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Asia Connect
Keppel Corp has reached a long-term power purchase and export agreement with Cambodia’s Royal Group Power to buy electricity from Cambodia and Laos. Singapore’s Energy Market Authority (EMA) has conditionally approved long-term imports and sales of one gigawatt of low-carbon electricity from renewable energy sources by wholly owned unit Keppel Energy, Keppel says in a statement.
20 Mar 2023
The Philippines' largest integrated telco PLDT on March 16 announced a new tower sale and leaseback transaction by its subsidiaries Smart Communications and Digitel Mobile Philippines involving 1,012 telecom towers and associated passive telecom infrastructure. The company signed a sale and purchase agreement with Frontier Tower Associates Philippines for over 12.1 billion pesos (US$221.20 million).
17 Mar 2023
American carrier Southwest Airlines has agreed to purchase over 400,000 carbon credits from SMBC Aviation Capital.
15 Mar 2023
Greek utility Public Power Corporation (PPC) has agreed to acquire all of the equity interests held by Italian energy giant Enel and its subsidiaries in Romania for €1.26 billion (US$1.35 billion).
15 Mar 2023
BNP Paribas, Crédit Agricole, Citibank, HSBC, and JPMorgan Chase have signed a debt package for the first phase of the Sal de Oro lithium brine project in Argentina. The Sal de Oro lithium brine project is one of the most important lithium brine projects in Argentina, and is being developed by South Korea’s Posco, one of the world’s largest steel manufacturers.
15 Mar 2023
Japan’s Nippon Export and Investment Insurance (NEXI) is providing insurance for commercial bank loans extended to Red Sea Wind Energy, a project company building a 500-megawatt wind farm in Egypt. This is the first co-financing between NEXI and the European Bank for Reconstruction and Development (EBRD) based on a memorandum of understanding signed in 2020.
15 Mar 2023
Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene on Tuesday (March 14) joined Rio Tinto chief executive Jakob Stausholm 1.3 kilometres underground to celebrate the start of underground production at the Oyu Tolgoi copper mine in the Gobi Desert.
14 Mar 2023
Singapore’s energy and urban development company Sembcorp Industries (Sembcorp) has secured a deal to build, own and operate a 500-megawatt solar plant in Manah, Sultanate of Oman. The Manah Solar II Independent Power Project (IPP) is expected to be operational by 2025 and will be backed by a 20-year power purchase agreement with Oman Power and Water Procurement Company (OPWP).
14 Mar 2023
Sumitomo Corporation has sold the largest mining operation in Bolivia to Vancouver-based San Cristobal Mining (SCM).
8 Mar 2023
Tokyo-based Inpex Corporation has acquired a 16.7% stake in the Moray East offshore wind farm, which is currently in operation approximately 22 kilometres off the coast of Scotland.
8 Mar 2023
Sumitomo Mitsui Trust Bank and Crédit Agricole Corporate and Investment Bank have acted as joint arrangers for a US$685 million syndicated loan to Höegh LNG for the refinancing of two floating storage and regasification units (FSRUs) that will form part of Germany's new gas import terminals.
8 Mar 2023
The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited signed a US$692.55 million non-recourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to sell power to neighbouring Vietnam. Comprising 133 wind turbines, the project will be the largest wind power plant in Southeast Asia and the first in the Lao PDR.
1 Mar 2023
Posco Pilbara Lithium Solution Co Ltd has signed a 600 billion won (US$460 million) loan to fund the balance of the capital development and commissioning costs for its new 43,000 tonnes per annum (tpa) lithium hydroxide monohydrate chemical facility being constructed in South Korea.
1 Mar 2023
African Export-Import Bank (Afreximbank) and Senegalese power company Ndar Energies have signed a framework agreement to finance the development of a 250-megawatt combined cycle gas turbine power plant and gas pipeline in Saint Louis, Senegal. The agreement was signed on the margins of the 2nd Dakar Finance Summit in Dakar. Afreximbank and Ndar Energies will finance the development, design, construction and operation of the power plant and pipeline. Total capex for the project is €430 million (US$455 million).
1 Mar 2023
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