Deals this week: Hrvatska Elektroprivreda, Power Corporation of Canada

27 July 2018 (Last Updated July 27th, 2018 10:30)

Hrvatska Elektroprivreda has raised €130m (approximately $152m) in project financing for modernisation and upgradation of Elektrana-toplana combined heat and power plant near Zagreb, Croatia.

Hrvatska Elektroprivreda has raised €130m ($152m) in project financing for the modernisation and upgrade of Elektrana-toplana combined heat and power plant near Zagreb, Croatia.

The European Bank for Reconstruction and Development (EBRD) is providing €87m ($102m), while the European Investment Bank (EIB) is investing €43m ($50m) in the project.

Based in Croatia, Hrvatska Elektroprivreda is a national power company engaged in power generation, transmission and distribution.

Power Corporation of Canada plans to raise C$250m ($190.11m) through a public offering of 4.455% debentures due July 2048. The company proposes to pay interest on the debentures semi-annually in arrears on 27 January and 27 July every year.

Proceeds will be used for funding the redemption of C$250m ($190.11m), the aggregate principal amount of 7.57% debentures due April 2019.

Based in Canada, Power Corporation of Canada is a diversified management and holding company.

It has engaged BMO Nesbitt Burns, RBC Dominion Securities, Scotia Capital, CIBC World Markets, National Bank Financial, TD Securities and Casgrain & Company as agents for the transaction, while Blake, Cassels & Graydon is serving as the legal adviser.

NHPC plans to raise gross proceeds of Rs33bn ($479.13m) by issuing corporate debentures/bonds in a private placement.

The company has simultaneously announced its intention to raise Rs5bn ($72.59m) in private placement of debentures/bonds in one or more series/tranches.

Based in India, NHPC is engaged in renewable energy generation.

“Proceeds will be used for funding the redemption of $190.11m, the aggregate principal amount of 7.57% debentures due April 2019.”

Climate Connect Holding plans to raise between $5m and $10m in a series B round of financing.

Based in the Netherlands, Climate Connect Holding is an energy technology firm offering artificial intelligence and machine learning software for generation, transmission and distribution projects.

Green & Smart Holdings has raised £3.2m ($4.19m) in a private placement of 51.8 million new common shares priced at £0.0619 ($0.081) a share.

Serba Dinamik International Ltd (SDIL) has subscribed to the shares issued under the placement.

SDIL is entitled to appoint one executive director to the board of directors of Green & Smart Holdings as long as it holds a minimum of 15% issued share capital, under the subscription agreement.

Green & Smart Holdings intends to use proceeds for developing a fully owned biogas power plant at Minyak, and for working capital purposes.

Based in Malaysia, Green & Smart Holdings is a renewable energy company engaged in generating power from biogas.

Clear Blue Technologies International has entered a distribution agreement with IDSUD Energies to jointly transform wind and solar energies into public lighting.

IDSUD Energies’ solar or wind powered lighting and internet of things (IoT) systems will feature Clear Blue’s smart off-grid management technology and services following the agreement.

Based in Canada, Clear Blue Technologies International is a smart off-grid company that generates reliable, low-cost, solar and hybrid power.

IDSUD Energies is a France-based renewable energy company focused on researching and developing small 3D proximity wind turbines and outdoor lighting solutions.

ENGIE New Ventures has invested and acquired a 13% minority stake in HomeBiogas, an Israeli start-up pioneering in the field of household biogas solutions.

ENGIE New Ventures is the corporate venture capital fund of ENGIE, a global energy and services provider in France.