Reports on major debt, equity and M&A deals
May 10, 2013
Saugeen Ojibway Nation has signed an agreement with Hydro One to acquire a 30 per cent stake in the Bruce–Milton Transmission Reinforcement Project.
May 9, 2013
Alberta-based TransAlta Corporation has planned to form a strategic partnership with Warren Buffett’s MidAmerican Energy under the name of TAMA Transmission to bid for the USD1.6 billion Fort McMurray West Transmission Project.
May 1, 2013
The United State Development of Agriculture (USDA) will finance four rural electric projects in eight states
April 30, 2013
Duke-American Transmission Company (DATC), a joint venture between Duke Energy and American Transmission Company (ATC), has completed its deal with Atlantic Power Corporation of acquiring the 84 mile (135.24 km), 500 kV Path 15 Transmission Project in central California.
April 23, 2013
Colombia’s second largest transmission company Transelca, owned by state-run power grid operator Interconexion Electrica (ISA), has received a COP10 billion loan from Banco de Bogota bank.
March 20, 2013
The US Trade and Development Agency (USTDA) has awarded a USD463,944 subsidy to Colombia’s grid operator XM Compañía de Expertos en Mercados S.A. E.S.P. (XM) to design and implement a smart grid project.
January 15, 2013
The shareholders of Brazil's state-owned power holding company Centrais Eletricas Brasileiras SA (Eletrobras) subsidiary Eletrosul Centrais Elétricas S.A. (Eletrosul) have approved acquisition of transmission company Artemis Transmissora de Energia S.A.
January 3, 2013
Brazil’s state-run power utility Companhia Estadual de Energia Eletrica (CEEE) will receive a BRL381 million loan from Brazil's Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Development Bank to upgrade and expand the power network in the state of Rio Grande do Sul.
May 3, 2013
India-based Crompton Greaves Limited (CGL) and Indonesia’s PT Prima Layanan Nasional Enjinring (PLNE) have signed a 51:49 joint venture (JV) to manufacture high voltage (HV) and extra high voltage (EHV) switchgears in Indonesia.
April 25, 2013
The Japanese government would provide INR70 billion to the state-owned power holding company TNEB Limited for development of power infrastructure projects in the state.
April 12, 2013
PTC India Financial Services Limited (PFS), an infrastructure finance company set up by the state-owned Power Finance Corporation (PFC) Limited, has sanctioned a loan of INR1.25 billion for a power transmission project in India.
April 10, 2013
Power company Yangon Electricity Supply Board is expected to receive a loan worth THB1 billion from the Neighbouring Countries Economic Development Agency (NEDA) to upgrade transmission lines in Yangon, Myanmar.
May 16, 2013
The European Investment Bank (EIB) has provided a EUR190 million loan to Greece’s state-owned power utility Public Power Corporation (PPC) for strengthening the country’s power sector.
May 8, 2013
The European Bank for Reconstruction and Development (EBRD) has approved a loan worth EUR60 million to Montenegro for strengthening of the grid that will be part of a future undersea power link of the country with Italy.
May 2, 2013
Portuguese transmission system operator (TSO) Redes Energéticas Nacionais (REN) has received a loan worth EUR400 million from China Development Bank (CDB).
April 29, 2013
The European Investment Bank (EIB) has provided the first tranche of funds of EUR50 million to Portuguese power company Electricidade dos Açores S.A. (EDA) to support its 2011-2016 investment programme.
Middle East & Africa
May 5, 2013
The Kuwait Fund for Arab Economic Development, on behalf of the Kuwaiti government, has provided a loan worth JOD106 million to Jordan.
April 30, 2013
The Liberian government has received a USD35 million loan from the World Bank to expand its power network.
April 26, 2013
China Electric Power Equipment and Technology Company Limited (CET), a subsidiary of China’s largest transmission system operator (TSO) State Grid Corporation of China (SGCC) has signed a USD1 billion loan agreement with the Ethiopia’s state-owned vertically integrated power utility Ethiopian Electric Power Corporation (EEPCo) for the construction of the Grand Ethiopian Renaissance Dam (GERD) power transmission line project.
April 10, 2013
The Kuwait Fund for Arab Economic Development (KFAED), on behalf of the Kuwaiti government, has signed an agreement with the government of the Kingdom of Bahrain to provide a grant worth USD250 million for a 400 kV transmission development project in Bahrain.