Latest Asia Pacific News
RAJUK completes first phase of PNTP project
The first phase of the Purbachal New Town Project – a water distribution project in Bangladesh – funded by the nation's PPP initiative has been completed
ADB, BML sign package to support Maldives
The Asian Development Bank signed a $41 million finance package with the Bank of Maldives to support locally owned small and medium-sized enterprises and tourism companies
APM, HATECO to develop Vietnamese port
APM Terminals – a subsidiary of Danish shipping company Maersk – has struck a strategic partnership with HATECO Group to develop 2 deep-water berths at Lach Huyen Port in Haiphong City, Vietnam
AIIB moves towards $50m loan to Bangladeshi lender
The Asian Infrastructure Investment Bank is likely to soon approve a $50 million mid-tenor loan to Eastern Bank Limited, the first such facility by the multilateral to a private-sector Bangladeshi lender
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JBIC-backed loan for SJVN’s solar, India
Renewables Asia PacificIndian state-owned renewable firm SJVN has signed a $114.6 million Japan Bank for International Cooperation-guaranteed loan facility to fund its solar projects
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OZ coal-fired goes into voluntary administration
Power Asia PacificThe existing 825MW coal-fired power station in Queensland, owned by a 50/50 JV between government-owned CS Energy and Genuity Group, have gone into voluntary administration
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Palisade refinances 5 solar, wind for RE platform
Renewables Asia PacificAustralia-based Palisade Investment Partners has closed a $869 million wind and solar portfolio refinancing facility, which allows the company to combine the assets and passes them on to its newly established platform Intera Renewables
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Oz energy firms partner on social housing solar project
Renewables Asia PacificA consortium of renewable energy companies has formed to make solar energy for multi-tenant social housing buildings more affordable
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SunCon bags RM605m RTS Link project
Transport Asia PacificSunway Construction (SunCon) – a subsidiary of Sunway RE Capital – has secured a RM604.86 million contract from Malaysia Rapid Transit System
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EXCLUSIVE Adani’s petchem project, India – FC this year?
Oil & Gas Asia PacificAEL's greenfield coal-to-polyvinyl chloride project in Gujarat is targeting financial close this year. However, FC is subject to allaying lender concerns with additional equity amid fears over the group's overall access to liquidity
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Seymour Whyte wins Oz road links projects
Transport Asia PacificSeymour Whyte – a subsidiary of Vinci Construction – has been awarded 2 contracts by Transport for New South Wales worth a total of A$385 million
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Aramco signs $7bn refinery deals in China
Oil & Gas Asia PacificSaudi Aramco is expanding its presence in mainland China with the oil major agreeing to pick up a 10% stake in a Chinese oil refiner for $3.6 billion while committing similar amounts for a 30% stake in another greenfield petrochemical venture
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MPIC to build stake in SPNEC, Philippines
Renewables Asia PacificFilipino infrastructure conglomerate Metro Pacific Investment plans to take a substantial control in Philippines-listed SP New Energy with an initial acquisition of 16% stake from Solar Philippines for P2 billion
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Sembcorp shelves Indonesia cross-border solar, ESS
Renewables Asia PacificSingapore-based power producer Sembcorp Industries has mothballed the cross-border 1GWp solar power plant with an energy storage system in Indonesia, which initially planned to import the electricity to the Lion City
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EDF, Nebras sign debt for Uzbek gas-fired
Power Asia PacificThe consortium led by French utility Electricité De France and Qatar-based Nebras Power have signed debt for a greenfield 1.58GW combined-cycle gas turbine project in central Uzbekistan
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Road developers' debt to rise, India
Transport Asia PacificCrisil – the rating agency – has warned that the debt load of road developers in India will expand due to sizeable equity commitments in ongoing projects and rising working capital requirements, but revenue growth is expected to remain strong in the upcoming fiscal year due to excellent contract awards and execution
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Oz gov launches P4I initiative in Philippines
Transport Asia PacificThe Australian government launched a Partnerships for Infrastructure initiative in the Philippines to strengthen its financing strategies, regulatory frameworks, and technology choices while developing infrastructure
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Brookfield consortium agrees Origin deal
Power Asia PacificAustralian power producer and energy retailer Origin Energy on Monday (27 March 2023) said it has agreed a A$15.35 billion ($10.21 billion) takeover offer from a Brookfield-led consortium
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SMC Infra unit joins Philippine's local gov on motorway project
Transport Asia PacificSan Miguel signed a JV agreement with the Batangas provincial government for the P44.77 billion Nasugbu-Bauan Expressway project that will provide a faster connection between the eastern and western portions of the province