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Transmission News

IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

🕔Oct 10, 2018

The UK government's Office of Gas and Electricity Markets (Ofgem) has launched the sixth round of the offshore transmission owner regime, which uses competitive tendering to license offshore electricity transmission. The tender covers links to three offshore wind farms with an estimated total value of GBP2 billion (US$2.62 billion).

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IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

🕔Aug 30, 2018

Elia System Operator, a transmission system operator (TSO) in Belgium, has announced the successful launch of a EUR300 million (US$350.6 million) 10-year senior bond and EUR700 million (US$818.1 million) perpetual hybrid bond to finance the acquisition of a 20% stake in Eurogrid International SCRL.

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IPPToday #253: US state governments approve PacifiCorp's US$3 billion wind-transmission project

IPPToday #253: US state governments approve PacifiCorp's US$3 billion wind-transmission project

🕔Jul 25, 2018

PacifiCorp, a subsidiary of Berkshire Hathaway Energy, has secured the final state government approval required to proceed with Energy Vision 2020, an initiative focussed on wind and transmission assets in the northwestern United States, which the company estimates will require US$3 billion investment.

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Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo

🕔Jun 6, 2018

Enel has announced that its subsidiary Enel Brasil Investimentos Sudeste, S.A. has received confirmation of the successful completion of its voluntary offer for the purchase of the entire share capital of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., marking its success in the bidding war for the acquisition, which lasted over six weeks.

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IPPToday #217: TenneT issues US$1.5 billion green bonds to support European transmission projects

IPPToday #217: TenneT issues US$1.5 billion green bonds to support European transmission projects

🕔May 23, 2018

TenneT Holding B.V., a European electricity transmission system operator (TSO), has announced the successful launch and pricing of a green bond issue of EUR1.25 billion (US$1.47 billion). The proceeds will support a portfolio of offshore and onshore transmission projects in the Netherlands and Germany.

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Brazil to auction transmission projects spanning 2,600km

Brazil to auction transmission projects spanning 2,600km

🕔May 18, 2018

The Brazilian government has announced that the National Electricity Energy Agency (ANEEL) will auction concessions for the construction, operation and maintenance of approximately 2,600 km of transmission lines on 28 June 2018.

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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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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).

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Brookfield Infrastructure sells stake in largest transmission business in Chile for US$1.3 billion

Brookfield Infrastructure sells stake in largest transmission business in Chile for US$1.3 billion

🕔Mar 21, 2018

Brookfield Infrastructure has announced that it has completed the sale of its approximate 27.8% interest in ETC Transmission Holdings, S.L. to China Southern Power Grid International (HK) Co., Ltd. for US$1.3 billion.

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Agreement signed for 4000 MW Turkmenistan-Afghanistan-Pakistan transmission project

Agreement signed for 4000 MW Turkmenistan-Afghanistan-Pakistan transmission project

🕔Mar 7, 2018

The Minister of Energy of Turkmenistan, the Minister of Foreign Affairs of Afghanistan and the Minister of State for Petroleum of Pakistan have signed framework agreement for the proposed Turkmenistan-Afghanistan-Pakistan (TAP) Power Interconnection Project.

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IPPToday #166: Avangrid selected as alternative winner in Massachusetts clean energy procurement process

IPPToday #166: Avangrid selected as alternative winner in Massachusetts clean energy procurement process

🕔Mar 2, 2018

AVANGRID, Inc., a diversified energy company, and its subsidiary Central Maine Power Company (CMP) have confirmed that the New England Clean Energy Connect (NECEC) transmission project has been selected by the Massachusetts electric utilities and the Massachusetts Department of Energy Resources as the alternative winner in the Commonwealth’s 83D clean energy Request for Proposal (RFP).

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IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

🕔Feb 27, 2018

A consortium comprising Meridiam, Allianz Capital Partners, on behalf of Allianz Group, and Kansai Electric Power have announced that they will fund NeuConnect Britain Ltd, a newly set up operating company, which will build the first direct power link between Germany and the UK.

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IPPToday #159: Mexico announces bidding process for 3000 MW transmission project

IPPToday #159: Mexico announces bidding process for 3000 MW transmission project

🕔Feb 20, 2018

The Federal Electricity Commission (CFE) of Mexico has announced the bidding rules for proposals for the development of the Ixtepec Potencia – Yautepec Potencia transmission project, which includes the ​first direct current transmission line. The project represents an estimated investment of US$1.7 billion and will enter into commercial operation in the year 2021.

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IPPToday #155: Mexico opens tender for 1.5 GW Baja California transmission line

IPPToday #155: Mexico opens tender for 1.5 GW Baja California transmission line

🕔Feb 14, 2018

The Government of Mexico has started the tender process for the Baja California Transmission Line project. The tender is seeking a developer to install and operate a 1,400 km transmission line linking Seri, in the state of Sonora, in north-east Mexico, to Cucapáh in the state of Baja California.

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Sterlite Power buys out its transmission business

Sterlite Power buys out its transmission business

🕔Feb 8, 2018

Sterlite Power has acquired a 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity (SCPE) for INR10.1 billion (US$157 million). With this acquisition, Sterlite Power holds 100% stake in the business.

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IPPToday #148: Eversource and Hydro-Québec selected for 9.45 TWh Massachusetts energy contract

IPPToday #148: Eversource and Hydro-Québec selected for 9.45 TWh Massachusetts energy contract

🕔Feb 5, 2018

Massachusetts utilities has announced that they have selected a Eversource Energy’s subsidiary Northern Pass Transmission (NPT) and Hydro-Québec joint proposal to supply 9.45 TWh of firm clean energy, which will help the state enhance reliability and contribute to its greenhouse gas reduction requirements. 

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IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

🕔Jan 29, 2018

The President of Brazil, Michel Terner, has advanced the privatisation of state-owned power company Centrais Elétricas Brasileiras SA, commonly known as Eletrobras, by submitting a bill defining the terms of the sale to Congress. The bill states that the company will be privatised through a capital increase, with an option for a secondary offering of government shares (currently 52%).

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IPPToday #142: 370km France-Spain interconnection project to receive EUR578 million from EU

IPPToday #142: 370km France-Spain interconnection project to receive EUR578 million from EU

🕔Jan 26, 2018

The European Commission yesterday approved an unprecedented grant of EUR578 million (US$718.5 million) to the Biscay Gulf France-Spain interconnection project. The grant will fund the construction of a 370km electricity transmission line between Gatika, around 20km north of Bilbao, in the north-east of Spain, and Cubnezais, around 40km north of Bordeaux, in the south-west of France.

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Vattenfall to supply 1.5 TWh of electricity to AkzoNobel

Vattenfall to supply 1.5 TWh of electricity to AkzoNobel

🕔Jan 2, 2018

Vattenfall has announced that it has agreed to will supply 1.5 TWh of electricity annually to AkzoNobel in the Netherlands. The new agreement concerns AkzoNobel’s chemical production sites in Delfzijl, Hengelo and Rotterdam.

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Allianz, MIRA and Valtion Eläkerahasto to acquire Elenia

Allianz, MIRA and Valtion Eläkerahasto to acquire Elenia

🕔Dec 22, 2017

Allianz Capital Partners (ACP), Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER) have signed an agreement to acquire Elenia Oy, Finland’s second largest power distribution system operator and Elenia Lämpö Oy, Finland’s ninth largest district heating network.

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