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Deal Watch

Reports on major debt, equity and M&A deals


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North America


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).

US-based Dominion Energy and SCANA Corporation complete merger 

January 2, 2019
The US-based Dominion Energy, Incorporated and SCANA Corporation have officially completed their impending merger deal.



Latin America


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.

KFAED loans KWD17 million for power projects in Suriname 

April 4, 2019
The Kuwait Fund for Arab Economic Development (KFAED) will provide a loan worth KWD5 million (USD17 million) to Suriname for financing the implementation of power generation, transmission and distribution (T&D) projects in the country.

Brazilian BNDES grants BRL1.40 billion for two SPEs of Equatorial Energia 

April 4, 2019
Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development has signed a financial agreement worth BRL1.40 billion with the two units of Equatorial Energia – Equatorial Transmissora 4 SPE SA and Equatorial Transmissora 6 SPE SA.

CABEI approves USD50 million loan for Panama-based ETESA 

March 4, 2019
The Central American Bank for Economic Integration (CABEI) has approved a USD50 million loan for the Panamanian electric transmission company Empresa de Transmisión Eléctrica, S.A. (ETESA) to provide short-term resources to the latter to initiate the development of high voltage electrical infrastructure.



Asia Pacific


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

PFC signs agreement to purchase central government's 52.63 per cent stake in REC 

March 25, 2019
Recently, India’s Power Finance Corporation (PFC), an Indian government-owned financial institution, has signed an agreement for acquiring the central government's 52.63 per cent stake in Rural Electrification Corporation (REC), by purchasing INR1,039.4 million equity shares of INR10 each.

Kalpataru Power acquires 85 per cent stake in Swedish EPC company 

March 25, 2019
Indian power and infrastructure engineering, procurement and construction (EPC) services provider Kalpataru Power Transmission Limited (KPTL) through its wholly-owned subsidiary Kalpataru Power Transmission Sweden AB, has signed a definitive agreement to acquire an 85 per cent stake in Swedish Linjemontage i Grastorp AB (LMG) for an enterprise value of USD24 million.

India-based ATL acquires KEC Bikaner Sikar Transmission 

February 10, 2019
Adani Transmission Limited (ATL), a power transmission arm of India-based conglomerate Adani Group, has acquired KEC Bikaner Sikar Transmission Private Limited from Indian engineering, construction and procurement (EPC) company KEC International Limited at an enterprise value of INR2.28 billion.



Europe


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).

EC grants EUR28.6 million for Bulgarian section of Bulgaria–Greece interconnection 

April 1, 2019
The Bulgarian Electricity System Operator (ESO) and the Innovations and Networks Executive Agency of the European Commission (EC) have signed a EUR28.6 million grant agreement under the Connecting Europe Facility (CEF) for the construction of the Bulgarian section of the 400 kV Maritsa East 1 (Bulgaria)–Nea Santa (Greece) link.

EU and Baltic TSOs sign grant agreement for Baltic grid synchronisation project 

March 20, 2019
The three Baltic transmission system operators (TSOs)—Estonia’s Elering, Latvia’s Augstsprieguma Tikls (AST) and Lithuania’s Litgrid—have signed a grant agreement worth EUR323 million with the European Union’s (EU) Innovation and Network Executive Agency (INEA) in Brussels, for the co-financing of the first stage of the synchronisation of the Baltic power grids with the continental European electricity system.

Polish operators sign agreement to develop electricity network for over PLN100 million 

March 4, 2019
Poland’s transmission system operator (TSO) Polskie Sieci Elektroenergetyczne (PSE) and distribution network developers Enea Operator and Tauron Dystrybucja, have signed an agreement to coordinate the development of the electricity transmission and distribution network in western Poland.



Middle East & Africa


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.

AFD approves USD245 million for Nigeria’s Northern Corridor Transmission Project 

January 2, 2019
The Agence Française de Développement (AFD) has approved USD245 million for the implementation of Nigeria’s Northern Corridor Transmission Project, which is being developed by the Transmission Company of Nigeria (TCN).