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Ravenhall Prison PPP refinancing, Australia
Social & Defence Asia PacificThe US private placement refinancing of Ravenhall Prison PPP in Victoria has achieved a record tenor, going out to the end of the project's concession term in 2042
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Teknaf solar, Bangladesh
Renewables Asia PacificBangladesh’s first 15-year project financing – almost double the typical eight-year maximum tenor for the South Asian country’s infrastructure projects – crossed the finish line last week. GuarantCo played a crucial role in achieving the long tenor by mitigating payment default and liquidity risks on the $35.6 million Teknaf solar power project
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Fund focus switches from Asia Pacific to social infra
Oil & Gas Asia PacificAs eight unlisted, closed-ended infrastructure funds raised $20.6 billion at final close in the first quarter of 2019, some interesting trends have emerged from the IJInvestor Funds and Investors Q1 2019 report
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Thailand floats its energy strategy on solar
Renewables Asia PacificThailand's updated power development plan for 2018-37 reflects the country's ambition to embrace renewable energy, and features floating solar projects as a way to diversify the energy mix
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Sharing “spillover tax revenue”: a revolution in infra
Renewables Asia PacificIndia’s new national broadband network could be the first project to enact an entirely new concession model, one which could revolutionise infrastructure finance
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MUFG Bank – Global MLA of the Year
Asia PacificIJGlobal awards have long held a special position in the industry, given that they are independently judged by teams of infrastructure and energy specialists in New York, London, Dubai and Singapore – giving them unrivalled authority and the cachet of peer review
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Allen & Overy – Global Legal Adviser of the Year
Asia PacificChoosing a winner for infrastructure and energy legal advisory on a global scale is a challenging feat, made infinitely more simple by aggregating scores from all four of IJGlobal’s independent judging teams – in London, New York, Dubai and Singapore
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SMBC – Global Financial Adviser of the Year
Asia PacificThe 2018 calendar year proved to be a busy one for the SMBC financial advisory team with strong performance around the globe, winning it the IJGlobal Global Financial Adviser of the Year award that was presented at the Singapore event
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Macquarie Capital – Sponsor of the Year
Asia PacificWhen it comes to sponsors on the international infrastructure scene, few hold a candle to Macquarie Capital as it drives major transactions around the globe – according to IJGlobal’s independent panel of judges
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It’s that time of year again…
Renewables Asia PacificLeague tables have to be one of the most divisive pieces of research that IJGlobal publishes. Why divisive, I hear you ask? Well, they make some people angry when they don’t top the tables
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Acquisition of Glow Energy, Thailand
Renewables Asia PacificGlobal Power Synergy on 22 March submitted a tender offer for the remaining shares of Glow Energy, one of Thailand's largest independent power producers, having earlier this month completed the share purchase agreement with Engie to acquire its stake in the company
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Mind the MLFs – a warning for Australian renewables
Renewables Asia PacificWith surprisingly material reductions for Marginal Loss Factors emerging in the AEMO draft figures this month, the owners of Australian wind and solar assets may start to consider policy ideas such as renewable energy zones and revising the risk sharing arrangements with offtakers
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New South Wales’ Regional Rail PPP, Australia
Transport Asia PacificThe Momentum Trains consortium achieved financial close on 15 February for the Regional Rail PPP in New South Wales, with a group of international banks providing debt with a novel amortisation schedule, while the NSW government has given itself the option to terminate or extend the O&M concession at year 15
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Sunraysia solar, Australia
Renewables Asia PacificSome five months after financial close, project participants gathered for a ground-breaking ceremony this week at the 255MW Sunraysia solar farm near Balranald in New South Wales, Australia
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Long Son petrochemicals plant, Vietnam
Oil & Gas Asia PacificThailand’s Siam Cement has been on a patient 10-year long mission to build a petrochemicals plant in Vietnam
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Investment in India gathers momentum
Oil & Gas Asia PacificIJInvestor data shows that international funds and institutional investors are already active in the market. There are 36 active funds focusing solely on India with a target of investing over $90 billion of capital
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Infra funds – global fundraising
Renewables Asia PacificWhile 2018 failed to log a mega fund final close – something infra hacks love to hang a story round – this last year managed to break fundraising records across a slew of smaller vehicles, the vast majority of which are (not surprisingly) focused on equity
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Infra fund dilemma – blame the pig or the feeder?
Renewables Asia PacificIn the same week that Luxembourg announced plans to legalise cannabis (and make all public transport free), folk have been wondering whether many infrastructure fund managers will domicile in the small European duchy to enjoy the benefits of a liberal system while they play fast and loose with targets and hard caps
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IL&FS: project finance SPVs risk default
Transport Asia PacificThe bankruptcy of Infrastructure Leasing & Financial Services is continuing to send ripple effects in the Indian market. In the latest twist, ring-fenced project finance SPVs are threatening to terminate debt repayments