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Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


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.

CFIUS completes review of Hydro One and Avista merger deal 

May 21, 2018
The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the proposed merger between the Toronto-based Hydro One Limited (Hydro One) and Washington-based Avista Corporation, and concluded that there are no unresolved national security concerns with respect to the transaction.

Pattern Development acquires two wind energy assets from CLE 

May 21, 2018
Pattern Development has acquired two wind energy assets in New Mexico – Western Spirit Transmission Line and Mesa Canyons wind farm, from Clean Line Energy Partners (CLE).

GridLiance acquires transmission assets of city of Nixa [free access]

April 4, 2018
South Central MCN LLC, a subsidiary of GridLiance Holdco, LP (GridLiance)—an independent transmission company, has received approval from Federal Energy Regulatory Commission (FERC) to acquire transmission assets of the city of Nixa.



Latin America


China Southern Power Grid acquires 27.7 per cent stake in Chilean Transelec 

March 15, 2018
China Southern Power Grid has received final approvals from the government of China to purchase Canada-based Brookfield Infrastructure’s stake in Chile’s largest electric transmission system, Transelec.

Grupo Argos to sell stake in Colombian EPSA [free access]

February 15, 2018
Colombian conglomerate Grupo Argos is selling its 100 per cent stake in Colombian electricity company Empresa de Energia del Pacifico S.A. E.S.P. (EPSA) to its unit Celsia S.A. E.S.P.

Brookfield Infrastructure to sell shares of Chilean Transelec to Chinese CSG 

December 26, 2017
Canada-based Brookfield Infrastructure has signed definitive agreements to sell its approximate 27.8 per cent interest in ETC Transmission Holdings, S.L.—the parent company of Chilean Transelec S.A., to China Southern Power Grid International (CSG) Company Limited for USD1.3 billion.

Colombian EEB sells off 100 per cent shares in ISA 

December 25, 2017
Energia de Bogota S.A. E.S.P. (EEB), the parent company of Colombia's Grupo Energía Bogotá (GEB), has sold 85.3 per cent of its shares in Colombian Interconexion Eléctrica S.A. (ISA) for more than COP220 billion.



Asia Pacific


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 

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.

Pakistan government signs USD260 million loan agreement with ADB 

March 20, 2018
The Pakistan government and the Asian Development Bank (ADB) have signed a loan agreement worth USD260 million as a part of the Second Power Transmission Enhancement Investment Programme aimed to improve Pakistan’s power transmission network.



Europe


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.

EU clears acquisition of Eurogrid by Belgian Elia [free access]

April 17, 2018
The European Commission (EC) has given its approval, under the European Union (EU) Merger Regulation, to the acquisition of sole control of Eurogrid International by Belgium’s transmission system operator (TSO), Elia.



Middle East & Africa


AfDB extends USD65 million for Zuzu substation in Tanzania 

May 8, 2018
The African Development Bank (AfDB) has extended financial support of USD64.855 million to the state-owned Tanzania Electric Supply Company Limited (TANESCO) for the implementation of the Backbone Transmission Investment Project.

Uganda receives EUR37 million loan from ADF for Masaka–Mbarara line 

May 3, 2018
The French development agency Agencie Francaise de Development (AFD) has extended a EUR37 million loan to the Ugandan Ministry of Finance for the execution of the Masaka–Mbarara line.

Arab Fund extends KWD60 million for Egypt’s high voltage grid development 

April 24, 2018
The Arab Fund for Economic & Social Development (AFESD) has signed a deal with the Egyptian Ministry of Investment and International Cooperation, under which the former will extend KWD60 million to the latter for the development, upgradation and expansion of the country’s transmission network.

Tunisia signs USD121 million loan agreement with IsDB 

April 9, 2018
Tunisia has signed a USD121 million loan agreement with the Islamic Development Bank (IsDB) for the implementation of transmission projects.