Cezary Podkul
All 15 power plants should be powered by fossil fuels and financed by the private sector, a spokesperson for the German Energy Agency said.
In a country whose infrastructure investment landscape is dominated by large industrial conglomerates, Infrastructure India, a newly listed UK infrastructure fund, is finding ways to limit its exposure to them by investing in project-specific investment vehicles.
The fund’s committed capital already eclipses the firm’s 11th energy buyout fund, which closed on nearly $8 billion in 2006. The target is $12bn, which would make it the largest ever private equity fund to focus on the sector.
The sale of its remaining interest in the Te Rere Hau wind farm in New Zealand is part of the firm's plan to restructure by selling off non-core assets to pay down a debt load of A$3.25bn. Last month Babcock agreed to sell its interest in Portuguese wind assets in a €1.15bn deal.
The Latin American nation of 30 million people is preparing to undertake major investments in its Pacific and Amazon River ports by tendering several concessions to private investors next year.
The transaction is the recently-launched Challenger Emerging Markets Infrastructure Fund’s second deal and its first bolt-on to a platform company. Managing director hopes to replicate the Chilean strategy in Asian countries as the fund moves ahead with a $1.2bn fundraising effort.
If US legislators are to better appreciate the benefits of PPPs, proponents need to spend less time listening to their own message and more time spreading it, writes Cezary Podkul.
The privatisation is one of several options Will Kempton, the state’s director of transportation, is putting on the table as the state struggles with a $11.2bn budget shortfall.
Markus Pressdee, global head of infrastructure investment banking at Credit Suisse, also believes that in the near term infrastructure funds will continue to do deals with greater amounts of equity than in the past.
The fund will seek to invest in businesses that gather, process, store and transmit oil and gas products. Its previous funds have been focused on the upstream oil and gas sector.