Subscriber Login

Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


NMPRC approves PNM’s acquisition of Western Spirit transmission project 

October 10, 2019
New Mexico Public Regulation Commission (NMPRC) has approved the acquisition of Western Spirit transmission project from Renewable Energy Transmission Authority of New Mexico (RETA) and San Francisco-based Pattern Energy Group 2 LP (doing business as Pattern Development), by Public Service Company of New Mexico (PNM) – the wholly-owned subsidiary of PNM Resources.

Indigenous communities agree to acquire 40 per cent shares of APL in Canada 

September 25, 2019
Seven indigenous communities have agreed to acquire a combined 40 per cent equity ownership in Alberta PowerLine LP (APL) for undisclosed financial terms.

Canadian government announces CAD6.8 million for transmission project in Labrador 

August 20, 2019
Canadian federal government has announced CAD6.8 million funding for a transmission line proposed by Nalcor Energy (owned by Government of Newfoundland and Labrador) to connect its Menihek hydro station with Tata Steel Minerals Canada's processing facility near the border of Newfoundland, Labrador and Quebec, where iron ore is mined.

US-based G&W Electric acquires Italian Altea 

August 14, 2019
Illinois-based electric power equipment supplier, G&W Electric, has acquired Italian voltage and current sensor manufacturer, Altea S.R.L., to expand its reach in electrical power grid automation.



Latin America


Brazilian BNDES allots BRL1.76 billion loan for 525 kV project in Rio Grande do Sul 

October 10, 2019
Brazilian state-owned Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development has granted a loan of BRL1.76 billion to Chimarrao Transmissora de Energia, a special purpose vehicle (SPE) formed by Cymi Construções e Participações—a member of the Spanish group ACS, and the equity investment fund Brasil Energia—a member of the Canadian group Brookfield, to connect wind projects in the country's south to the grid.

Honduran ENEE to get USD155 million loan from IaDB for network expansion 

September 19, 2019
Reportedly, the Honduras government has approved an Inter-American Development Bank (IaDB) loan of USD155 million to finance power transmission projects that will be carried out by the state-controlled energy firm, Empresa Nacional de Energía Eléctrica (ENEE).

TAESA acquires 11.6 per cent share of BRASNORTE in Brazil [free access]

August 15, 2019
Brazilian electric power transmission company, Transmissora Alianca de Energia Eletrica SA (TAESA), has acquired 11.6 per cent share of Brasnorte Transmissora de Energia S.A. (BRASNORTE) from Bipar Energia SA.

Argo Energia receives BRL152 million loan from BNDES for transmission project 

July 29, 2019
Reportedly, Argo Energia, controlled by Pátria Investimentos, has obtained a loan of BRL152.18 million from Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development, to implement an electricity transmission project.



Asia Pacific


Indian IndiGrid acquires transmissions assets worth INR50 billion 

July 8, 2019
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid), owned by Sterlite Power Transmission Limited (SPTL), has completed the acquisition of two power transmission assets — Northern Region System Strengthening Scheme (NRSS)-XXIX Transmission Limited (NTL) and Odisha Generation Phase II Transmission Limited (OGPTL), valued at INR50.25 billion.

World Bank grants USD300 million loan to develop RE with battery storage in China 

June 11, 2019
The World Bank has approved a USD300 million loan for the China Renewable Energy and Battery Storage Promotion Project, which aims to augment the integration and use of renewable energy (RE) through the deployment of battery storage systems at scale.

IDA loans USD65 million for Pakistan’s component of CASA 1000 

June 4, 2019
The International Development Association (IDA), the concessional financing arm of the World Bank, has approved a loan of USD65 million for the additional financing required to complete Pakistan’s infrastructure component of the Central Asia-South Asia Electricity Transmission and Trade Project (CASA) 1000.

US’KKR and Singapore’s GIC acquire stake in Indian InvIT [free access]

April 30, 2019
US-based investment private equity giant KKR and Singapore’s sovereign wealth fund GIC Private Limited have acquired a combined stake of 42 per cent in India’s leading infrastructure investment trust (InvIT) India Grid Trust (IndiGrid) owned by Sterlite Power Transmission Limited.



Europe


Romania's Transelectrica receives EUR33 million funding for 400 kV line 

October 3, 2019
The Romanian national power grid operator, Transelectrica SA, has signed a EUR33.43 million financing contract for the construction of the 400 kV Gutinaș–Smârdan double-circuit overhead line (OHL).

EC approves EUR530 million funding for Ireland–France link 

October 2, 2019
The European Commission (EC) has given its green light for EUR530 million funding for the 700 MW Celtic Interconnector project between Ireland and France.

EU provides EUR40 million for Moldova Romania Power Interconnection project 

September 26, 2019
The European Union (EU) will provide a EUR40 million investment grant for the Moldova Romania Power Interconnection project.

EU to invest EUR46 million for modernising Czech Republic’s power system 

September 17, 2019
The European Union (EU) will invest more than EUR46 million from the European Regional Development Fund for the modernisation and extension of the 400/110 kV Kočín substation (southern Bohemia) in Czech Republic.



Middle East & Africa


IDA approves USD57 million financing for Mozambique–Malawi link [free access]

September 17, 2019
Recently, the International Development Association (IDA), the concessional financing arm of the World Bank, has approved financial support worth USD57 million for the Mozambique–Malawi Transmission Interconnection Project.

German KfW to extend financial support for Mozambique–Malawi interconnection 

August 19, 2019
The German KfW Entwicklungsbank (KfW Development Bank) will extend financial support for the implementation of Mozambique’s component of the Mozambique–Malawi Transmission Interconnection Project.

IsDB approves USD100 million loan for Mozambique’s Temane Transmission Project 

July 11, 2019
The Islamic Development Bank (IsDB) has approved a soft loan of USD99.7 million for funding Mozambique’s Temane Transmission Project (TTP).

IDA approves USD420 million support for Mozambique’s TTP 

June 20, 2019
The International Development Association (IDA), the concessional financing arm of the World Bank, has approved a USD420 million grant and guarantee, for the implementation of Mozambique’s Temane Regional Electricity Project or the Temane Transmission Project (TTP).