Subscriber Login

Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


PUCT approves asset-swapping deal between Oncor and Sharyland Utilities 

October 12, 2017
The Public Utility Commission of Texas (PUCT) has approved an asset-swapping deal between Oncor Electric Delivery Company LLC (Oncor)—a subsidiary of Energy Future Holdings Corporation (EFH), and Sharyland Utilities, L.P. (Sharyland or Sharyland Utilities) and its subsidiary Sharyland Distribution & Transmission Services, L.L.C. (SDTS).

Sempra Energy revises financial structure to acquire re-structured EFH 

October 4, 2017
Sempra Energy Inc. has revised the financial structure of its USD9.45 billion proposal to acquire the restructured Energy Future Holdings Corporation (EFH), the indirect owner of 80 per cent stake in Oncor Electric Delivery Company, LLC (Oncor) — operator of the largest electric transmission and distribution system in Texas.

NextEra seeks approval from PUCT for minority stake in Oncor 

October 2, 2017
After being rejected thrice by Public Utility Commission of Texas (PUCT) to acquire Oncor Electric Delivery—a subsidiary of Energy Future Holdings (EFH), NextEra Energy is trying to acquire a minority ownership in the company.

GridLiance acquires 230 kV transmission assets of VEA 

September 20, 2017
GridLiance Holdco LP (GridLiance), an independent electric transmission company, has completed its acquisition of Nevada-based member-owned electric cooperative Valley Electric Association’s (VEA) high voltage transmission system.



Latin America


Brazilian CTEEP formalises agreement to acquire IENNE 

October 9, 2017
Companhia de Transmissão de Energia Elétrica Paulista (CTEEP) — a Brazilian subsidiary of Colombian state-owned power company Interconexión Eléctrica S.A. (ISA) has formalised an agreement to acquire all the shares of the country’s local transmission concessionaire Interligação Elétrica Norte e Nordeste (IENNE), from Spanish company Isolux Energia e Participações S.A. (Isolux) and Rio de Janeiro-based power company Construções e Participações S.A (Cymi Holding).

Chilean Transelec acquires Don Héctor switchyard from SunPower 

September 25, 2017
Chilean power transmission firm Transelec, owned by Canadian Brookfield Asset Management, has acquired the switchyard that interconnects SunPower's 100 MW El Pelicano solar project with the Sistema Interconectado Central (SIC) or the central interconnected grid of Chile for USD17.9 million.

Brazilian BNDES approves merger of Spanish Iberdrola with Neoenergia and Elektro 

August 21, 2017
Spanish power utility Iberdrola has received the approval of Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development to merge two Brazilian electric utilities, namely, Neoenergia SA and Elektro Holdings SA.

Brazilian WEG acquires CG Power USA Inc. [free access]

August 15, 2017
Brazil-based WEG SA has acquired US-based CG Power USA Inc., the power and distribution transformers arm of the Indian group Crompton Greaves (CG).



Asia Pacific


India extends USD4.5 billion credit for Bangladesh’s NPP and associated lines 

October 5, 2017
India and Bangladesh have signed a USD4.5 billion credit agreement, out of which nearly one-fourth of the amount will be spent on the construction of the first nuclear power plant at Rooppur in Bangladesh.

India’s POWERGRID signs INR32.70 billion loan agreement with ICICI Bank 

October 5, 2017
Indian transmission network developer Power Grid Corporation of India Limited (POWERGRID) has entered into a INR32.70 billion term loan facility agreement with private sector lender ICICI Bank.

ADB-AIIB to finance 400 kV component of green energy corridor 

September 27, 2017
The Asian Development Bank (ADB) has agreed to finance an additional 400 kV transmission system component under the Green Energy Corridor and Grid Strengthening Project in India, with co-financing from the Asian Infrastructure Investment Bank (AIIB).

Nepal and USA sign MCC grant worth USD500 million [free access]

September 18, 2017
The Nepal government has signed a five-year agreement with United States’ (US) Millennium Challenge Corporation (MCC) to mobilise a grant worth USD500 million for the development of energy and road transport sectors, which are considered major constraints to the economic growth in Nepal.



Europe


EIB grants EUR130 million for 1,200 MW Italy–France interconnector [free access]

July 26, 2017
The European Investment Bank (EIB) has granted funding worth EUR130 million to Italy’s Terna Energy Group for the Piedmont–Savoy link between France and Italy.

Polish TFKable to acquire UK’s offshore specialist JDR Cable Systems 

July 17, 2017
Polish cable giant Tele-Fonika Kable (TFKable) is in the process of acquiring the UK’s offshore specialist JDR Cable Systems in an undisclosed deal that is subject to regulatory approval.

EIB extends EUR100 million for two Belgium projects 

July 5, 2017
The European Investment Bank (EIB) has agreed to extend a seven-year loan worth EUR100 million to Belgian transmission system operator (TSO) Elia, for connecting renewable energy and integrating the European energy system.

Irish and French TSOs receive EC’s EUR4 million grant for Celtic Interconnector 

July 3, 2017
Irish and French transmission system operators (TSOs) – EirGrid Plc and Reseau de Transport d'Electricite (RTE), have received EUR4 million from the European Commission (EC) for the Celtic Interconnector project between the two countries.



Middle East & Africa


World Bank extends USD150 million grant to improve Mozambique’s grid operations 

October 2, 2017
The World Bank has extended a USD150 million grant for improving the operations of Mozambique’s power network.

Egyptian EEHC receives first installment of EGP37 billion loan 

August 21, 2017
State-owned Egyptian Electricity Holding Company (EEHC), together with its subsidiary Egyptian Electricity Transmission Company (EETC), has received EGP1.3 billion funding from local banks — Banque Misr (BM) and National Bank of Egypt (NBE).

Nigerian TCN secures USD1.55 billion to fund grid projects 

August 16, 2017
Nigeria's state-owned grid developer Transmission Company of Nigeria (TCN) has received more than USD1.55 billion from several multilateral donors in order to revive stalled projects and expand its electrical grid.

Egyptian EEHC to ink EGP37 billion loan agreement with local banks 

July 16, 2017
State-owned Egyptian Electricity Holding Company (EEHC) is all set to sign a loan agreement worth EGP37 billion with the Egyptian banks —National Bank of Egypt (NBE) and Banque Misr (BM)