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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


California Energy Commission awards USD1.2 million for energy storage solution 

October 13, 2020
The California Energy Commission (CEC) has recently awarded USD1.2 million to Indian Energy LLC—a utility-scale and microgrid development and systems integration firm—to demonstrate a non-lithium, long-duration, ion energy storage solution.

Washington DC-based Stantec completes acquisition of Teshmont [free access]

October 5, 2020
The Washington DC-based global engineering and design firm, Stantec, recently announced the acquisition of Teshmont—a Canadian-based electrical engineering consulting company, specialising in high voltage (HV) power transmission and distribution engineering.

NextEra Energy Transmission announces acquisition of GridLiance [free access]

September 30, 2020
NextEra Energy Transmission (NEET), LLC—a subsidiary of NextEra Energy Inc., has recently announced that it has entered into definitive agreements with affiliates of Blackstone Energy Partners to acquire GridLiance Holdco, LP and GridLiance GP, LLC (together, GridLiance) for approximately USD660 million, including the assumption of debt.

NYPA, Siemens partner on new cybersecurity centre for utilities 

August 3, 2020
The New York Power Authority (NYPA) and the German multinational conglomerate, Siemens Energy, have announced a new partnership to develop a Center of Excellence on industrial cybersecurity.



Latin America


USA’s I Squared Capital sells Peruvian transmission line business Orazul to ISA Peru 

September 9, 2020
US-based I Squared Capital has sold its Peruvian transmission line company Orazul Energy Group at USD158.5 million to Colombian state-owned transmission company Interconexión Eléctrica S.A. E.S.P’s (ISA) Peruvian subsidiary — ISA Peru.

Engie Brasil Energia, BNDES sign USD487 million deal for Novo Estado transmission lines 

June 16, 2020
Brazilian utility Engie Brasil Energia SA has signed a financing agreement worth USD487 million with the Brazilian state-owned Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Bank for Economic and Social Development, for the development of the Novo Estado transmission line project.

IaDB loans USD280 million to Ecuador for transformation of energy grid 

June 8, 2020
The Inter-American Development Bank (IaDB) has approved a loan worth USD280 million to Ecuador, which will used for the transformation of the country’s energy grid, improvements in energy efficiency, and promotion of access to electricity generated from renewable sources.

Indian Sterlite completes sale of two transmission assets in Brazil [free access]

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



Asia Pacific


KPTL and Techno complete 100 per cent stake sale in JKTPL 

October 5, 2020
India-based engineering, construction and procurement (EPC) company, Kalpataru Power Transmission Limited (KPTL), and Techno Electric and Engineering Company Limited have completed the sale of 100 per cent equity stakes in Jhajjar KT Transco Private Limited (JKTPL), to India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid).

ADB approves USD200 million loan to improve power sector in Uzbekistan 

September 30, 2020
The Asian Development Bank (ADB) has approved a USD200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability. As a first of its kind in Uzbekistan's energy sector, this policy-based loan will be critical to support complex reforms and deepen private investment in the sector.

India’s KPTL completes sale of 74 per cent stake in JKTPL 

September 29, 2020
India-based engineering, construction and procurement (EPC) company, Kalpataru Power Transmission Limited (KPTL), and its joint venture (JV) partner Techno Electric and Engineering Company Limited, have completed the sale of 74 per cent equity stake in Jhajjar KT Transco Private Limited (JKTPL) to India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid).

ADB approves USD128 million loan for power grid expansion in Cambodia 

September 11, 2020
The Asian Development Bank (ADB) has approved a USD127.8 million loan to facilitate the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply.



Europe


EU announces EUR998 million funding for energy projects under CEF 

October 6, 2020
The European Union (EU) has announced EUR998 million funding for key European energy infrastructure projects under the Connecting Europe Facility (CEF). The move will provide financial aid for works and studies for ten projects.

Siemens and SAP join forces to accelerate industrial transformation [free access]

August 1, 2020
The German multinational conglomerate, Siemens Energy, and the German software services company, Systems, Applications and Products (SAP), have announced a strategic partnership to deliver integrated, end-to-end, software solutions across product lifecycle, supply chain and asset management.

EBRD and Georgia inks EUR90 million agreement to develop new infrastructure 

July 30, 2020
The European Bank for Reconstruction and Development (EBRD) and Ministry of Finance of Georgia have signed an agreement for EUR90 million to finance the construction of 150-km-long new transmission network and substations in the country.

Ariadne and Eurobank ink EUR400 million loan for Crete–Attica link [free access]

July 2, 2020
The Greek Independent Power Transmission Operator (IPTO) Anexartitos Diacheiristis MetaforasIlektrikis Energeias’ (ADMIE) subsidiary—Ariadne Interconnection, and Eurobank have inked a loan agreement up to EUR400 million to finance the Crete–Attica high voltage direct current (HVDC) interconnector project in Greece.



Middle East & Africa


Saudi SEC signs syndicated financing agreement with seven local banks 

September 1, 2020
As per news reports, the Saudi Electricity Company (SEC) has signed a seven-year unsecured syndicated borrowing agreement worth SAR9 billion with seven major Saudi banks, namely National Commercial Bank, Bank Albilad, Al-Rajhi Bank, Riyad Bank, Samba Financial Group, Banque Saudi Fransi and the Saudi British Bank.

Jordan, Saudi Arabian Energy Ministries sign MoU for connecting grid networks 

August 18, 2020
Jordan’s Ministry of Energy and Mineral Resources and Saudi Arabia’s Ministry of Energy have signed a memorandum of understanding (MoU) on the framework for connecting the power grids of both the countries, via 164-km-long line passing from Qurayyat (Saudi Arabia) to East Amman (Jordan).

Gambian GERMP receives USD43 million grant from IDA 

July 8, 2020
Recently, the Gambian government has received financial support worth USD43 million, in the form of a grant from the International Development Association (IDA), for the implementation of the Gambia Electricity Restoration and Modernisation Project (GERMP).

UAE’s TAQA completes AED200 billion asset swap deal with ADPower 

July 2, 2020
Abu Dhabi Power Corporation (ADPower), a subsidiary of government-owned Abu Dhabi Development Holding Company PJSC, has completed the transfer of majority of its power generation, transmission and distribution (T&D) assets to one of its subsidiaries — Abu Dhabi National Energy Company (TAQA), in exchange for 98.60% of share capital.