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Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
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North America


ATC and Northern States Power exchange transmission line segments in Wisconsin 

December 5, 2018
The American Transmission Company (ATC) and Northern States Power Company (subsidiary of Xcel Energy) have completed an exchange of sections of two transmission lines in Wisconsin.

USDA announces USD1.6 billion loans for rural electricity projects 

November 12, 2018
The US Department of Agriculture (USDA) has announced around USD1.6 billion worth of loans for 46 rural electricity infrastructure projects through its Electric Program.

Oncor to acquire US-based InfraREIT Inc. 

October 22, 2018
Oncor Electric Delivery Company LLC (a subsidiary of Sempra Energy) has signed a deal worth USD1.28 billion to acquire the US-based InfraREIT Inc.

US-based Argo Infrastructure acquires Hudson Transmission Partners 

September 19, 2018
Argo Infrastructure Partners LLC, a US-based investment management company, has announced its plans to acquire the equity interests of Ares EIF Management LLC (a subsidiary of Ares Management LP) and Starwood Energy Group Global LLC, in Hudson Transmission Partners (HTP) — a subsidiary of PowerBridge, formed for development of the Hudson Transmission Project.



Latin America


Brazilian BNDES approves USD1.38 billion loan for second Belo Monte transmission line 

November 20, 2018
Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development has approved a loan of USD1.38 billion for Xingu Rio Transmissora de Energia (XRTE)—a fully-owned subsidiary of State Grid Corporation of China (SGCC)—for the construction of the second high voltage direct current (HVDC) power transmission system to connect the hydropower dam of Belo Monte in the northern state of Para to Rio de Janeiro in Southeast Brazil.

IaDB approves USD78 million loan for Bolivia’s electricity network expansion 

October 25, 2018
The Inter-American Development Bank (IaDB) has approved a USD78 million loan to boost Bolivia’s power service coverage, improve its energy matrix’s sustainability, reduce carbon emissions, and contribute to the goal of ensuring universal access to electricity throughout the country.

USTDA awards USD488,000 grant to Brazilian CTEEP for grid automation and cyber security 

August 21, 2018
The US Trade and Development Agency (USTDA) has awarded a grant to Brazilian power company, Companhia de Transmissao de Energia Eletrica Paulista (CTEEP), a part of Colombian state-owned power company Interconexión Eléctrica S.A. (ISA), to support the development of a grid automation and cyber security implementation plan.

Red Eléctrica Chile acquires 100 per cent shares of Centinela Transmisión 

July 20, 2018
Red Eléctrica Chile SpA, a subsidiary of Red Eléctrica Internacional, has acquired 100 per cent of the share capital of Centinela Transmisión SA, owned by Minera Centinela, which in turn is owned by Chilean copper producer Antofagasta, for a total of USD117.2 million.



Asia Pacific


ADB signs MoU with Afghanistan to finance power transmission projects 

November 26, 2018
The Asian Development Bank (ADB) has signed a memorandum of understanding (MoU) with Afghanistan for funding a series of power transmission projects, which will help the country to enhance energy security and efficiency, boost energy supply, and strengthen the country’s cross-border trade in energy.

World Bank loans USD310 million for Jharkhand Power System Improvement Project in India 

November 20, 2018
The World Bank has awarded a USD310 million loan for the Jharkhand Power System Improvement Project, to help provide reliable, quality and affordable 24×7 electricity in the Indian state of Jharkhand. For this, the former has signed an agreement with Jharkhand state government and the Government of India (GoI).

ADB loans USD105 million for transmission network of Himachal Pradesh, India 

November 17, 2018
The Asian Development Bank (ADB) has signed a USD105 loan agreement with the Government of India (GoI) for on-lending for improving electricity transmission infrastructure in the Indian state of Himachal Pradesh. .

ADB approves USD35 million loan to connect Tajikistan and Uzbekistan grids 

November 15, 2018
The Asian Development Bank (ADB) has approved a USD35 million grant to reconnect Tajikistan’s electricity system to the Central Asian Power System (CAPS) through interconnection with the Uzbekistan system.



Europe


EIB lends EUR100 million to modernise Hungary`s transmission network 

October 9, 2018
The European Investment Bank (EIB) has agreed to lend EUR100 million to the Hungarian power company Magyar Villamos Mvek (MVM) to modernise its power transmission network and upgrade Hungary`s power interconnection capacity with Slovakia.

EC grants EUR100 million for 525 kV NordLink between Germany and Norway 

August 21, 2018
The European Commission (EC) has signed a EUR100 million financing agreement with German transmission system operator (TSO) TenneT for the 525 kV NordLink, which the latter is jointly developing with Norway’s Statnett.

KfW bank to purchase 20 per cent stake in TSO 50Hertz from Elia [free access]

July 31, 2018
Belgian transmission system operator (TSO) Elia System Operator SA plans to buy 20 per cent stake in German TSO 50Hertz Transmission GmbH from Australian investment manager IFM Global Infrastructure Fund, increasing the former’s stake in the German TSO to 80 per cent.

EU allocates EUR10.8 million for grid optimisation in Lithuania 

May 18, 2018
The European Union (EU) has allocated EUR10.8 million funding for the optimisation of the transmission grid in North-Eastern Lithuania, a project important for the synchronisation of the Baltic power grids with the Continental European network.



Middle East & Africa


EBRD lends USD265 million to NEPCO for strengthening Jordan's grid 

December 4, 2018
The European Bank for Reconstruction and Development (EBRD) has signed a USD265 million loan agreement with Jordan's National Electricity Company (NEPCO) for improving the integration of renewable energy into the national grid.

AfDB allocates EUR51 million for power sector project in Senegal 

November 29, 2018
The African Development Bank (AfDB) has allocated EUR51.26 million funding to Senegal for the development of the electricity sector in the country.

Nigeria receives USD21 million from JICA for Apapa Road substation 

November 27, 2018
Nigeria’s federal government has signed a grant agreement with the Japan International Cooperation Agency (JICA) for the Emergency Rehabilitation and Reinforcement of the Lagos Transmission Substations Project.

Eskom, AfDB sign loan agreement for strengthening grid network in South Africa 

November 27, 2018
South African state-owned power utility Eskom Holdings SOC Limited (Eskom) has signed a loan agreement with the African Development Bank Group (AfDB) for more than ZAR3 billion for the implementation of the Eskom Transmission Project aimed at strengthening transmission infrastructure in the country.