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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 Argo Infrastructure acquires Hudson Transmission Partners 

September 19, 2018
Argo Infrastructure Partners LLC, a US-based investment management company, has announced its plans to acquire the equity interests of Ares EIF Management LLC (a subsidiary of Ares Management LP) and Starwood Energy Group Global LLC, in Hudson Transmission Partners (HTP) — a subsidiary of PowerBridge, formed for development of the Hudson Transmission Project.

US-based GridLiance to acquire EEI’s 161 kV transmission assets in Illinois 

September 10, 2018
US-based GridLiance has signed an agreement with Electric Energy, Inc. (EEI) to acquire its transmission assets in Illinois.

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.



Latin America


USTDA awards USD488,000 grant to Brazilian CTEEP for grid automation and cyber security 

August 21, 2018
The US Trade and Development Agency (USTDA) has awarded a grant to Brazilian power company, Companhia de Transmissao de Energia Eletrica Paulista (CTEEP), a part of Colombian state-owned power company Interconexión Eléctrica S.A. (ISA), to support the development of a grid automation and cyber security implementation plan.

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.



Asia Pacific


World Bank approves USD310 million loan for India’s state transmission network 

October 8, 2018
The World Bank has approved a loan worth USD310 million for the Jharkhand Power System Improvement Project (JPSIP), which will help in increasing transmission capacity in the state of Jharkhand and strengthen the institutional capacity of state-owned power transmission and distribution utilities.

Afghanistan’s DABS signs MoU with India’s Tata Power 

September 21, 2018
Afghanistan's Da Afghanistan Breshna Sherkat (DABS) has signed a memorandum of understanding (MoU) with India-based Tata Power on undertaking mutual investment in the country.

Vietnam’s EVN signs agreement worth VND17 billion with USTDA 

September 11, 2018
State-owned Electricity of Vietnam (EVN) has signed a VND17 billion financing agreement with the U.S. Trade and Development Agency (USTDA) to examine the feasibility of deploying advanced energy storage technologies in Vietnam.

IndiGrid completes acquisition of 400 kV transmission asset in India 

September 4, 2018
IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector, has completed the acquisition of transmission assets of Patran Transmission Company Limited (PTCL) from Techno Electric & Engineering Company Limited at an estimated value of INR2.32 billion.



Europe


EIB lends EUR100 million to modernise Hungary`s transmission network 

October 9, 2018
The European Investment Bank (EIB) has agreed to lend EUR100 million to the Hungarian power company Magyar Villamos Mvek (MVM) to modernise its power transmission network and upgrade Hungary`s power interconnection capacity with Slovakia.

EC grants EUR100 million for 525 kV NordLink between Germany and Norway 

August 21, 2018
The European Commission (EC) has signed a EUR100 million financing agreement with German transmission system operator (TSO) TenneT for the 525 kV NordLink, which the latter is jointly developing with Norway’s Statnett.

KfW bank to purchase 20 per cent stake in TSO 50Hertz from Elia [free access]

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.



Middle East & Africa


AfDB approves USD218 million loan for South Africa’s ETIP 

September 27, 2018
The African Development Bank (AfDB) has approved a USD218 million loan to the South African state-owned power utility Eskom Holdings SOC Limited (Eskom) for the implementation of the Eskom Transmission Improvement Project (ETIP).

JICA grants JPY2.6 billion for T&D project in Rwanda [free access]

September 20, 2018
The Japan International Cooperation Agency (JICA) has signed a grant agreement worth JPY2.63 billion with the Government of the Republic of Rwanda for the implementation of the Project for Improvement of Substations and Distribution Network Phase 3.

German KfW and EU grant EUR28.4 million for Zambian grid 

August 22, 2018
The Government of Zambia has received a EUR28.4 million grant from the European Union (EU) and German KfW Development Bank for financing the Zambia Sustainable Access to Electricity in Southern Division project.

Liberia receives USD21.5 million from EU for Monrovia Consolidation Project 

August 20, 2018
The European Union (EU) has provided USD21.5 million for the implementation of Lot I of the Monrovia Consolidation of Electricity Transmission and Distribution Project.