Global Energy Report 2010
Global Energy Report 2010
The Project Finance International Global Energy report will this year focus on the leading energy finance transactions signed in recent months - a hectic few months as the market returns back to health following the credit crunch.
Ruby gets better terms
With a US$3bn price tag, the Ruby Pipeline was considered an ambitious project and not a sure thing in terms of obtaining financing under difficult market conditions. But the deal enjoyed tremendous success, with an oversubscription and terms more favourable than El Paso had predicted. By Alison Healey.
When the wind blows
After three air trips and a four-hour car ride, Elizabeth M Robberechts, an IDB project specialist, had reached the site of Acciona’s wind farm project. By Alan Gersten.
Nord Stream - It's done!
The €3.9bn debt for the €5.5bn phase one of the Nord Stream gas pipeline project reached financial close in April after 18 months in the market. By Mark Kolmar.
Electro-intensive PF
The first €2bn phase of the Exeltium project has reached financial close five years after a group of electro-intensive industrial manufacturers set out to find a long-term arrangement to cope with increased electricity prices following the market’s deregulation. By Azadeh Sharafshahi.
When dreams turn to reality
Who would imagine that it would be possible to close a long-term PF deal in Oman in the midst of the financial crises? By Ravi Suri, managing director and regional head - Project & Export Finance, and Abbas Husain, managing director, Project & Export Finance, Standard Chartered Bank.
Collgar blows new wind
Allens Arthur Robinson partner Phillip Cornwell, and senior associate Simran Sandhu, with input from institutional investors, review the Collgar project and the continuing emergence of wind power as a mainstream power source.
New power in Cebu
International banks are financing a merchant power plant in the Philippines. By Jeanne Soh of Sumitomo Mitsui Banking Corp, Patricia Tan Openshaw, Joseph Kim and Cristina Uy-Tioco of Paul Hastings Janofsky and Walker.
Indonesian IPPs return
On March 8 2010, the financing agreement for PT Cirebon Electric Power (CEP) was signed. Erwin Maspolim, managing director, and David Uy, director of ING Bank’s utilities and infrastructure finance, Asia, discuss the project.
