The state government of Sarawak, through Sarawak Energy, acquired the 2.4GW Bakun hydropower project in Sarawak on the island of Borneo from the Malaysian federal government. Sarawak Energy bought the entire equity shares of Sarawak Hidro, owner and operator of the Bakun hydropower facility, in a deal worth about MYR2.5bn (USD583mn). The acquisition was financed through a mix of Sarawak Energy&…
Olympia Violago Water & Power signed a deal with the P ower Construction Corporation of China (PowerChina) to design, procure and build the 500MW Wawa pumped storage hydropower project in Rizal province, Philippines. The scheme, being developed by San Lorenzo Ruiz Builders and Developers Group and Equis Energy, is expected to cost USD1bn. Work is slated to start by end-2017 and the facility is …
Mega First Corporation signed agreements to obtain USD150mn to partly finance the 260MW Don Sahong hydropower project in Laos. The sum comprises USD85mn in term loan facilities and USD65mn Islamic financing, both with tenures of up to six years. The conventional loan's repayment will start in January 2020 or on a mutually agreed later date, while the repayment of the financier's sale pr…