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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

Kansas-based Koch Industries acquires Sentient Energy 

March 26, 2020
Koch Engineered Solutions (KES), a unit of Kansas-based Koch Industries Inc., has acquired California-based Sentient Energy, a company providing distribution grid transformation, intelligent line sensors and grid analytics software for fault detection, outage prevention, and safe, reliable power delivery.

GridLiance Holdco closes transmission acquisition deal with EEI [free access]

March 4, 2020
GridLiance Holdco, through its GridLiance Heartland LLC subsidiary, has closed the acquisition of six transmission lines from Vistra Energy’s subsidiary, Electric Energy Inc. (EEI).

Michigan Electric Transmission Company receives loan of USD75 million 

January 27, 2020
Reportedly, Michigan Electric Transmission Company, LLC (METC), a subsidiary of ITC Holdings, has entered into an unsecured term loan credit agreement for USD75 million with various lenders on January 23, 2020.

CAISO awards Gates 500 kV Dynamic Reactive Power Support Project to LS Power 

January 22, 2020
LS Power Grid California, LLC has been selected by the California Independent System Operator (CAISO) as the developer of the Gates 500 kV Dynamic Reactive Power Support Project.

Latin America

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.

Brazilian TAESA acquires two SPEs from Amber Energia 

March 16, 2020
Brazil electric power transmission company, Transmissora Alianca de Energia Eletrica SA (TAESA), has completed the purchase of two transmission special purpose entities (SPEs) of Brazilian J&F Investimentos SA’s energy arm, Amber Energia.

Asia Pacific

IndiGrid to acquire Jhajjar KT Transco for INR3.1 billion 

June 2, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has executed a share purchase agreement for the acquisition of the Indian transmission company, Jhajjar KT Transco Private Limited (JKTPL).

Eurasian Development Bank acquires bonds of Kazakhstan’s KEGOC 

May 28, 2020
The Eurasian Development Bank has acquired bonds worth more than KZT8 billion of Kazakhstan’s grid developer, JSC Kazakhstan Electricity Grid Management Company (KEGOC).

IndiGrid acquires transmission asset worth USD134 million in India 

March 24, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has announced the acquisition of East North Interconnection Company Limited (ENICL), at a cost USD134 million from SPTL.

AIIB to provide USD200 million loan to Bangladesh for power supply expansion 

March 4, 2020
The Asian Infrastructure Investment Bank (AIIB) has agreed to provide a loan of USD200 million to Bangladesh for expansion of its power supply network, in the capital city of Dhaka and the country’s western zone.


UK National Grid’s Viking link secures USD743 million green loan 

June 16, 2020
The UK’s transmission system operator (TSO), National Grid, has secured a USD743 million green loan, supported by several export credit agencies (ECAs), to help fund the EUR2 billion Viking Link project—a high voltage direct current (HVDC) link between the UK and Denmark.

Nexans secures EUR280 million loan backed by French government 

June 15, 2020
French cable supplier Nexans has secured a French State backed EUR280 million term loan facility, issued by a pool of French banks.

UK Walney Extension, owned by Ørsted, signs deal for sale of transmission assets 

June 3, 2020
Walney Extension Limited, which owns the 659 MW Walney Extension wind farm in the Irish Sea, has signed an agreement for the sale of its transmission assets to UK-based Diamond Transmission Partners Walney Extension (Holdings) Limited.

EIB and TenneT inks EUR250 million loan agreement for offshore grid expansion 

March 9, 2020
The Dutch power transmission system operator (TSO) TenneT and the European Investment Bank (EIB) have inked a EUR250 million loan agreement for the western section of the Zuid-West 380 kV project.

Middle East & Africa

IDA provides USD385 million support for 225 kV Cameroon–Chad link 

June 16, 2020
The World Bank’s International Development Association (IDA) has provided financial support worth USD385 million for the implementation of the 225 kV Cameroon–Chad Interconnector Project (CCIP), which aims to increase access to electricity and enable power trade between Cameroon and Chad.

Madagascar receives EUR4 million support from AfDB for 205 MW Sahofika HPP 

May 26, 2020
The African Development Fund (AfDB) has approved a EUR4.02 million loan for financing Madagascar’s EUR30 million, 205 MW Sahofika hydropower project (HPP), which entails construction of the HPP on a Build-Own-Operate-Transfer (BOOT) basis and a 75 km, 220 kV associated transmission line, with 110 km of access roads.

NELSAP receives financial support from AfDB for DRC–Uganda interconnection 

May 19, 2020
The African Development Bank (AfDB) will provide financial support to the Nile Equatorial Lakes Subsidiary Action Programme (NELSAP) for updating the feasibility study of the Democratic Republic of Congo (DRC)–Uganda interconnection, which is part of the NEL Interconnection Project.

Jordan’s NEPCO to receive USD100 million emergency loan from EBRD 

May 5, 2020
Jordan’s state-owned National Electric Power Company (NEPCO) will receive financial aid worth USD100 million in the form of an emergency loan from the European Bank for Reconstruction and Development (EBRD).