate-own (BOO) contract to develop a 200MW furnace oil-fired power plant.

SBI-led lenders take over Essar Power unit

PFI Issue 611 - October 18, 2017

A consortium of creditors led by State Bank of India has invoked pledged shares to take control of Essar Power Gujarat (EPG), part of the Essar Group.

Reliance Infra in exclusive talks with Adani

PFI Issue 611 - October 18, 2017

Reliance Infrastructure (RInfra) is in exclusive talks with Adani Transmission for the proposed purchase of the Anil Ambani-led company’s integrated power generation, transmission and distribution business in Mumbai.

Project 4a sukuk priced

PFI Issue 611 - October 18, 2017

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.

Araneta to start LNG project soon

PFI Issue 611 - October 18, 2017

Businessman Gregorio Araneta is planning an Energy City LNG project in Bataan and intends to push it forward soon.

Chevron to offload Natuna stake

PFI Issue 611 - October 18, 2017

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.

Two to support Medco’s Riau project

PFI Issue 611 - October 18, 2017

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.

Engie consortium selects FA

PFI Issue 611 - October 18, 2017

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.

Banks in on capacity market deal

PFI Issue 611 - October 18, 2017

InterGen has appointed Santander and NordLB to finance its 300MW open-cycle gas-fired power expansion project. The debt size is just over £50m and the tenor will be construction plus 15 years.

Chinese to fund Peterborough WtE

PFI Issue 611 - October 18, 2017

Malaysian company KNM has appointed Chinese contractor China Western Power Industrial Co (CWPC) to build its £364m, 36MW waste-to-energy project in Peterborough, the Peterborough Green Energy Project.

Rothschild to sell Teesside terminal

PFI Issue 611 - October 18, 2017

Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, Reuters said.

Capacity market prequals in

PFI Issue 611 - October 18, 2017

The prequalification period has ended for projects wanting to take part in the next 50GW-plus power market capacity auction.

CATOs are back

PFI Issue 611 - October 18, 2017

Ofgem is revisiting the idea of privately financed onshore transmission schemes via a consultation on how to fund the new £839m link to the Hinkley Point C nuclear power station.

Immingham CHP debt financed

PFI Issue 611 - October 18, 2017

Vitol has refinanced the five-year debt on the 1,220MW Immingham combined heat and power (CHP) gas-fired plant it bought from ConocoPhillips in 2013 with a new £275m loan.

ADNOC plans project bonds

PFI Issue 611 - October 18, 2017

State oil company ADNOC is planning to raise up to US$3bn from bonds banked on assets such as pipelines and oil storage.

International Monetary Fund Managing Director Christine Lagarde shakes hands with Cameroon Minister of Finance Alamine Ousmane Mey in 2016

Cameroon mega hydro seeks €1bn

PFI Issue 611 - October 18, 2017

The 420MW Nachtigal Falls scheme is moving to financial close. The IFC-led deal follows Azura and Cenpower in West Africa. By Colin Leopold

Financing progresses after Enel sale

PFI Issue 611 - October 18, 2017

Italian utility Enel has sold an 80% stake in a portfolio of 1.7GW of renewable power projects in Mexico to Caisse de dépot et placement du Québec (CDPQ) and Mexican pension fund group CKD Infraestructura Mexico.

Wind farm boom continues

PFI Issue 611 - October 18, 2017

Serbia is in the middle of a wind power boom as a US-UAE consortium has signed the third onshore wind farm financing in the country in just over a month. Since the beginning of September financing for 305MW of wind plants has been signed or closed.

Sonnedix consolidates in Chile IPP market

PFI Issue 611 - October 18, 2017

Independent power producer Sonnedix has acquired a controlling interest in Cox Energy Chile as well as a strategic partnership with the group in the construction and operation of renewable energy projects in Chile.

Fed renewables plan creates confusion

PFI Issue 611 - October 18, 2017

The Australian federal government has ditched the Clean Energy Target (CET) and intends to replace it with a National Energy Guarantee (NEG), which requires retailers to use a percentage of electricity from so-called dispatchable sources such as coal and gas, batteries or pumped hydro.

Tamil Nadu annuls 500MW solar auction

PFI Issue 611 - October 18, 2017

Tamil Nadu has annulled an auction it conducted in January this year for 500MW of solar energy capacity, one of the winning developers told The Economic Times.

LAP seals landmark refi

PFI Issue 611 - October 18, 2017

Latin American Power (LAP) has refinanced all of its existing project debt for the San Juan and Totoral wind facilities with a combined 230.8MW capacity.

The FEPA renewables panel

Renewables – Here to stay and save the planet

PFI Issue 611 - October 18, 2017

One whole session was dedicated to renewable energy in Asia at PFI’s recent FEPA conference. Competitive bidding, falling tariffs and batteries dominated the discussion. By Minerva Lau.

Dominion to power Facebook data with solar

PFI Issue 611 - October 18, 2017

Dominion Energy Virginia has agreed to build multiple solar facilities in Virginia to power Facebook’s new data centre near Richmond. The facilities will be valued at roughly US$250m.

Eversource makes deals to sell New Hampshire assets

PFI Issue 611 - October 18, 2017

Eversource has agreed to sell three large fossil generation facilities and two remote combustion turbines in New Hampshire to Granite Shore Power, a 50-50 partnership between Atlas Holdings of Greenwich, Connecticut, and Castleton Commodities International (CCI) of Stamford, Connecticut, for US$175m.

New Energy Solar closes private placement

PFI Issue 611 - October 18, 2017

KeyBanc has closed a US$62.5m private placement for the US subsidiary of Australia’s New Energy Solar to back operating solar assets in Kern County, California.

EDC gets new shareholders

PFI Issue 611 - October 18, 2017

Philippines Renewable Energy Holdings Corporation (PREHC) has begun its strategic partnership with First Gen Corporation as substantial shareholders in geothermal producer Energy Development Corporation (EDC).

Talks advance on Abengoa yieldco

PFI Issue 611 - October 18, 2017

Abengoa Yield is reported to be in advanced talks to sell its 41.5% stake in Atlantica Yield to Brookfield Asset Management. An agreement could be reached within weeks but other bidders remain involved in the process.

Victoria ups the pace on renewables

PFI Issue 611 - October 18, 2017

The Victorian government aims to have at least 25% of its energy needs come from renewables within three years and 40% by 2025. The policy has sparked a surge in new investments, with both local and offshore companies and lenders looking for deals.

Boralex JVs on Scottish wind

PFI Issue 611 - October 18, 2017

Canadian renewables developer Boralex has signed a joint venture with UK-based wind developer Infinergy on a pipeline of 325MW wind farms in Scotland.

Scaling Solar launches with battery storage

PFI Issue 611 - October 18, 2017

Madagascar has issued a request for pre-qualification (RFQ) for a 25MW solar PV project near Antananarivo under the World Bank’s Scaling Solar programme, its first project to include battery storage.

FMO funds two hydros

PFI Issue 611 - October 18, 2017

Dutch development bank FMO has underwritten US$39m of senior debt for the 16MW Rand and the 6MW Nyamagasani 1 and 2 run-of-the-river hydropower projects in western Uganda.

Scaling Solar launches 250MW round

PFI Issue 611 - October 18, 2017

Ethiopia has issued a request for pre-qualification (RFQ) for two solar PV projects, each with a capacity of 125MW, under the World Bank’s Scaling Solar programme.

Inergia finances Banzi wind farm

PFI Issue 611 - October 18, 2017

Renewable power company Inergia, part of the Santarelli Group, has closed a €32m 18-year debt financing for a 22MW greenfield wind farm in southern Italy.

Finnish fund to PF geothermal

PFI Issue 611 - October 18, 2017

Finnish investor Taaleri will invest equity in Germany’s largest geothermal power generation project and plans to raise project financing to back the €160m scheme.

ContourGlobal to IPO

PFI Issue 611 - October 18, 2017

Power project developer and investor ContourGlobal is to float on the London Stock Exchange.

SDCL plans new efficient fund

PFI Issue 611 - October 18, 2017

Renewables fund manager Sustainable Development Capital Ltd (SDCL) is setting up a second UK Energy Efficiency Investments Fund. The European Investment Bank is putting £50m into the new £250m fund.

Foresight aims for new fund

PFI Issue 611 - October 18, 2017

UK renewables fund manager Foresight is planning to raise £500m for its Foresight Energy Infrastructure Partners (FEIP) fund.

Ops discussion for Rookery

PFI Issue 611 - October 18, 2017

The Rookery Pit project financing might move into next year as sponsor Covanta concentrates on its Poolbeg refinancing in Dublin first and then moves on to operating issues on Rookery. The Poolbeg deal should close this month.

Statkraft to go onshore

PFI Issue 611 - October 18, 2017

Statkraft is to develop a 300MW-plus pipeline of Scottish onshore wind projects with London-based Airvolution Clean Energy.

Triodos funds Gamma solar

PFI Issue 611 - October 18, 2017

Renewables focused Triodos Bank has provided a £17.9m senior loan and a £2.8m mezzanine tranche to Spanish renewables developer and contractor Gamma Solutions on two solar PV schemes in Wiltshire and Devon totalling 20.1MW.

Innogy buys Triton Knoll

PFI Issue 611 - October 18, 2017

Innogy has bought Statkraft’s 50% stake in the 860MW Triton Knoll offshore wind farm and now holds 100% of the project.

CfDs – More power please

PFI Issue 611 - October 18, 2017

The next contracts-for-difference (CfD) auction in spring 2019 will have a pot of £557m compared with £290m on the auction carried out this summer.

Ventient stays flexible

PFI Issue 611 - October 18, 2017

JP Morgan-owned Ventient Energy is keeping its flexible structure in talks with banks on its £740m UK portfolio wind loan financing.

Votorantim preps renewables play

PFI Issue 611 - October 18, 2017

One of Latin America’s largest industrial conglomerates, Votorantim, is in talks with global pension and sovereign wealth funds to create an integrated wind, solar and small-scale hydropower electricity joint venture in Brazil.

Ministry to promote geothermal

PFI Issue 611 - October 18, 2017

The Argentine Ministry of Energy & Mining is looking to promote geothermal energy projects. The private sector operating in the space has created the Argentine Geothermal Chamber (CGA) to initiate discussions.

Goldman sells down Dong Energy stake

PFI Issue 611 - October 18, 2017

Goldman Sachs is selling its remaining 2.7% stake in Danish offshore wind developer Dong Energy, recently renamed Orsted.

Thanet OFTO cables to be replaced

PFI Issue 611 - October 18, 2017

Swedish utility Vattenfall is to connect two new 26km transmission cables to the 300MW Thanet offshore wind farm given the problems with the existing cables, according to reNews.

Renewable investments a Capital idea

PFI Issue 611 - October 18, 2017

Channel Capital and Capital Dynamics have signed an exclusive partnership to provide specialised Clean Energy Infrastructure exposure to institutional investors based in Australia.

USTDA supports offshore wind

PFI Issue 611 - October 18, 2017

The US Trade & Development Agency (USTDA) has awarded a grant to the Petroleum Corporation of Jamaica (PCJ) backing the development of an offshore wind facility.

Blythe solar enters 20-year PPA

PFI Issue 611 - October 18, 2017

NextEra’s Blythe solar project in California has signed a power purchase agreement (PPA) with the Modesto Irrigation District, which provides energy and water to farms and cities in the San Joaquin Valley.

Wind Catcher transmission plan scrutinised

PFI Issue 611 - October 18, 2017

A coalition of cities in Texas is reviewing Southwestern Electric Power Co’s (SWEPCO’s) investment in transmission lines connecting to Invenergy and GE’s 2GW Wind Catcher wind farm under development in Oklahoma.

Vapor Energia unveils biomass project

PFI Issue 611 - October 18, 2017

Brazilian group Vapor Energia will invest R$200m (US$63m) over the next five years to develop a biomass facility, according to Sao Paulo’s state government.

Projects cleared for debentures

PFI Issue 611 - October 18, 2017

The Ministry of Mines & Energy has cleared six renewable energy projects to issue infrastructure debentures. The projects have a combined capacity of 112.4MW.

Genneia issues shares

PFI Issue 611 - October 18, 2017

Local company Genneia has issued US$50m in shares to help pay for its development pipeline of renewable energy projects.

FirstEnergy out with renewables RFP

PFI Issue 611 - October 18, 2017

FirstEnergy has issued a request for proposals (RFP) to purchase solar renewable energy credits (SRECs) and renewable energy credits (RECs) for its Ohio utilities. The company is seeking 9,200 SRECs and 320,000 RECs.

SunPower and True Green Capital collaborate on fund

PFI Issue 611 - October 18, 2017

SunPower is collaborating with energy infrastructure asset management firm True Green Capital Management to establish a US$140m fund expected to finance approximately 50MW of SunPower solar energy systems.

FERC eases tax equity regulations

PFI Issue 611 - October 18, 2017

The Federal Energy Regulatory Commission (FERC) has issued a declaratory order that is expected to simplify and expedite tax equity investments in renewable energy projects.

Capital Power plans 350MW Oregon wind

PFI Issue 611 - October 18, 2017

Canada’s Capital Power has filed a notice of intent with Oregon regulators to build a 350MW wind farm. The company is proposing the Nolin Hills project, a facility to be located on 44,900 acres of privately-owned land in Umatilla County.

Developer taps banks for solar

PFI Issue 611 - October 18, 2017

Sponsor X-ELIO Energy is looking to land a debt financing backing the 70.35MWp Guanajuato solar project in Los Rodriguez, San Miguel de Allende, and the 81.4MWp Xoxocotla solar project in Xoxocotla, Morelos.

Bids in for auction

PFI Issue 611 - October 18, 2017

Chile’s latest power auction has seen 24 bids from companies looking to supply the country with 2,200GW/h annually for two decades beginning in 2024, a government official said.

Pattern mandates Henvey Inlet wind lenders

PFI Issue 611 - October 18, 2017

Pattern Energy is said to have assembled a club of seven lenders to finance its 300MW Henvey Inlet wind project in Canada. The company is developing the project in partnership with Nigig Power, owned by Henvey Inlet First Nations.

Brookfield plans hydro refi

PFI Issue 611 - October 18, 2017

Brookfield Power New York Finance is planning a US$305m December bond offering to refinance a portfolio of 78 hydroelectric facilities.

Equis Energy commissions solar plant

PFI Issue 611 - October 18, 2017

Singapore-based renewable energy firm Equis Energy has commissioned a 13.8MW solar project at Noheji town in Aomori Prefecture, Japan.

Prosperity Intl inks US$3bn hydro deal

PFI Issue 611 - October 18, 2017

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.

Aragorn gets permit extension

PFI Issue 611 - October 18, 2017

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.

Tsetii wind farm starts producing

PFI Issue 611 - October 18, 2017

Clean Energy Asia, together with shareholders Newcom and SB Energy of the SoftBank Group, have announced that their 50MW Tsetsii Wind Farm located in the Gobi desert has begun commercial operations.

Chinese-funded development projects proposed

PFI Issue 611 - October 18, 2017

The government is studying six to eight infrastructure projects that will be developed with Chinese overseas development aid (ODA) funding.

Quantum Solar reaches financial close

PFI Issue 611 - October 18, 2017

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.

Foresight targets renewables

PFI Issue 611 - October 18, 2017

Foresight Group, a leading UK independent infrastructure and private equity manager, has entered into binding contracts to acquire interests in three solar farms in Queensland from Canadian Solar.

Massive pumped hydro project planned for NSW

PFI Issue 611 - October 18, 2017

Oven Mountain Pumped Storage is planning to build a A$1bn (US$790m), 600MW pumped hydro project on private land in northern New South Wales.

Carnegie Clean Energy secures debt funding

PFI Issue 611 - October 18, 2017

Renewables developer Carnegie Clean Energy, which is building a battery-ready 10MW solar farm in Northam, Western Australia, has secured a 12-month, A$7.5m (US$5.8m) debt package from Asymmetric Credit Partners.

EEW secures solar projects funding

PFI Issue 611 - October 18, 2017

UK-based Eco Energy World (EEW) has received a A$10m (US$7.76m) project finance facility from Investec for its Chinchilla and Yarranlea solar farms in Queensland.

Defence Dept calls for renewables tender

PFI Issue 611 - October 18, 2017

The Department of Defence has made its first major push into solar energy, calling for tenders for a solar power system to be installed at its Satellite Communications Station (ADSCS) at Kojarena, near Geraldton, in Western Australia.

Innogy Green bond refinances wind farms

PFI Issue 611 - October 18, 2017

German energy group Innogy has made its debut Green bond issue, placing €850m in the capital markets to refinance all or part of the company’s investment in five wind farms across Europe.

1GW renewables tender next year

PFI Issue 611 - October 18, 2017

The Ministry of Energy will tender about 1,000MW of renewable energy projects in 2018, First Deputy Energy Minister Alexei Texler has said.

Mega offshore dream arrives from Kenya

PFI Issue 611 - October 18, 2017

Swedish firm VR Holding will attempt to build its planned 600MW offshore wind farm off the coast of Tanzania, after failing to get off the ground in neighbouring Kenya.

OPIC eyes 500MW wind farm

PFI Issue 611 - October 18, 2017

A 500MW wind farm, estimated to cost US$1bn and under development since 2008, is being considering for financing by the US Overseas Private Investment Corporation.

Bagistas II hydro refinanced

PFI Issue 611 - October 18, 2017

The 49MW Bagistas II hydropower project has been refinanced through a Turkish bank club deal.

BOAD supports 20MW solar

PFI Issue 611 - October 18, 2017

The West African Development Bank (BOAD) has allocated CFA Fr25bn (US$45m) to support development of a 20MW solar PV power plant in Bissau. Two mini-PV plants each with a capacity of 1MW will also be located in Gabu and Canchungo as a result of the funding, according to reports.

EBRD approves renewables boost

PFI Issue 611 - October 18, 2017

The Green Climate Fund has approved an allocation of up to US$110m to the EBRD’s Kazakhstan Renewables Framework to finance the construction and operation of renewable energy projects in the country.

Invenergy claims US$700m damages

PFI Issue 611 - October 18, 2017

US energy company Invenergy has submitted a letter to Poland’s government claiming damages worth US$700m relating to the termination of long-term contracts for its wind farms in the country.

Microsoft signs wind farm PPA

PFI Issue 611 - October 18, 2017

Microsoft has signed a 15-year power purchase agreement (PPA) with GE for all the wind energy produced from its 37MW Tullahennel wind farm in County Kerry, still under construction.

Commerz fund buys Saarland wind farm

PFI Issue 611 - October 18, 2017

Commerzbank’s investment manager Commerz Real has bought a 16.5MW wind farm project in Saarland for €45m from developer Juwi.

Mirova buys RP Global’s wind assets

PFI Issue 611 - October 18, 2017

French investor Mirova has acquired a majority stake in two Croatian wind farms of Austrian renewable energy developer RP Global.

Wartsila plans Asian HQ

PFI Issue 611 - October 18, 2017

Finland’s Wartsila is planning to set up an Asian headquarters in India for its battery storage business.

New customs rules hit solar

PFI Issue 611 - October 18, 2017

Renewable developers in India have been affected by 1,000 containers of solar modules being held up at the Port of Chennai, following a new interpretation of customs laws.

Madhya Pradesh signs offtake guarantee

PFI Issue 611 - October 18, 2017

The Madhya Pradesh government has signed offtake guarantees for solar power from the Rewa Ultra Mega Solar (RUMS) power plant project.

Azure Power wins NTPC's 250MW project

PFI Issue 611 - October 18, 2017

Azure Power, a leading independent solar power producer in India, has won a 250MW solar project in an auction conducted by NTPC Vidyut Vyapar Nigam (NVVN). NVVN is a wholly owned subsidiary of the country’s largest state-owned power utility, National Thermal Power Corporation (NTPC).

New submission date for 750MW Bhadla solar

PFI Issue 611 - October 18, 2017

Solar Energy Corporation of India (SECI) is reviving its reverse auction for 750MW of grid-connected solar power capacity at the Bhadla Solar Park.

Reliance Capital secures renewables funding

PFI Issue 611 - October 18, 2017

A subsidiary of Reliance Capital, part of major Indian conglomerate Reliance Group, has obtained US$46m in funding from the Indian Renewable Energy Development Agency (IREDA) for lending to renewables and energy efficiency projects.

Latest wind energy tender sees new low

PFI Issue 611 - October 18, 2017

The Solar Energy Corporation of India (SECI), on behalf of the Ministry of New & Renewable Energy (MNRE), conducted the second reverse auction for 1,000MW of wind power capacity on October 4.

Solar Edge secures funds

PFI Issue 611 - October 18, 2017

Solar Edge Power & Energy, a unit of Shapoorji Pallonji, has secured a Rs6.78bn (US$103.8m) debt facility to develop a 130MW greenfield solar power project in Maharashtra, consisting of polycrystalline modules and central inverters.

Renvico financing emerges

PFI Issue 611 - October 18, 2017

Four banks signed a €130m 14-year debt refinancing for Renvico France’s 187MW onshore wind portfolio in the summer, it has emerged.

CGN abandons Gaelectric purchase

PFI Issue 611 - October 18, 2017

KPMG is advising Irish renewables developer Gaelectric on its sale after talks with potential buyer China General Nuclear (CGN) European Energy collapsed.

Sonnedix PV bond terms out

PFI Issue 611 - October 18, 2017

Terms have emerged for Sonnedix’s recently-issued €74m Spanish solar PV project bond offering. The notes have a tenor of 19.5 years and a fixed coupon of 3.429%.

Impax to repower Brittany wind assets

PFI Issue 611 - October 18, 2017

UK investor Impax Asset Management has bought Brittany-based wind power company JMA Energies and is looking to repower its two wind farms in the region.

Parkwind into Oriel offshore

PFI Issue 611 - October 18, 2017

Belgian offshore wind developer Parkwind has agreed an investment in the planned 330MW Oriel offshore wind farm in the north Irish Sea.

Econergy buys and funds biogas plants

PFI Issue 611 - October 18, 2017

Israeli fund Econergy has bought a 4MW portfolio of biogas plants in northern Italy from local investor Palladio Finanziaria.

ERG buys large wind pipeline

PFI Issue 611 - October 18, 2017

Italian energy group ERG has bought two wind farms totalling 16MW from French developer Vent d’Est and signed a deal to co-develop another 300MW of wind plants with the company.

Governor of Kentucky Matt Bevin

Banks launch state P3 fund

PFI Issue 611 - October 18, 2017

A state-level infrastructure bank is the first of its kind in the US. Success may lead to expansion or growth to a larger regional entity. By Alison Healey

End of the road for BNDES says S&P

PFI Issue 611 - October 18, 2017

Over-reliance on national development bank BNDES to fund infrastructure projects can no longer continue given Brazil’s current fiscal constraints, says S&P Global Ratings in a new report.

Industry meets on Pearson hub

PFI Issue 611 - October 18, 2017

Stakeholders from three levels of government met in mid-October to update plans for a multi-billion dollar transit hub at Toronto’s Pearson International Airport.

Details emerge on PPP programme

PFI Issue 611 - October 18, 2017

The Government of Argentina has released details of a potentially US$26bn infrastructure public-private partnership programme.

ANI OKs airport deal

PFI Issue 611 - October 18, 2017

The Agencia Nacional de Infraestructura (ANI) has approved Mexico’s Grupo Aeroportuario del Sureste (ASUR) and joint venture partner Aerostar Airport Holdings’ acquisition of Airplan.

MOP pushes infra projects

PFI Issue 611 - October 18, 2017

The Ministry of Public Works (MOP) has outlined a concession programme for the final months of the current administration.

Budget and timeline extended for airport

PFI Issue 611 - October 18, 2017

The president of the special commission for the construction of the new Mexico City International Airport (NAICM), Rafael Hernández Soriano, has estimated an increase to the budget needed to finance the works and has pushed out the potential in-service date.

Louis Berger names DC transport exec

PFI Issue 611 - October 18, 2017

Consultant Louis Berger has appointed former District of Columbia Department of Transportation (DDOT) director Leif Dormsjo as senior vice president for infrastructure asset management. He will be based in the company’s Washington office.

AMP Capital closes ITS ConGlobal acquisition

PFI Issue 611 - October 18, 2017

AMP Capital has closed its acquisition of ITS ConGlobal (ITSC), an operator of intermodal railroad and auto terminals, from Carlyle Infrastructure Partners.

IFM seals OHL concessions acquisitions

PFI Issue 611 - October 18, 2017

Spanish construction group OHL has signed the sale of its entire concession business to Australian investor IFM, valuing the business at €2.775bn.

KPMG to study Pickering Airport

PFI Issue 611 - October 18, 2017

KPMG has been appointed by the city of Pickering, Ontario to study the possibility of building a new airport. The study will indicate whether there is a business case for an airport and is expected to be available next year.

Four bids accepted for bridge

PFI Issue 611 - October 18, 2017

The Panamanian Ministry of Public Works (MOP) has obtained four technical and economic bids for the mandate to develop the US$1bn fourth bridge over the Panama Canal.

Airport review causes concerns

PFI Issue 611 - October 18, 2017

Aerostar Airport Holdings’ Luis Munoz Marin Airport has gradually expanded commercial activity but Hurricane Maria’s medium-term effects on travel patterns remain unclear, Moody’s said.

Lambert Airport out for advisers

PFI Issue 611 - October 18, 2017

The City of St Louis has issued a request for proposals (RFP) for a team of advisers to help seek out potential private bidders on a privatisation deal for the Lambert Airport. Advisers will only be compensated if a deal goes through.

Windsor Essex refi bond closed

PFI Issue 611 - October 18, 2017

Windsor Essex Mobility Group (WEMG) has closed a C$210m private placement to refinance debt on its Herb Gray Parkway, formerly known as the Windsor Essex Parkway.

Rideau closes new Confederation Line finance

PFI Issue 611 - October 18, 2017

Rideau Transit Group Partnership has closed a US$41.3m financing backing the Confederation Line projects in Ottawa.

San Diego cargo deal headed for board approval

PFI Issue 611 - October 18, 2017

The San Diego County Regional Airport Authority has selected Aviation Facilities Company as the preferred developer of a cargo facility.

Sadhav Nainital concludes debt financing

PFI Issue 611 - October 18, 2017

Sadhav Nainital Highway, the project company set up by Sadhav Infrastructure for expansion of the Rudrapur-Kathgodam road project, has raised a Rs3.15bn (US$48.3m) loan facility.

PPP being revised for railways

PFI Issue 611 - October 18, 2017

The public-private partnership (PPP) to redevelop railway stations is being revamped to make the terms more attractive for private investors.

Sadhav Infra raises loans for Rampur highway

PFI Issue 611 - October 18, 2017

The Sadhav Infrastructure Project has raised a 16-year Rs3.54bn (US$54.2m) debt facility to finance the expansion of the 42.8km Rampur–Kathgodam section of the NH-24 in Uttar Pradesh.

Porbandar road loan signed

PFI Issue 611 - October 18, 2017

Porbandar Dwarka Expressway (PDE) has signed a 17-year Rs7.52bn (US$115.2m) loan facility. PDE is a SPV set up by GR Infraprojects to implement the four-laning of the 116.2km Porbandar—Dwarka section of the NH-8E in Gujarat using a hybrid annuity model.

Adani presses on

PFI Issue 611 - October 18, 2017

Adani’s efforts to fund and build a coal mine and railway in Queensland have become a corporate mystery story complete with a yet to be revealed ending.

Inland Rail ready to take off

PFI Issue 611 - October 18, 2017

The A$10bn (US$7.9bn) Inland Rail freight project that will connect Melbourne and Brisbane is ready to take off, with the sponsor, Australian Rail Track Corp (ARTC), expected to call for EOIs any day. Registrations of interest closed last month.

WestConnex gets some problems

PFI Issue 611 - October 18, 2017

The bidders for the 51% stake in the New South Wales government’s WestConnex SPV, Sydney Motorway Corp, are firming up their advisers.

NAIF makes first loan

PFI Issue 611 - October 18, 2017

The Northern Australia Infrastructure Facility (NAIF) has agreed to issue a A$16.8m (US$13m), 10-year concessional loan to Onslow Marine Support Base Pty Ltd.

Kobe Airport agreement signed

PFI Issue 611 - October 18, 2017

The consortium made up of Vinci Airports, Orix and Kansai Airports have signed the agreement with Kobe City to operate its airport for the next 42 years. The consortium was chosen as the preferred bidder in July.

Auckland Airport issues retail bonds

PFI Issue 611 - October 18, 2017

Auckland International Airport is offering up to NZ$75m (US$53m) of fixed-rate bonds maturing in April 2023 to New Zealand retail investors and institutional investors.

Shinbundang rail extension financed

PFI Issue 611 - October 18, 2017

The development of the 12.8km Shinbundang-line southern extension from Jeongja to Gwanggyo, with seven stations and one vehicle base, has been funded by a US$585.98m loan provided by the Korean Development Bank as the MLA.

Chinese-funded development projects proposed

PFI Issue 611 - October 18, 2017

The government is studying six to eight infrastructure projects that will be developed with Chinese overseas development aid (ODA) funding.

New monorail proposed

PFI Issue 611 - October 18, 2017

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).

MPIC offers unsolicited toll road deal

PFI Issue 611 - October 18, 2017

Infrastructure conglomerate Metro Pacific Investments Corp (MPIC) has submitted a new unsolicited toll road project proposal, the 49km Cavite-Tagaytay-Batangas Expressway (CTBEx).

Ferrovial hit on M8

PFI Issue 611 - October 18, 2017

Ferrovial’s losses on the M8 non-profit distributing (NPD) scheme rose to £17m in the year ending December 2016, with a further £15m deficit expected this year. The loss in 2015 was £26m.

Arcadis wins A66

PFI Issue 611 - October 18, 2017

Engineering design consultant Arcadis has won a two-year contract to develop proposals for the A66 Northern Trans-Pennine project between the M6 and the A1(M).

KPMG wins Ras Al Khaimah Airport

PFI Issue 611 - October 18, 2017

KPMG has been appointed by the Ras Al Khaimah emirate to do a study on privatising its airport.

Saudi funds for transport PPPs

PFI Issue 611 - October 18, 2017

The Russian Direct Investment Fund (RDIF), UAE sovereign fund Mubadala Development and Saudi Arabia’s Public Investment Fund have agreed to take equity stakes in United Transport Concession Holding, created by RDIF and Leader Management Company.

EIB discloses Dakar BRT loan

PFI Issue 611 - October 18, 2017

The European Investment Bank (EIB) is considering lending €50m towards the cost of the Dakar Bus Rapid Transit (BRT) line, nearly double the roughly US$30m previously expected.

Govt to guarantee port concession

PFI Issue 611 - October 18, 2017

The government is to issue a US$1.5bn sovereign guarantee to support investment in the Barra do Dande greenfield port concession in Bengo province, after approving the project in August, according to local newspaper reports.

DCT Gdansk to expand port

PFI Issue 611 - October 18, 2017

Port operator DCT Gdansk, owned by Macquarie, has announced plans for a further expansion worth Z280m (US$76.3m), to be completed within three years.

FA sought for national road PPPs

PFI Issue 611 - October 18, 2017

Poland’s General Directorate for National Roads & Motorways (GDDKiA) has issued a contract notice for financial advisory services for road projects, including PPPs.

New delay for Belgrade Airport sale

PFI Issue 611 - October 18, 2017

The Serbian government has pushed back the deadline for final bids for the privatisation of Belgrade Nikola Tesla Airport for a second time, by a month to November 23.

Liege tram bids in

PFI Issue 611 - October 18, 2017

Two consortia led by BAM and CAF submitted final bids for the €400m Liege tram PPP project after a third group dropped out.

Murcia mulls two road PPPs

PFI Issue 611 - October 18, 2017

The Spanish region of Murcia is considering tendering two motorways as PPP projects that could be included in the national government’s upcoming road PPP programme.

Rail settlement leaves private door open

PFI Issue 611 - October 18, 2017

The Department for Transport (DfT) has finalised its financial settlement at £47.9bn for rail operator Network Rail (NR) for the next regulatory period, 2019 to 2024.

Blankenburg appeal starts

PFI Issue 611 - October 18, 2017

An appeal by a BAM-led consortium against the award of the Blankenburg tunnel PPP to a rival Ballast Nedam/Macquarie group started today with a court hearing in The Hague.

Pedemontana Lombarda under scrutiny

PFI Issue 611 - October 18, 2017

Milan’s bankruptcy court has commissioned an assessment of the €5bn Pedemontana Lombarda toll road’s finances as it seeks to determine whether the project should be declared bankrupt.

Strasbourg bypass construction halted

PFI Issue 611 - October 18, 2017

The French government has suspended initial construction work on the A355 Strasbourg bypass project of Vinci, seeking an amendment to the scheme with more environmental guarantees.

Investors line up for A19 refi

PFI Issue 611 - October 18, 2017

Four institutional investors have lined up to provide €400m of 30-year debt to refinance Vinci’s A19 Arcour toll road near Paris.

Macquarie prices Empark bonds

PFI Issue 611 - October 18, 2017

Macquarie Infrastructure & Real Assets (MIRA) has priced €475m of senior bonds to finance its acquisition of Iberian car parking operator Empark.

ABVP buys back bonds

PFI Issue 611 - October 18, 2017

Abertis-owned toll road operator Autostrada Brescia Verona Vicenza Padova (ABVP) has bought back €200m of its own bonds to reduce its debt.

BPL repricing moves forward

PFI Issue 611 - October 18, 2017

The Eiffage-led sponsors of the Bretagne-Pays de la Loire (BPL) high-speed rail project are moving forward with the repricing of the project’s debt and are in talks with banks over the new terms.

Q-Park funding closed

PFI Issue 611 - October 18, 2017

Private equity firm KKR has closed the acquisition of Dutch car park operator Q-Park and drawn down the €1.4bn debt package it signed two months ago.

Govt seeks Radiales tender advisers

PFI Issue 611 - October 18, 2017

The Spanish government has issued two tenders seeking advisers to carry out the re-tender of the Radiales and other bankrupt motorways.

Istanbul Airport stake for sale

PFI Issue 611 - October 18, 2017

Bids are expected in November for a minority stake in Turkey’s second-largest airport, the Istanbul Sabiha Gokcen International Airport (ISG).

2i Rete weighs debt options for Gas Natural assets

PFI Issue 611 - October 18, 2017

2i Rete Gas is understood to have lined up loan commitments from Intesa Sanpaolo and UniCredit to back the acquisition of Gas Natural Fenosa’s Italian network, but is said to be considering a €600m bond issue for the long-term financing.

Aramco opens India office

PFI Issue 611 - October 18, 2017

Saudi Aramco has opened an office in Gurgaon, in a move indicating its plan to expand in the country and to partner with local firms.

Petrobras and Total deal hits snag

PFI Issue 611 - October 18, 2017

A Brazilian federal court has blocked part of a US$2.2bn deal signed earlier this year by Petrobras and French oil major Total.

Three aim for pipeline mandate

PFI Issue 611 - October 18, 2017

A group of three companies are bidding for the Topolobampo natural gas pipeline project in Sinaloa.

IEnova ups pipeline stake

PFI Issue 611 - October 18, 2017

Sempra Energy subsidiary Infraestructura Energetica Nova (IEnova) has acquired state oil firm Pemex’s stake in the joint venture Ductos y Energeticos del Norte.

TransCanada drops Energy East

PFI Issue 611 - October 18, 2017

TransCanada has abandoned its Energy East pipeline and Eastern Mainline projects following years of regulatory delays.

IFC eyes Celse financing

PFI Issue 611 - October 18, 2017

The International Finance Corporation (IFC) is looking to join the debt financing of Centrais Electricas de Sergipe’s (Celse) Porto de Sergipe LNG-to-power project near Aracaju.

Woodside seeks loan extension

PFI Issue 611 - October 18, 2017

Woodside Petroleum is seeking a US$800m two-year extension of a US$1.2bn loan signed in July 2015. The loan is structured as a revolving credit and split equally into three-year and five-year tranches.

Chevron to offload Natuna stake

PFI Issue 611 - October 18, 2017

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.

Rothschild to sell Teesside terminal

PFI Issue 611 - October 18, 2017

Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, Reuters said.

ADNOC plans project bonds

PFI Issue 611 - October 18, 2017

State oil company ADNOC is planning to raise up to US$3bn from bonds banked on assets such as pipelines and oil storage.

DEA gets a bank group

PFI Issue 611 - October 18, 2017

DEA Group has put together a bank group for its proposed US$1bn financing on the West Nile Delta gas project.

SEA-Invest funds Antwerp terminal

PFI Issue 611 - October 18, 2017

Belgian terminal operator SEA-Invest has signed a €250m project financing for the construction of a new liquid bulk storage terminal in the Port of Antwerp. The debt was provided on a 10-year tenor by ING, KBC and Belfius.

OGC seeks debt

PFI Issue 611 - October 18, 2017

Oman Gas Company is seeking to raise debt on its gas transmission assets. Oman Oil Company relationship banks have been approached and the company is hoping to attract the funds by year-end.

Budget concerns for oil pipeline

PFI Issue 611 - October 18, 2017

The Kenyan government has slashed the budget for its planned oil export pipeline, redirecting funds to the upcoming presidential election re-run at the end of this month, according to reports in the Kenyan press.

CLP to go ahead with FSRU

PFI Issue 611 - October 18, 2017

CLP Power is going ahead with the development of a floating storage and regasification unit (FRSU) in Hong Kong.

Dunkirk LNG financing talks start

PFI Issue 611 - October 18, 2017

The sponsors of the €2bn Dunkirk LNG project have started talks with banks to raise debt financing on the asset in parallel with a process by EDF to sell all or part of its 65% stake.

Baker McKenzie names global LNG head

PFI Issue 611 - October 18, 2017

David Lang has joined Baker McKenzie as a partner in the Houston office and global head of LNG. Lang joins from Houston-based Vinson & Elkins, where he practised for seven years in the Hong Kong office.

Cheniere commissions Sabine Pass Train 4

PFI Issue 611 - October 18, 2017

Cheniere Energy Partners has achieved substantial completion of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana.

Minister for Energy backs LNG-to-power

PFI Issue 611 - October 18, 2017

South Africa must “turn to the private sector and innovative private financing options” for its LNG-to-power programme, Minister of Energy Mmamoloko Kubayi said during her keynote address at the International Gas Cooperation Summit in Durban this month.

Govt to unveil huge Asian LNG funding

PFI Issue 611 - October 18, 2017

The Japanese government will unveil a US$10bn public-private initiative this week aimed at tapping increasing demand for liquefied natural gas infrastructure as the fuel is increasingly adopted throughout Asia.

Magnolia LNG developer drops US redomicile plans

PFI Issue 611 - October 18, 2017

LNG Limited’s board has suspended its efforts redomiciling the company to the US. The company is developing the Magnolia LNG export project in Louisiana and Bear Head LNG in Canada, and launched efforts for a US stock exchange listing in June.

Araneta to start LNG project soon

PFI Issue 611 - October 18, 2017

Businessman Gregorio Araneta is planning an Energy City LNG project in Bataan and intends to push it forward soon.