Reports on major debt, equity and M&A deals
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
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.
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.
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.
February 20, 2017
The Banco Nacional de Desenvolvimento EconĂ´mico 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 ParĂˇ.
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 ElĂ©ctrica del Sur, S.A. (Redesur) from an infrastructure investment fund managed by AC Capitales.
January 23, 2017
Paraguay has received USD400 million from Mercado ComĂşn 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 YacyretĂˇ-Ayolas-Villa Hayes Line Project.
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.
March 29, 2017
The Asian Development Bank (ADB) has approved USD175 million loans to Indiaâ€™s grid developer Power Grid Corporation of India Limited (POWERGRID) to implement the Solar Transmission Sector Project which will to help India diversify its power mix by increasing its supply of clean energy, particularly solar, to achieve energy security.
March 20, 2017
Indian central government-owned Power Finance Corporation (PFC) has executed a loan agreement worth INR91.28 billion with state-owned utilities Tamil Nadu Generation and Distribution Company (TANGEDCO) and Tamil Nadu Transmission Corporation (TANTRANSCO).
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.
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.
April 17, 2017
Germanyâ€™s KfW Development Bank has extended a concession credit worth EUR125 million to Georgiaâ€™s Joint Stock Company (JSC) Georgian State Electrosystem (GSE) for power network expansion and modernisation in Georgia. The loan agreement between the two parties was signed on April 13, 2017.
April 3, 2017
The European Investment Bank (EIB) has announced a loan worth EUR350 million for the Â±525 kV high voltage direct current (HVDC) NordLink, first interconnection between Germany and Norway across the North Sea.
March 27, 2017
The European Union (EU) has approved the acquisition of 49.9 per cent stake in French power transmission company RĂ©seau de Transport d'Ă‰lectricitĂ© (RTE), by Caisse des DĂ©pĂ´ts et Consignations (CDC), a local public sector financial institution.
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 Irelandâ€™s and French transmission system operators (TSOs) EirGrid and RĂ©seau de Transport dâ€™Ă‰lectricitĂ© (RTE), respectively.
Middle East & Africa
April 4, 2017
The African Development Bank (AfDB) has extended a loan worth USD35 million for the implementation of the 330 kV Zimbabweâ€“Zambiaâ€“Botswanaâ€“Namibia (ZiZaBoNa) project, aimed at connecting the power grids of the four countries. The funding has been injected at a time when the project is expected to reach financial closure in 2018.
March 20, 2017
South African Eskom Holdings SOC Limited (Eskom) and Agence FranĂ§aise de DĂ©veloppement (AFD) have signed a framework contract worth ZAR6 billion to support Eskomâ€™s investments in the extension and strengthening of its electricity transmission network.
March 16, 2017
Liberiaâ€™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.
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.