Deal Watch
Reports on major debt, equity and M&A deals
North America
Latin America
Asia Pacific
Europe
Middle East & Africa
North America
Saugeen Ojibway Nation acquires 30 per cent stake in Bruce–Milton project in Canada
May 10, 2013Saugeen Ojibway Nation has signed an agreement with Hydro One to acquire a 30 per cent stake in the Bruce–Milton Transmission Reinforcement Project.
TransAlta and MidAmerican to jointly bid for Fort McMurray West project
May 9, 2013Alberta-based TransAlta Corporation has planned to form a strategic partnership with Warren Buffett’s MidAmerican Energy under the name of TAMA Transmission to bid for the USD1.6 billion Fort McMurray West Transmission Project.
USDA to provide USD126 million to upgrade rural electric systems
May 1, 2013The United State Development of Agriculture (USDA) will finance four rural electric projects in eight states
DATC completes acquisition deal with Atlantic Power
April 30, 2013Duke-American Transmission Company (DATC), a joint venture between Duke Energy and American Transmission Company (ATC), has completed its deal with Atlantic Power Corporation of acquiring the 84 mile (135.24 km), 500 kV Path 15 Transmission Project in central California.
Latin America
Colombian Transelca receives COP10 billion loan from Banco de Bogota
April 23, 2013Colombia’s second largest transmission company Transelca, owned by state-run power grid operator Interconexion Electrica (ISA), has received a COP10 billion loan from Banco de Bogota bank.
USTDA awards grant to Colombia-based XM
March 20, 2013The US Trade and Development Agency (USTDA) has awarded a USD463,944 subsidy to Colombia’s grid operator XM Compañía de Expertos en Mercados S.A. E.S.P. (XM) to design and implement a smart grid project.
Brazilian power utility Eletrosul acquires Artemis’ grid assets
January 15, 2013The shareholders of Brazil's state-owned power holding company Centrais Eletricas Brasileiras SA (Eletrobras) subsidiary Eletrosul Centrais Elétricas S.A. (Eletrosul) have approved acquisition of transmission company Artemis Transmissora de Energia S.A.
CEEE to receive BRL381 million from BNDES to strengthen Rio Grande de Sul grid
January 3, 2013Brazil’s state-run power utility Companhia Estadual de Energia Eletrica (CEEE) will receive a BRL381 million loan from Brazil's Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Development Bank to upgrade and expand the power network in the state of Rio Grande do Sul.
Asia Pacific
India’s CGL inks JV with Indonesia’s PLNE for switchgear manufacturing
May 3, 2013India-based Crompton Greaves Limited (CGL) and Indonesia’s PT Prima Layanan Nasional Enjinring (PLNE) have signed a 51:49 joint venture (JV) to manufacture high voltage (HV) and extra high voltage (EHV) switchgears in Indonesia.
Japan to provide INR70 billion for infrastructure projects in India
April 25, 2013The Japanese government would provide INR70 billion to the state-owned power holding company TNEB Limited for development of power infrastructure projects in the state.
Indian PFS provides INR1.25 billion loan for transmission project
April 12, 2013PTC India Financial Services Limited (PFS), an infrastructure finance company set up by the state-owned Power Finance Corporation (PFC) Limited, has sanctioned a loan of INR1.25 billion for a power transmission project in India.
Myanmar power company to receive NEDA loan for grid upgrade
April 10, 2013Power company Yangon Electricity Supply Board is expected to receive a loan worth THB1 billion from the Neighbouring Countries Economic Development Agency (NEDA) to upgrade transmission lines in Yangon, Myanmar.
Europe
EIB provides EUR190 million for Greece’s power sector
May 16, 2013The European Investment Bank (EIB) has provided a EUR190 million loan to Greece’s state-owned power utility Public Power Corporation (PPC) for strengthening the country’s power sector.
EBRD provides EUR60 million for Montenegro power grid upgrade
May 8, 2013The European Bank for Reconstruction and Development (EBRD) has approved a loan worth EUR60 million to Montenegro for strengthening of the grid that will be part of a future undersea power link of the country with Italy.
China Development Bank and Portuguese REN sign refinancing agreement
May 2, 2013Portuguese transmission system operator (TSO) Redes Energéticas Nacionais (REN) has received a loan worth EUR400 million from China Development Bank (CDB).
EIB provides first tranche of funds to Portuguese EDA
April 29, 2013The European Investment Bank (EIB) has provided the first tranche of funds of EUR50 million to Portuguese power company Electricidade dos Açores S.A. (EDA) to support its 2011-2016 investment programme.
Middle East & Africa
Kuwait provides JOD106 million for power project to Jordan
May 5, 2013The Kuwait Fund for Arab Economic Development, on behalf of the Kuwaiti government, has provided a loan worth JOD106 million to Jordan.
Liberia receives USD35 million loan from World Bank
April 30, 2013The Liberian government has received a USD35 million loan from the World Bank to expand its power network.
Chinese SGCC provides USD1 billion loan for Ethiopian transmission project
April 26, 2013China Electric Power Equipment and Technology Company Limited (CET), a subsidiary of China’s largest transmission system operator (TSO) State Grid Corporation of China (SGCC) has signed a USD1 billion loan agreement with the Ethiopia’s state-owned vertically integrated power utility Ethiopian Electric Power Corporation (EEPCo) for the construction of the Grand Ethiopian Renaissance Dam (GERD) power transmission line project.
Kuwait grants USD250 million loan for transmission project in Bahrain
April 10, 2013The Kuwait Fund for Arab Economic Development (KFAED), on behalf of the Kuwaiti government, has signed an agreement with the government of the Kingdom of Bahrain to provide a grant worth USD250 million for a 400 kV transmission development project in Bahrain.