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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


US-based GridLiance signs asset purchase agreement with PEC 

July 16, 2018
US-based GridLiance has signed an asset purchase agreement with the People’s Electric Cooperative (PEC) to acquire 55 miles (88.6 km) of 138 kV transmission line and a substation.

Switzerland-based ABB acquires US-based GE’s electrification solutions business 

July 3, 2018
Switzerland-based ABB has completed the acquisition of the US-based General Electric’s (GE) global electrification solutions business – GE Industrial Solutions (GEIS), for USD2.6 billion.

US-based BHI acquires New York-based D&D Power 

June 26, 2018
US-based Bartlett Holdings, Inc. (BHI)—a portfolio company of AeroEquity Industrial Partners, LP (AEI), has announced the acquisition of New York-based D&D Power Inc.

Italian Prysmian Group completes acquisition of US-based General Cable 

June 6, 2018
Italian Prysmian Group has completed its acquisition of US-based wire and cable company General Cable.



Latin America


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.

Energias do Brasil arranges funds for four transmission projects in Brazil 

July 19, 2018
Reportedly, EDP-Energias do Brasil, Brazilian subsidiary of Energias de Portugal (EDP), is structuring the financing for four power transmission projects with a total length of about 1,300 km, which will require about USD805 million of investment over the next five years.

Chile-based Minera Centinela sells transmission subsidiary to Red Eléctrica Chile 

July 12, 2018
Chile-based Minera Centinela has announced the sale of its power transmission subsidiary Centinela Transmisión SA to Red Eléctrica Chile SpA, a subsidiary of Red Eléctrica Internacional, for a total of USD117.2 million.

Chilean AES Gener and its subsidiary to sell CTNG to Chilquinta Energía S.A. 

July 2, 2018
Chilean electrical power utility AES Gener along with its subsidiary Sociedad Eléctrica Angamos S.A., have signed an agreement with Chile-based power utility Chilquinta Energía S.A. to sell their 100 per cent shares of Compañía Transmisora ​​del Norte Grande (CTNG) for USD219.9 million.



Asia Pacific


ADB approves USD357 million assistance for transmission project in Bangladesh 

July 31, 2018
The Asian Development Bank (ADB) has approved an assistance package worth USD357 million for the Southwest Transmission Grid Expansion Project in support of Bangladesh’s national target of electricity for all by 2021.

World Bank signs loan agreement for NTMP-I project in Pakistan 

June 14, 2018
The World Bank and Pakistan government have signed a USD425 million loan agreement for the execution of the National Transmission Modernization Project-I (NTMP-I) aimed at improving the national power system.

JICA extends loan for Cambodia’s grid expansion project [free access]

May 29, 2018
The Japan International Cooperation Agency (JICA) has signed a loan agreement worth JPY9.22 billion with Cambodia's state-owned power company Electricite Du Cambodge (EDC) for the implementation of the Phnom Penh City Transmission and Distribution System Expansion Project (Phase 2) (II).

Bangladesh and World Bank sign USD450 million loan agreement 

April 10, 2018
The government of Bangladesh has signed a loan agreement worth USD450 million with the World Bank for implementation of the ‘Enhancement and Strengthening of Power Transmission Network in Eastern Region Project’ in Bangladesh.



Europe


German KfW bank to purchase 20 per cent stake in TSO 50Hertz from Elia 

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.

Romanian TSO receives EUR2.2 million of EC’s grant for 400 kV Cernavoda–Stalpu line 

May 7, 2018
Romanian power grid operator Transelectrica has received the first tranche of the EUR2.2 million grant from the European Commission (EC) to build a new 160-km-long, 400 kV line between Cernavoda and Stalpu.

EBRD to lend EUR20.1 million to Bosnian TSO [free access]

May 7, 2018
The European Bank for Reconstruction and Development (EBRD) is planning to provide a corporate loan of up to EUR20.1 million to Bosnia's power transmission system operator (TSO) Elektroprijenos BiH, for the modernisation and upgradation of the telecommunications system of the company.



Middle East & Africa


Uganda receives USD141 million from India for grid expansion 

July 25, 2018
Uganda has received a USD141 million loan from India for expansion of its transmission network.

AfDB extends USD123 million for Tanzanian 400 kV project [free access]

July 25, 2018
The African Development Bank (AfDB) has extended a USD123.39 million loan to Tanzania for financing the 400 kV Nyakanazi–Kigoma transmission line project associated with the Northwest Grid Project.

AFD lends KETRACO KESD10.9 billion for Kenya’s grid improvement 

July 6, 2018
Recently, the French development agency Agence Française de Développement (AFD) has extended a loan of KES10.9 billion to Kenyan state-owned grid company Kenya Electricity Transmission Company Limited (KETRACO) for undertaking grid improvement works.

German KfW lends ZAR1.35 billion to South African Eskom for grid integration 

July 2, 2018
South African state-owned power utility Eskom Holdings SOC Limited (Eskom) has signed a loan agreement worth ZAR1.35 billion with the German KfW Development Bank for supporting investments needed to expand the transmission network in the Northern Cape Province.