Deals this week: Bangladesh Power Development Board, Aksa Enerji Uretim, UQM Technologies

Bangladesh Power Development Board and SEPCO Electric Power Construction Corporation have signed a memorandum of understanding (MoU) to jointly develop a 1,320MW coal-based power plant in Maheshkhali, Cox’s Bazar in Bangladesh.

Aksa Enerji Uretim has announced it has completed the private placement of its Turkish-lira denominated bond for raising gross proceeds of TRY200m ($67.95m) as part of its larger TRY500m ($169.88m) bond programme.

The European Bank for Reconstruction and Development (EBRD) has agreed to participate in the offering by investing TRY100m ($33.98m).

UQM Technologies has signed a definitive agreement for American Compass to acquire a representative figure of 58% of UQM Technologies’ common shares, with 54% on a fully-diluted basis.

The deal will enable UQM Technologies to raise approximately $48m by offering HKG a total of 66.6 million shares priced at $0.72 each. The proceeds will be used to primarily the company’s market share in China.

Wacker Chemie has agreed to invest $15m in 1366 Technologies as part of a long-term strategic partnership.

This will enable 1366 Technologies to receive poly-silicon at a competitive price and conditions from Wacker Chemie, which will help the construction of its proposed silicon wafer manufacturing plant, as well as funding future expansions.