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Energy Finance & Investment News in Asia

ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

🕔Apr 18, 2018

ACWA Power has announced that ICBC is acting as the mandated lead arranger for a US$1.5 billion senior loan for the fourth phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. Financial close is expected shortly.

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IPPToday #194: 1,200 MW coal-fired power project in Vietnam to receive almost US$2 billion from lenders

IPPToday #194: 1,200 MW coal-fired power project in Vietnam to receive almost US$2 billion from lenders

🕔Apr 17, 2018

Korea Electric Power and Marubeni Corporation have secured approximately US$1.87 billion from a consortium of lenders to finance the Nghi Son 2 coal-fired power generation project in Vietnam. This follows the commercial close of the project, which was achieved in December.

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Lebanon launches RFEOI for 300 MW solar and storage projects

Lebanon launches RFEOI for 300 MW solar and storage projects

🕔Apr 16, 2018

Lebanon’s Center for Energy Conservation (LCEC) has issued a Request for Expresions of Interest (RFEOI) for the design, development, financing, construction and operation of photovoltaic parks with between 210 MWp and 300 MWp capacity and battery storage, at various locations throughout Lebanon as selected by the developers.

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IPPToday #193: Solar surge slows in India with re-launching of tenders

IPPToday #193: Solar surge slows in India with re-launching of tenders

🕔Apr 16, 2018

In the past week, state government agencies of both Karnataka and Maharashtra, located in the south-west and west of India respectively, have re-launched solar tenders due to poor initial responses.

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IPPToday #192: RFQ for unprecedented 1,200 MW coal project in Oman

IPPToday #192: RFQ for unprecedented 1,200 MW coal project in Oman

🕔Apr 13, 2018

The Oman Power and Water Procurement Company (OPWP) has issued a Request for Qualification (RFQ) for a clean coal-fired independent power project (IPP) with a capacity of 1,200 MW and located at Duqm, around 530km south of the capital, Muscat. This is the first IPP based on clean coal technology to be developed in the country.

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Engie wins 200 MW wind project in Tamil Nadu

Engie wins 200 MW wind project in Tamil Nadu

🕔Apr 12, 2018

ENGIE has announced that it has won a 25-year power purchase agreement (PPA) for a 200 MW wind project in Tamil Nadu, a state in the south of India.

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IPPToday #191: India issues RFEOI for first commercial offshore wind farm with 1 GW capacity

IPPToday #191: India issues RFEOI for first commercial offshore wind farm with 1 GW capacity

🕔Apr 12, 2018

The National Institute of Wind Energy (NIWE), part of the Ministry of New and Renewable Energy of the Government of India, has issued a Request for Expressions of Interest for the country's first commercial offshore wind farm, to be located off the coast of Gujarat in the west, and have a generation capacity of 1 GW.

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JAG raises financing for 16.6 MW PV project in Tochigi

JAG raises financing for 16.6 MW PV project in Tochigi

🕔Apr 9, 2018

NEC Capital Solutions Ltd is providing a syndicated loan of JPY2.8 billion (US$26.4 million) to Japan Asia Group Ltd (JAG) for the construction of a 16.6 MW solar power plant in Sano city, Tochigi prefecture.

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Fotowatio wins Armenia's first solar project

Fotowatio wins Armenia's first solar project

🕔Apr 9, 2018

The Ministry of Energy Infrastructure and Natural Resources​ of the Government of Armenia has announced that Fotowatio Renewable Ventures (FRV) has been selected as the winning bidder in a tender for the construction of a 55 MW solar park in the Gegharkunik province of the country.

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IPPToday #188: US$1 billion hydropower project in Laos reaches financial close

IPPToday #188: US$1 billion hydropower project in Laos reaches financial close

🕔Apr 9, 2018

The US$1 billion Nam Theun 1 hydroelectric power project has reached financial close. The project is being developed by Phonesack Group. Co. Ltd. and Electricity Generating Public Company Limited (EGCO) and involves the construction of a 670 MW hydroelectric plant on the Nam Kading River, about 33 km upstream from its confluence with the Mekong River in the Borikhamxai province of Laos.

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JBIC finances geothermal project in Indonesia

JBIC finances geothermal project in Indonesia

🕔Apr 6, 2018

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with PT Supreme Energy Rantau Dedap (SERD) for project finance amounting up to approximately US$188 million for the Rantau Dedap Geothermal Power Project in Indonesia. SERD is an Indonesian company partially owned by Marubeni Corporation and Tohoku Electric Power Co., Ltd.

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IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

🕔Apr 6, 2018

The Government of Vietnam has appointed the EDF Group as leader of the international consortium in charge the Son My 1 project, located in the Quang Ngai province of Vietnam. The project involves the construction of a 2000 MW gas-fired power plant, which uses combined cycle gas turbine technology.

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Tender launched for 200 MW solar projects in Odisha

Tender launched for 200 MW solar projects in Odisha

🕔Apr 5, 2018

The Government of Odisha, through its renewable energy promotion agency GRIDCO, has issued a Request for Selection (RfS) for the development of 200 MW grid-connected solar photovoltaic power projects to be set up in Odisha, a state in the east of India. Responses are invited until 29 April 2018.

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MIRA announces close of Macquarie Asia Infrastructure Fund 2

MIRA announces close of Macquarie Asia Infrastructure Fund 2

🕔Apr 4, 2018

Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, has announced the close of its second Asian regional infrastructure fund at its hard cap of $US3.3 billion in investor commitments.

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IPPToday #184: MoU signed for development of 200 GW solar power in Saudi Arabia by 2030

IPPToday #184: MoU signed for development of 200 GW solar power in Saudi Arabia by 2030

🕔Apr 3, 2018

The Public Investment Fund of Saudi Arabia (PIF) has signed a non-binding Memorandum of Understanding (MoU) with SoftBank's Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, which envisions the development of between 150 GW and 200 GW solar power generation capacity in Saudi Arabia by 2030.

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ADB provides US$260 million for transmission program in Pakistan

ADB provides US$260 million for transmission program in Pakistan

🕔Mar 27, 2018

The Asian Development Bank (ADB) and the Government of Pakistan have signed a US$260 million loan agreement to improve Pakistan’s power transmission network.

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IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

🕔Mar 27, 2018

GCM Resources, a London-based resource exploration and development company, has announced that it has agreed a Contract Framework Agreement with China Gezhouba Group International Engineering Co. (CGGC) which awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant which is part of GCM's Phulbari Coal and Power Project in north-west Bangladesh.

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Suzlon wins 500 MW wind projects in India

Suzlon wins 500 MW wind projects in India

🕔Mar 26, 2018

Suzlon Group, India’s largest renewable energy solutions provider, announced that it has won two wind power projects of 300 MW and 200 MW respective capacity in a tender conducted by the Solar Energy Corporation of India (SECI). The projects will be located in the Kutch district of Gujarat, a state in the west of India.

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250 MW solar project in India reaches US$145 million financial close

250 MW solar project in India reaches US$145 million financial close

🕔Mar 22, 2018

Mahindra Renewables Pvt. Ltd., a wholly owned subsidiary of Mahindra Susten Pvt. Ltd., has achieved financial close of its 250 MW solar power project, to be located in the Rewa district of Madhya Pradesh. The company has received project debt amounting to INR7.5 billion (US$114.8 million) from YES BANK Ltd and up to INR2 billion (US$30.6 million) from other financial institutions.

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IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

🕔Mar 22, 2018

IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have announced the successful launch of the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO).

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