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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


Sempra closes acquisition deals with InfraREIT and Sharyland Utilities 

May 16, 2019
Sempra Energy has announced the closing of two acquisition deals. Its subsidiary, Oncor Electric Delivery Company LLC, has acquired InfraREIT, Inc. and its subsidiary, InfraREIT Partners, LP, while in another deal, Sempra Energy completed the acquisition of 50 per cent limited-partnership interest in Sharyland Utilities, LLC (Sharyland).

Siemens and CIP purchase 525 kV SOO Green Renewable Rail project 

March 11, 2019
Siemens, a German energy-engineering firm, and Copenhagen Infrastructure Partners (CIP), a Danish fund specialising in renewables, have purchased the 2,100 MW high voltage direct current (HVDC) SOO Green Renewable Rail project from North Carolina-based Direct Connect Development Company (DC DevCo).

NYPA receives APPA grant to integrate LiDAR with drones 

January 21, 2019
The New York Power Authority (NYPA) has received a USD125,000 grant from the American Public Power Association’s (APPA) Demonstration of Energy and Efficiency Development (DEED) programme to research and integrate light detection and ranging (LiDAR) technology into its existing Unmanned Aircraft System (UAS) programme for vegetation management inspections along its transmission lines.

Brazilian EDP signs BRL124.5 million financing agreement with BNB 

January 3, 2019
Brazilian Energias do Brasil S.A. (EDP), through its subsidiary EDP Transmissão MA II, has signed a financing agreement with Banco do Nordeste do Brasil S.A. (BNB), for a credit facility of BRL124.5 million, to be provided with funds from the Fundo Constitucional de Financiamento do Nordeste (FNE).



Latin America


Brazilian TAESA acquires four SPEs of Eletrobras 

June 3, 2019
Brazilian electric power transmission company Transmissora Alianca de Energia Eletrica SA (TAESA) has completed the acquisition of four special purpose entities (SPEs) of state-owned power company Centrais Elétricas Brasileiras S.A. (Eletrobras).

Brazilian Energias do Brasil S.A. acquires Litoral Sul Transmissora de Energia 

May 30, 2019
Brazilian EDP Energias do Brasil S.A., a subsidiary of Portuguese energy group EDP, has signed an agreement to acquire Litoral Sul Transmissora de Energia — a specific purpose entity (SPE), from Chinese CEE Power (49 per cent share) and Brazilian Consórcio Braferpower- Brafer Contruções Metálicas S.A. (51 per cent share).

Paraguayan ANDE signs USD70 million loan deal with FONPLATA 

May 7, 2019
Paraguay state-owned power company Administración Nacional de Electricidad (ANDE) has signed a USD70 million loan deal with Fondo Financiero Para El Desarrollo De La Cuenca Del Plata (FONPLATA) or Financial Fund for the Development of the River Plate Basin for the construction of a transmission substation to increase the continuity of supply in Greater Asunción and the central area of ​​Paraguay.

Italian company Terna acquires two transmission concessions from Construtora Quebec in Brazil 

April 12, 2019
Italian grid developer Terna, through its subsidiary Terna Plus—a Group company responsible for the development of international operations—signed a contract with Construtora Quebec, a company in the energy sector in Brazil, with the objective to acquire majority control of two concessions to build and operate a total of 350 km of electricity infrastructure in Brazil.



Asia Pacific


World Bank grants USD300 million loan to develop RE with battery storage in China 

June 11, 2019
The World Bank has approved a USD300 million loan for the China Renewable Energy and Battery Storage Promotion Project, which aims to augment the integration and use of renewable energy (RE) through the deployment of battery storage systems at scale.

IDA loans USD65 million for additional financing of Pakistan’s component of CASA 1000 

June 4, 2019
The International Development Association (IDA), the concessional financing arm of the World Bank, has approved a loan of USD65 million for the additional financing required to complete Pakistan’s infrastructure component of the Central Asia-South Asia Electricity Transmission and Trade Project (CASA) 1000.

US’KKR and Singapore’s GIC acquire stake in Indian InvIT [free access]

April 30, 2019
US-based investment private equity giant KKR and Singapore’s sovereign wealth fund GIC Private Limited have acquired a combined stake of 42 per cent in India’s leading infrastructure investment trust (InvIT) India Grid Trust (IndiGrid) owned by Sterlite Power Transmission Limited.

Bangladesh’s PGCB receives USD120 million loan approval from AIIB for project 

March 28, 2019
State-owned Power Grid Company of Bangladesh Limited (PGCB) has received the approval for a loan of USD120 million from the multilateral financial institution Asian Infrastructure Investment Bank (AIIB), for the implementation of the Bangladesh Power System Upgrade and Expansion Project.



Europe


EIB to back 32 GWh battery project in Sweden 

May 15, 2019
The European Investment Bank (EIB) has given in-principle approval to a EUR350 million loan to back Sweden-based Northvolt AB’s plan for a gigafactory meant for lithium-ion battery cells in Sweden.

Greece secures EIB funds for Crete Interconnector Phase I 

May 13, 2019
The Greek Independent Power Transmission Operator (IPTO), Anexartitos Diacheiristis MetaforasIlektrikis Energeias (ADMIE), has secured a EUR178 million long-term loan from the European Investment Bank (EIB), to partially fund the construction of the Phase I of the Crete Interconnector project, the first electrical interconnection between Crete Island and in mainland Greece.

World Bank lends USD70 million to improve Moldova’s transmission system 

May 8, 2019
The World Bank has approved a USD70 million loan to Moldova to be used to finance the Power System Development Project aimed at increasing the capacity and improving reliability of the country's power transmission system.

Romania's Transelectrica receives EUR31 million government funding for 400 kV line 

April 10, 2019
The Romanian national power grid operator Transelectrica SA has received non-reimbursable funding of EUR31 million from the Ministerul Fondurilor Europenefor or the Romanian Ministry of European Funds for the 400 kV Gutinaș–Smârdan double-circuit overhead line(OHL).



Middle East & Africa


EXIM Bank of Korea to loan USD170 million for transmission project in Ethiopia 

April 24, 2019
Ethiopia and the Export Import (EXIM) Bank of Korea have signed a concessional loan agreement of around USD170 million for the implementation of a transmission project for grid expansion in the Southern region of the country.

TCN receives USD170 million credit from AFD for Abuja Feeding Scheme 

April 12, 2019
The Transmission Company of Nigeria (TCN) has received credit of USD170 million from the Agence Française de Development (AFD) for financing the Abuja Feeding Scheme Project, aimed at reinforcing transmission capacity for reliable electricity supply around Abuja.

NDB extends USD180 million loan to South African Eskom for grid connection project 

April 1, 2019
The New Development Bank (NDB), formerly referred to as the BRICS (Brazil, Russia, India, China and South Africa), has signed a loan agreement worth USD180 million with the South African state-owned power utility Eskom Holdings SOC Limited (Eskom) for the implementation of the Renewable Energy Integration and Transmission Augmentation Project.

AFD, EU extend financial aid to Burkina Faso for North Core Project [free access]

March 12, 2019
The Agence Française de Développement (AFD) and the European Union (EU) have signed financing agreements aggregating USD51 million (CFA30 billion) for establishing Burkina Faso’s transmission components in the North Dorsal Project or the North Core Project.