Latest Asia Pacific - Power Analysis

  • Who owns your electricity grid?

    Electricity distribution assets are considered to be some of the most critical infrastructure in a country. Many developed markets have openly questioned the national security implications of foreign ownership of such infrastructure assets, particularly by Chinese investors

  • KalSel coal-fired power, Indonesia

    After five years, sponsors Adaro and Korea East-West Power have reached financial close this week on their 2x100MW $540 million KalSel coal-fired independent power producer (IPP) project

  • Vietnam: not turning the lights on

    The Vietnamese government last week cancelled plans to build 16,000MW of nuclear power capacity and state electricity utility EVN is calling for foreign investment to plug its electricity deficit. But foreign investors in the country face a big challenge: the Ministry of Finance will only guarantee 30% of a US dollar-dominated power purchase agreement

  • Indonesian procurement: signs of improvement?

    When the 2,000MW Java 7 coal-fired power project reached financial close at the end of September 2016 it gave a major boost to the Indonesian power sector, which has seen a scarcity of completed transactions in recent years

  • Ausgrid Acquisition, Australia

    After the surprise rejection of two Chinese bids for electricity transmission network Ausgrid, IFM Investors and AustralianSuper kept the deal on track by swooping in with an unsolicited proposal.

  • Data Analysis: Chinese takeover

    The aborted sale of AusGrid is part of a wider pattern of Chinese investment in transmission and distribution assets in Australia, and other major markets

  • Indonesia's infrastructure bottleneck

    Sponsors and their advisers suffered what has become a familiar delay in Indonesia when the bid submission deadline for the Java 1 gas-fired combined-cycle power and floating storage project was again pushed back this week

  • Data analysis: North America beats Europe as fundraising focus

    Fundraising activities have been geared towards global opportunities in the past eighteen months, with North America beating Europe for funds with a regional focus

  • Data Analysis: Pakistan's pipeline

    As Pakistan prepares to end its status as a ward of the International Monetary Fund, IJGlobal data reveals that the number of infrastructure projects and total transaction volumes have been growing

  • Finish line for marathon Central Java financing

    The seven year saga to get the $4.3 billion 2,000MW Central Java ultra-supercritical coal-fired power project to financial close finally came to an end this week

  • Indonesia limps toward power generation target

    President Joko “Jokowi” Widodo’s target to install 35,000MW of new power generation capacity by 2019 has created aggressive competition for projects in Indonesia. But progress has been slowed thanks to the limitations of state utility PLN

  • Philippines: Aquino’s PPP legacy is a bulging pipeline

    Under outgoing president Benigno Aquino, the Philippines has tendered out more PPP projects than the previous three presidents combined. But while 25 PPP projects have been launched during his five-year term, only five deals have crossed the finishing line to financial close

  • Thar Coal, Pakistan

    The Thar coal project financing is the first integrated coal mining and coal-based power project to reach financial close in the China-Pakistan Economic Corridor and a clear signal of China’s growing influence regionally as its ‘One Belt, One Road’ initiative starts to take shape

  • TransGrid, Australia

    The A$10.3 billion financing for the acquisition of the 99-year lease of New South Wales electricity distribution company TransGrid tested the willingness of the offshore bank market to finance large infrastructure assets in Australia and international banks responded with a clear positive signal

  • Track 3B, Malaysia

    Malaysia’s 3B has had an eventful history to say the least, although the financing represents a successful outcome for sponsors Tenaga Nasional and Mitsui

  • Data Analysis: Asia-Pacific investment volumes

    Asia Pacific's infrastructure deficit is vast but the number of bankable deals is still small, leading to patchy deal flow and wild fluctuations in investment volumes when comparing one year to the next

  • Edra Global Energy acquisition, Malaysia

    1MDB’s sale of its power unit, Edra Global Energy, to a Chinese developer allows the fund some breathing space to pay off its debt, although ultimately throws up more questions than it answers

  • Data Analysis: Limay and the Philippines’ power sector

    The Philippines’ power sector remains almost exclusively the preserve of local banks, although one deal working its way through syndication may change that

  • The competition for Indonesia’s Java 7

    PLN’s decision to tender out the 2x1000MW Java 7 independent power producer project without a government guarantee raised a few eyebrows, but this doesn’t seem to have deterred many bidders

Analysis Archive