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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


Canada-based Hydro One to acquire US-based Avista Corporation [free access]

July 19, 2017
Toronto-based Hydro One has planned to move into the US natural gas and electrical transmission business by acquiring Washington-based Avista Corporation for USD4.4 billion.

Berkshire Hathaway Energy to acquire Oncor Electric from EFH 

July 7, 2017
After being unable to strike a deal with Hunt Consolidated Inc. of Texas and Florida's NextEra Energy Incorporated, to sell off its subsidiary Oncor Electric Delivery Company LLC, Energy Future Holdings (EFH) is now in talks with Berkshire Hathaway Energy, a unit of Warren Buffett's Berkshire Hathaway Inc. for the same.

POWER Engineers acquires Sega Incorporated 

July 3, 2017
Idaho-based POWER Engineers Incorporated has closed a deal to acquire Sega Incorporated—a Kansas City-based consulting engineering firm with extensive experience in power generation and power delivery.

Pattern Energy acquires interest in Broadview Wind Project and Western Interconnect 

April 26, 2017
Pattern Energy Group Incorporated, a subsidiary of Pattern Development, has acquired interests in the 324 MW Broadview Wind power facilities, and associated 35-mile (56-km), 345 kV Western Interconnect transmission line from Pattern Energy Group LP (Pattern Development) for USD269 million.



Latin America


IIC signs USD81 million loan agreement with Terna for 500 kV line in Uruguay 

July 18, 2017
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank (IaDB), has signed a USD81 million loan agreement with Italy-based Terna, the largest transmission system operator in Europe, to develop the 500 kV Melo–Tacuarembó transmission line project in Uruguay.

Canada's Brookfield Asset Management to acquire Brazilian Ambar Energia Ltda 

July 13, 2017
Reportedly, Canada's Brookfield Asset Management has signed an agreement to acquire power transmission lines owned by Brazil's J&F Investimentos SA, which is selling off assets to pay a record corruption-related fine.

Brazilian Cade approves Neoenergia SA–Elektro Holdings SA merger deal 

July 8, 2017
Brazilian business administration watchdog Conselho Administrativo de Defesa Econômica (Cade) has approved the merger of local power holding companies Neoenergia SA and Elektro Holdings SA.

Brazilian Eletrosul to transfer BRL3.27 billion project to Chinese SPTDE 

June 6, 2017
Reportedly, Eletrosul Centrais Elétricas S.A. (Eletrosul), a subsidiary of Centrais Elétricas Brasileiras S.A. (Eletrobras), has signed a preliminary agreement with Shanghai Electric Power Transmission and Distribution Engineering (SPTDE), a subsidiary of the Chinese company Shanghai Electric, to transfer control of Transmission System Development in Rio Grande do Sul project.



Asia Pacific


World Bank approves USD60 million for Afghanistan’s electrification project 

June 19, 2017
The World Bank’s International Development Association (IDA) has approved a grant worth USD60 million for the implementation of the Herat Electrification Project, which will provide access to electricity to households, institutions and businesses in selected areas of Herat Province of Afghanistan.

AIIB approves USD160 million loan for Indian state’s T&D network 

May 4, 2017
The newly founded multilateral financial institution Asian Infrastructure Investment Bank (AIIB) has approved a loan worth USD160 million to support Indian state of Andhra Pradesh’s 24x7 Power for All project, with the objective to strengthen the power transmission and distribution (T&D) system in the state.

Japan extends loan for Pakistan’s transmission project 

May 4, 2017
The Japanese government has extended a loan worth USD26 million to the Pakistan government for the implementation of the Transmission System Network Reinforcement Project in Islamabad and Burhan in Pakistan.

World Bank approves loan for power network efficiency project in Bangladesh 

May 1, 2017
The World Bank has approved a loan worth USD59 million for the implementation of the Power System Reliability and Efficiency Improvement Project in Bangladesh.



Europe


Polish TFKable to acquire UK’s offshore specialist JDR Cable Systems 

July 17, 2017
Polish cable giant Tele-Fonika Kable (TFKable) is in the process of acquiring the UK’s offshore specialist JDR Cable Systems in an undisclosed deal that is subject to regulatory approval.

EIB extends EUR100 million for two Belgium projects 

July 5, 2017
The European Investment Bank (EIB) has agreed to extend a seven-year loan worth EUR100 million to Belgian transmission system operator (TSO) Elia, for connecting renewable energy and integrating the European energy system.

Irish and French TSOs receive EC’s EUR4 million grant for Celtic Interconnector 

July 3, 2017
Irish and French transmission system operators (TSOs) – EirGrid Plc and Reseau de Transport d'Electricite (RTE), have received EUR4 million from the European Commission (EC) for the Celtic Interconnector project between the two countries.

Italy’s Terna signs EUR85 million loan agreement with EIB [free access]

June 27, 2017
Italy’s transmission system operator (TSO) Terna Rete Italia S.p.A. has signed an agreement with the European Investment Bank (EIB) for a loan worth EUR85 million, with a maturity of 22 years.



Middle East & Africa


Egyptian EEHC to ink EGP37 billion loan agreement with local banks 

July 16, 2017
State-owned Egyptian Electricity Holding Company (EEHC) is all set to sign a loan agreement worth EGP37 billion with the Egyptian banks —National Bank of Egypt (NBE) and Banque Misr (BM)

Iran's Tavanir and Korea's KEPCO sign MoU to develop CDM programme 

May 1, 2017
Iran Power Generation Transmission & Distribution Management Company (Tavanir) and South Korean power utility Korea Electric Power Corporation (KEPCO) have signed a memorandum of understanding (MoU) to help develop a clean development mechanism (CDM) programme in Iran.

World Bank approves USD325 million to support Ivory Coast’s power grid upgrade 

April 28, 2017
The World Bank’s International Development Association (IDA) has signed a USD325 million financing agreement with the government of Ivory Coast for implementing the Electricity Transmission and Access Project.

AfDB extends USD35 million for 330 kV ZiZaBoNa interconnection project 

April 4, 2017
The African Development Bank (AfDB) has extended a loan worth USD35 million for the implementation of the 330 kV Zimbabwe–Zambia–Botswana–Namibia (ZiZaBoNa) project, aimed at connecting the power grids of the four countries. The funding has been injected at a time when the project is expected to reach financial closure in 2018.