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Deal Watch

Reports on major debt, equity and M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


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.

Prince Edward Island gets CAD44 million funding to evacuate wind energy 

July 24, 2020
The Government of Canada and Prince Edward Island have announced CAD44 million funding for a new 106-km transmission line (and related equipment) to support future wind energy generation projects on the western side of the island.

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).



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


ADB approves USD128 million loan to facilitate 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.

Chinese, Lao firms sign shareholders' pact for grid joint venture 

September 3, 2020
Lao People's Democratic Republic's (PDR) state-owned power company, Electricite du Laos (EDL), and Chinese grid developer, China Southern Power Grid (CSG), have signed the Shareholders' Agreement of Electricite du Laos Transmission Company Limited (EDLT) recently in the Lao capital Vientiane, for jointly establishing the EDLT.

IndiGrid expands asset base with GPTL acquisition 

September 1, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid), has completed the acquisition of Gurgaon─Palwal Transmission Limited (GPTL) from Sterlite Power Transmission Limited (SPTL), following the approval of the initial request in April 2020. The acquisition has an enterprise value of INR10.8 billion.

L&T completes divestment of electrical and automation business to Schneider Electric 

September 1, 2020
Indian engineering, procurement and construction (EPC) major, Larsen & Toubro (L&T), recently announced the complete divestment of its electrical and automation (E&A) business to French Schneider Electric (SE), a global player in energy management and automation.



Europe


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.

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.



Middle East & Africa


Saudi SEC signs SAR9 billion worth 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.