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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


FortisOntario acquires RES shares in Wataynikaneyap Transmission Project 

March 11, 2017
Wataynikaneyap Power has announced that FortisOntario Incorporated (FortisOntario), through its parent company Fortis Incorporated, has completed a transaction to acquire shares of Renewable Energy Systems Canada Inc. (RES) in Wataynikaneyap Transmission Project

US Bankruptcy Court confirms bankruptcy-exit plan of EFH 

February 17, 2017
US Bankruptcy Court has confirmed the bankruptcy-exit plan of Oncor owner Energy Future Holdings (EFH). This has taken the Oncor acquisition plan of NextEra Energy Incorporated one more step closer to completion.

US's FERC approves NextEra's acquisition of Oncor 

January 12, 2017
The US's Federal Energy Regulatory Commission (FERC) has approved the acquisition of Oncor Electric Delivery Company—a subsidiary of Energy Future Holdings (EFH), by NextEra Energy Inc.

Eversource Energy acquires 115 kV line from Belmont Light 

December 27, 2016
Eversource Energy, a power transmission and distribution company, has acquired the ownership of a newly constructed 115 kV transmission line from Belmont Light, an electric utility based in Massachusetts, USA. With this, the utility has completed the development phase of Belmont's Blair Pond 115 kV substation and transmission line.



Latin America


Brazilian BNDES approves BRL2.56 billion funds for first transmission line of Belo Monte project 

February 20, 2017
The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) or the National Development Bank of Brazil has approved long-term financing of about BRL2.56 billion for the construction of the first transmission line project associated with the Belo Monte hydro power project (HPP), in the State of Pará.

Spanish REE acquires Peruvian grid developer Redesur [free access]

January 25, 2017
Spanish power grid operator Red Electrica de Espana (REE) has acquired a 45 per cent share of the Peruvian electricity transmission network developer Red Eléctrica del Sur, S.A. (Redesur) from an infrastructure investment fund managed by AC Capitales.

Paraguay receives funds for Yacyretá-Ayolas-Villa Hayes Project 

January 23, 2017
Paraguay has received USD400 million from Mercado Común del Sur's (MERCOSUR) structural convergence fund Fondo para la Convergencia Estructural del (MERCOSUR-FOCEM), a USD100 million loan from the World Bank, and a EUR75 million loan from the European Investment Bank, for the construction of Yacyretá-Ayolas-Villa Hayes Line Project.

Paraguay's ANDE signs loans worth USD150 million for T&D works 

January 23, 2017
Paraguay's electricity company Administracion Nacional de Electricidad (ANDE) has signed a loan agreement worth USD150 million with CorporaciĂłn Andina de Fomento (CAF) or the Latin American Development Bank to carry out transmission and distribution (T&D) works in Asuncion and its surrounding areas.



Asia Pacific


China’s Liaoning and Pakistan’s EMCO sign MoU to manufacture transmission equipment 

March 16, 2017
Liaoning Hualong Group of China and EMCO Industries Limited of Pakistan have signed a memorandum of understanding (MoU) to form a joint venture to manufacture high voltage engineering and electrical products to facilitate transmission of electricity in Pakistan.

KEPCO and GE sign MoU for HVDC infrastructure in South Korea 

March 16, 2017
South Korean power utility Korea Electric Power Corporation (KEPCO) and General Electric (GE) have signed a memorandum of understanding (MoU) to establish infrastructure for high voltage direct current (HVDC) in Bitgaram Energy Valley in Naju city in South Korea.

India and ADB sign loan agreement for 800 kV HVDC project in India 

February 23, 2017
India and Asian Development Bank (ADB) have signed a USD500 million loan agreement for the execution of the ±800 kV Raigarh–Pugalur high voltage direct current (HVDC) transmission line project.

India's REC signs INR69 billion loan agreement with state utilities 

January 31, 2017
Indian central government-owned Rural Electrification Corporation (REC) has signed a loan agreement worth INR68.9 billion with state-owned utilities Tamil Nadu Generation and Distribution Company (TANGEDCO) and Tamil Nadu Transmission Corporation (TANTRANSCO).



Europe


EU allocates EUR4 million for Celtic interconnector under CEF [free access]

February 23, 2017
pean Union (EU) has allocated EUR4 million from the Connecting Europe Facility (CEF) to the Celtic Interconnector project between Ireland and France, proposed by Ireland’s and French transmission system operators (TSOs) EirGrid and Réseau de Transport d’Électricité (RTE), respectively.

German KfW bank grants EUR1.2 million for Georgia's Grid Enhancement Project 

December 26, 2016
German KfW Development Bank has awarded a grant of EUR1.2 million to Georgia's Joint Stock Company (JSC) Georgian State Electrosystem (GSE) for the Power Grid Enhancement Project, which aims at strengthening the transmission infrastructure in Georgia.

French utility EDF to sell 49.9 per cent stake in transmission company RTE 

December 16, 2016
France's state-controlled utility Electricite de France (EDF) has signed a binding agreement with state-owned bank Caisse des Depots and its unit CNP Assurances to sell half its stake (49.9 per cent) in French power transmission company Réseau de Transport d'Électricité (RTE).

Italy's Prysmian group wins EUR42 million auction of HV assets in China 

December 7, 2016
Italian equipment manufacturer Prysmian Group has won a bankruptcy auction worth EUR42 million for certain assets of a high voltage (HV) cable factory in China, operated by Shen Huan Cable Technologies.



Middle East & Africa


Liberia’s energy ministry receives USD42 million loan and grants for energy efficiency project 

March 16, 2017
Liberia’s energy ministry has received a USD42.48 million combined loan and grant to facilitate the implementation of Liberia Energy Efficiency and Access Project (LEAP) which aims to increase the population's access to electricity from the current 2 per cent to 6 per cent by 2020, and to strengthen the electricity sector.

NEPAD-IPPF approves grants to DRC, Mozambique and Zambia for interconnector projects 

March 7, 2017
The NEPAD-Infrastructure Project Preparation Facility (IPPF) has approved USD3.88 million grants to the governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional interconnection projects preparation works.

EC grants EUR65 million for Zambia's grid rehabilitation project 

January 30, 2017
Zambia and the European Commission (EC) have signed a financing agreement worth EUR65 million for Zambia's Lusaka Transmission and Distribution Rehabilitation Project.

Saudi SEC's subsidiary signs MoU with Pfisterer for transmission sector development 

December 28, 2016
National Electricity Transmission Company, a subsidiary of Saudi Arabia's state-owned power utility Saudi Electricity Company (SEC), has signed a memorandum of understanding (MoU) with Swiss-based Pfisterer to develop Saudi Arabia's transmission sector.