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Latest Asia Pacific Analysis

  • EXCLUSIVE Gulf Pluak Daeng CCGT, Thailand

    China’s first confirmed Covid-19 case has been traced back to 17 November 2019. A day later and thousands of kilometres away, Gulf and Mitsui & Co had reached financial close on the $1.66 billion Gulf Pluak Daeng combined-cycle gas turbine power plant complex in Rayong – a core province in Thailand's Eastern Economic Corridor development plan

  • Genex gets K2-Hydro back on track

    Genex Power has succeeded in the signing of a new PPA for the A$700 million, 250MW Kidston Pumped Hydro project in Queensland, with EnergyAustralia firmly back on board as the offtaker but no longer as the 50% equity partner

  • Stir crazy and staying safe

    We’re all in the same boat now – moving like cagey tigers in our allotted territories, wading through thousands of unnecessary emails, wrestling with yesterday’s wonder technology innovation… all the while maintaining an ostensibly-genial appearance for the nearest and dearest

  • IFC: smart solutions for urban and remote communities

    IFC's East Asia and Pacific director Vivek Pathak and country manager for Australia, New Zealand, Papua New Guinea and Pacific Islands Thomas Jacobs talked to IJGlobal about their urgent work in promoting "smart solutions to the problems of urbanisation", such as waste to energy plants and affordable housing townships, as well as bringing new models for developing off-grid energy infrastructure

  • EXCLUSIVE CFXD offshore wind, Taiwan

    Copenhagen Infrastructure Partners' CFXD offshore wind project in Taiwan Strait closed late last month on a roughly $3.94 billion financing package, as two new financial investors and an Asian export credit agency made their entrance to the market

  • Fingering the Force Majeure trigger

    A lot of people write off Coronavirus – Covid-19 if you really must – as a storm in a teacup, a ramped-up flu virus that’s no more worrisome than a passing bout of the snuffles… however, the infra/energy community begs to differ

  • East Rockingham Resource Recovery Facility, Australia

    The East Rockingham Resource Recovery Facility is the second large-scale energy-from-waste facility to reach financial close in Australia. It differs from its predecessor in its new waste supply structure, under which councils will not be financially penalised for reducing waste volumes

  • EXCLUSIVE IPIF: Democratising unlisted infra for Australia's SMSFs

    As Melbourne-based fund-of-funds manager IPIF is in a A$250 million round of fundraising for its IPIF Core platform, the manager is considering future possibilities for direct investing. Meanwhile IPIF's new research quantifies the potential for outperformance for SMSFs that access exposure to the unlisted infrastructure asset class, as large industry superannuation schemes have

  • EXCLUSIVE Kacific1 satellite, Space

    Kacific anticipates commercial service to start next month on its satellite Kacific1 nearly 35,800km above the equator, following the satellite’s launch on a SpaceX Falcon 9 rocket about two months ago. The $160 million refinancing had closed less than two weeks before launch, featuring an unusual mix of lenders: DFIs, an Australian pension fund, and a European asset manager

  • B-Day landings in World War 5G

    Wow. What a week to have lived through. It started with UK prime minister Boris Johnson revealing that Huawei would be involved in the roll-out of 5G in Britain – potentially leading to a schism with the US – and ended with Brexit… a rift with Europe

  • EXCLUSIVE AIIB: an Asian multilateral putting focus on digital

    The Beijing-based multilateral Asian Infrastructure Investment Bank issued on 14 January a call for public comments on its draft digital strategy to finance Asia Pacific’s rapidly evolving telecoms sector. IJGlobal data shows that in Asia Pacific, MDBs have had a lower rate of involvement in telecoms projects to date, compared to other sectors

  • Tina River Hydro PPP, Solomon Islands

    Solomon Islands' 15MW Tina River Hydro high dam project was around 12 years in development, a saga not atypical for this technology. The financing of this, the nation's first PPP, changed course after global oil prices tanked in 2014 to 2015. A new concessional finance structure emerged, where government on-lends a single blended facility to the project company, complementing private sector equity

  • EXCLUSIVE Asia's first infra loan securitisation platform

    Clifford Capital and Asian Infrastructure Investment Bank announced last month the establishment of Bayfront Infrastructure Management – a platform to mobilise institutional capital for infrastructure debt in Asia. IJGlobal spoke with both equity holders to learn more

  • EXCLUSIVE IFC’s Super Six wind, Pakistan

    A cohort of 11 wind farm projects in PakiJhimpir wind corridor, totalling 560MW in total installed capacity, reached financial close in November 2019. IFC had used a programmatic approach, its first in the wind sector, on what it dubs the Super Six – not to be confused with the Seven Sisters or Nubian Suns

  • Dededo combined-cycle power plant, Guam

    Guam Power Authority has procured a 198MW baseload power plant under a build-operate-transfer structure to replace the western Pacific island's ageing and limited baseload power supply. KEPCO becomes Guam's largest power provider with this project. Meanwhile Guam's energy mix is changing rapidly, as the western Pacific US territory is preparing its fourth renewables procurement round

  • Omaezaki-kou biomass, Japan

    As Japan winds down its generous solar feed-in tariff scheme, the country’s developers have turned to biomass, which still enjoys a relatively high FiT. Renova took full advantage of Japan’s 20-year FiT to structure an aggressively leveraged transaction for its 75MW Omaezaki-kou biomass power plant in central Japan

  • No, actually… it’s all about us!

    When we go out to meetings and dare to drop into the conversation the subject of awards nights, it can go either of two ways. Either they lean in, ears pricking up… or they peer at you through fingers, shaking heads vigorously

  • The renewable race to refi

    All you ever hear these days is doom and gloom. You’d think we were back in the days of box-toting bankers smiling ruefully for the cameras as they exit Lehman Brothers for a final time, liberated pot plant under arm

  • Fund analysis: AMP Capital Infrastructure Debt Fund IV

    As the interest for mezzanine strategies spreads among equity managers, AMP Capital has reinforced its reputation in this space by raising a total $6.2 billion on its latest vintage

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