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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


Kansas-based Koch Industries acquires Sentient Energy 

March 26, 2020
Koch Engineered Solutions (KES), a unit of Kansas-based Koch Industries Inc., has acquired California-based Sentient Energy, a company providing distribution grid transformation, intelligent line sensors and grid analytics software for fault detection, outage prevention, and safe, reliable power delivery.

GridLiance Holdco closes transmission acquisition deal with EEI 

March 4, 2020
GridLiance Holdco, through its GridLiance Heartland LLC subsidiary, has closed the acquisition of six transmission lines from Vistra Energy’s subsidiary, Electric Energy Inc. (EEI).

Michigan Electric Transmission Company receives loan of USD75 million 

January 27, 2020
Reportedly, Michigan Electric Transmission Company, LLC (METC), a subsidiary of ITC Holdings, has entered into an unsecured term loan credit agreement for USD75 million with various lenders on January 23, 2020.

CAISO awards Gates 500 kV Dynamic Reactive Power Support Project to LS Power 

January 22, 2020
LS Power Grid California, LLC has been selected by the California Independent System Operator (CAISO) as the developer of the Gates 500 kV Dynamic Reactive Power Support Project.



Latin America


Indian Sterlite completes sale of two transmission assets in Brazil 

March 26, 2020
India’s Sterlite Power Transmission Limited has completed the sale of two of its transmission assets in Brazil.

Brazilian TAESA acquires two SPEs from Amber Energia 

March 16, 2020
Brazil electric power transmission company, Transmissora Alianca de Energia Eletrica SA (TAESA), has completed the purchase of two transmission special purpose entities (SPEs) of Brazilian J&F Investimentos SA’s energy arm, Amber Energia.

Sterlite Brazil completes sale of Sterlite Novo Estado Energia SA to Engie 

March 12, 2020
Sterlite Brazil Participacoes SA (subsidiary of Indian Sterlite Power Transmission Limited) has completed the sale of its special purpose entity (SPE), Sterlite Novo Estado Energia SA, to Engie Transmissao, a unit of Brazilian utility Engie Brasil Energia SA.

ANEEL approves merger of TDG and Chesf in Brazil [free access]

February 4, 2020
Brazilian energy regulator, Agência Nacional de Energia Elétrica (ANEEL), has approved the merger of the special purpose entity (SPE) of Centrais Elétricas Brasileiras SA (Eletrobras)—Transmissora Delmiro Gouveia (TDG), with its subsidiary Companhia Hidro Eletrica do Sao Francisco (Chesf).



Asia Pacific


IndiGrid acquires transmission asset worth USD134 million in India 

March 24, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has announced the acquisition of East North Interconnection Company Limited (ENICL), at a cost USD134 million from SPTL.

AIIB to provide USD200 million loan to Bangladesh for power supply expansion 

March 4, 2020
The Asian Infrastructure Investment Bank (AIIB) has agreed to provide a loan of USD200 million to Bangladesh for expansion of its power supply network, in the capital city of Dhaka and the country’s western zone.

Pakistan’s NTDC secures PKR6.4 billion loan for transmission projects 

February 26, 2020
Pakistan’s state-owned, high voltage network developer, National Transmission and Despatch Company Limited (NTDC), has secured a PKR6.4 billion loan from a consortium of banks—Habib Bank Limited (HBL), National Bank of Pakistan (NBP) and BankIslami Pakistan Limited (BIPL)—for the construction of the 220 kV Jhimpir-II grid substation (GSS), along with associated transmission lines.

Pakistan signs loan agreements with World Bank for CASA-1000 project [free access]

November 27, 2019
In a bid to improve power supply and civil services in the city of Karachi, Pakistan has signed loan agreements with the World Bank for five projects worth USD787 million, including USD65 million for the Central Asia–South Asia Electricity Transmission and Trade (CASA-1000) power project.



Europe


EIB and TenneT inks EUR250 million loan agreement for offshore grid expansion 

March 9, 2020
The Dutch power transmission system operator (TSO) TenneT and the European Investment Bank (EIB) have inked a EUR250 million loan agreement for the western section of the Zuid-West 380 kV project.

World Bank approves EUR290 million loan to support renewable energy in Turkey 

March 4, 2020
The World Bank’s Board of Executive Directors has recently approved additional financing of EUR289.5 million to the Turkish grid developer Türkiye Elektrik Iletim A.S (TEIAS) for the implementation of the Renewable Energy Integration Project (REIP).

Danish NKT acquires R&D consultancy from ABB [free access]

December 30, 2019
Denmark's NKT Cables has acquired the technology consulting unit from the Swedish-Swiss ABB, in a move to strengthen its research and development (R&D) department and maintain its well-built market position within innovative power cable solutions.

Elecnor, APG acquire CC&I to develop transmission in Spain, Chile and Brazil 

December 18, 2019
The Spanish infrastructure, energy and telecommunications company, Elecnor Group, and the Dutch pension fund manager, APG Group, have closed their partnership agreement, via which the two will jointly invest and develop transmission and renewable energy projects (except wind power projects) in Spain, Chile and Brazil.



Middle East & Africa


AfDB to lend USD243 million for 225 kV Cameroon–Chad Power Interconnector 

March 24, 2020
As per news reports, the presidency of Cameroon has permitted the government to sign two loan agreements with the African Development Bank (AfDB) aggregating USD243 million to finance the 225 kV Cameroon–Chad Power Interconnector project.

Chinese EXIM Bank loans USD214 million for Nyabarongo II Dam Project in Rwanda 

February 12, 2020
Recently, the Export Import (EXIM) Bank of China has extended financial support worth USD214 million in the form of a loan to the Government of Rwanda for the construction of the Nyabarongo II dam, which will be implemented by the Chinese company Sinohydro.

Ghana receives EUR250 million from Germany to mordernise grid network 

January 16, 2020
Recently, Ghana received EUR250 million from the German government to upgrade and expand the country’s transmission infrastructure, under the Germany’s Compact with Africa programme.

TCN receives USD13 million grant from JICA to boost power supply in Nigeria 

December 27, 2019
As per news reports, Transmission Company of Nigeria (TCN) has received a grant worth USD13 million from the Japan International Cooperation Agency (JICA) for the provision of capacitor banks to ensure uninterrupted power supply in the Apo and Keffi axis of Nasarawa State in Nigeria.