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Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


Prince Edward Island gets CAD44 million funding to evacuate wind energy 

July 24, 2020
The Government of Canada and Prince Edward Island have announced CAD44 million funding for a new 106-km transmission line (and related equipment) to support future wind energy generation projects on the western side of the island.

Kansas-based Koch Industries acquires Sentient Energy 

March 26, 2020
Koch Engineered Solutions (KES), a unit of Kansas-based Koch Industries Inc., has acquired California-based Sentient Energy, a company providing distribution grid transformation, intelligent line sensors and grid analytics software for fault detection, outage prevention, and safe, reliable power delivery.

GridLiance Holdco closes transmission acquisition deal with EEI [free access]

March 4, 2020
GridLiance Holdco, through its GridLiance Heartland LLC subsidiary, has closed the acquisition of six transmission lines from Vistra Energy’s subsidiary, Electric Energy Inc. (EEI).

Michigan Electric Transmission Company receives loan of USD75 million 

January 27, 2020
Reportedly, Michigan Electric Transmission Company, LLC (METC), a subsidiary of ITC Holdings, has entered into an unsecured term loan credit agreement for USD75 million with various lenders on January 23, 2020.



Latin America


Engie Brasil Energia, BNDES sign USD487 million deal for Novo Estado transmission lines 

June 16, 2020
Brazilian utility Engie Brasil Energia SA has signed a financing agreement worth USD487 million with the Brazilian state-owned Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development, for the development of the Novo Estado transmission line project.

IaDB loans USD280 million to Ecuador for transformation of energy grid 

June 8, 2020
The Inter-American Development Bank (IaDB) has approved a loan worth USD280 million to Ecuador, which will used for the transformation of the country’s energy grid, improvements in energy efficiency, and promotion of access to electricity generated from renewable sources.

Indian Sterlite completes sale of two transmission assets in Brazil [free access]

March 26, 2020
India’s Sterlite Power Transmission Limited has completed the sale of two of its transmission assets in Brazil.

Brazilian TAESA acquires two SPEs from Amber Energia 

March 16, 2020
Brazil electric power transmission company, Transmissora Alianca de Energia Eletrica SA (TAESA), has completed the purchase of two transmission special purpose entities (SPEs) of Brazilian J&F Investimentos SA’s energy arm, Amber Energia.



Asia Pacific


Indian KPTL to sell transmission asset to Adani 

July 6, 2020
Indian engineering, construction and procurement (EPC) major, Kalpataru Power Transmission Limited (KPTL), has signed a definitive agreement to sell its transmission asset—Alipurduar Transmission Limited (ATL)—to India's private transmission company, Adani Transmission Limited, for a total enterprise value of INR12.86 billion.

IndiGrid to acquire Jhajjar KT Transco for INR3.1 billion [free access]

June 2, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has executed a share purchase agreement for the acquisition of the Indian transmission company, Jhajjar KT Transco Private Limited (JKTPL).

Eurasian Development Bank acquires bonds of Kazakhstan’s KEGOC 

May 28, 2020
The Eurasian Development Bank has acquired bonds worth more than KZT8 billion of Kazakhstan’s grid developer, JSC Kazakhstan Electricity Grid Management Company (KEGOC).

IndiGrid acquires transmission asset worth USD134 million in India 

March 24, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has announced the acquisition of East North Interconnection Company Limited (ENICL), at a cost USD134 million from SPTL.



Europe


Greek IPTO subsidiary and Eurobank ink EUR400 million loan for Crete–Attica link 

July 2, 2020
The Greek Independent Power Transmission Operator (IPTO) Anexartitos Diacheiristis MetaforasIlektrikis Energeias’ (ADMIE) subsidiary—Ariadne Interconnection, and Eurobank have inked a loan agreement up to EUR400 million to finance the Crete–Attica high voltage direct current (HVDC) interconnector project in Greece.

UK National Grid’s Viking link secures USD743 million green loan 

June 16, 2020
The UK’s transmission system operator (TSO), National Grid, has secured a USD743 million green loan, supported by several export credit agencies (ECAs), to help fund the EUR2 billion Viking Link project—a high voltage direct current (HVDC) link between the UK and Denmark.

Nexans secures EUR280 million loan backed by French government 

June 15, 2020
French cable supplier Nexans has secured a French State backed EUR280 million term loan facility, issued by a pool of French banks.

UK Walney Extension, owned by Ørsted, signs deal for sale of transmission assets 

June 3, 2020
Walney Extension Limited, which owns the 659 MW Walney Extension wind farm in the Irish Sea, has signed an agreement for the sale of its transmission assets to UK-based Diamond Transmission Partners Walney Extension (Holdings) Limited.



Middle East & Africa


Gambian GERMP receives USD43 million grant from IDA 

July 8, 2020
Recently, the Gambian government has received financial support worth USD43 million, in the form of a grant from the International Development Association (IDA), for the implementation of the Gambia Electricity Restoration and Modernisation Project (GERMP).

Abu Dhabi’s TAQA completes AED200 billion asset swap deal with ADPower 

July 2, 2020
Abu Dhabi Power Corporation (ADPower), a subsidiary of government-owned Abu Dhabi Development Holding Company PJSC, has completed the transfer of majority of its power generation, transmission and distribution (T&D) assets to one of its subsidiaries — Abu Dhabi National Energy Company (TAQA), in exchange for 98.60% of share capital.

AfDB to provide EUR30 million via EU for 225 kV Cameroon–Chad power link 

June 29, 2020
Recently, the African Development Bank (AfDB) has signed an agreement for extending financial support worth EUR30 million through a European Union (EU) grant, for the implementation of the 225 kV Cameroon–Chad Interconnector Project (CCIP).

AFD to provide EUR100 million loan to Tanzania for 400 kV link with Zambia 

June 29, 2020
The Tanzanian Ministry of Finance and Planning and the Agence Française de Développement (AFD) have signed a financing agreement for providing EUR100 million through a concessional loan for the 400 kV Tanzania–Zambia interconnector, which is part of the Zambia–Tanzania–Kenya (ZTK) interconnection project.