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June 1, 2017

Deals this week: Government of Congo, Alsons Consolidated Resources, Crius Energy Trust

The Government of Congo has invested $92m in construction and development of the 19.2MW Liouesso dam hydroelectric plant in Liouesso.

The Government of Congo has invested $92m in construction and development of the 19.2MW Liouesso dam hydroelectric plant in Liouesso.

China Gezhouba Group provided construction services for the plant, which is estimated to involve an investment of $4.79m a MW.

Alsons Consolidated Resources has announced plans to invest PHP3.9bn ($78.31m) in the 15.1MW Siguil run-of-river hydropower plant in the Philippines.

Alsons is engaged in power generation and is a provider of power plant management and maintenance services.

Crius Energy Trust has announced plans to raise C$110m ($81.76m) in gross proceeds in a public offering of 11,224,500 subscription receipts.

The receipts will be priced at C$9.8 ($7.28) each and will be issued on a bought-deal basis.

Underwriters are also granted an option to purchase an additional 1,683,675 subscription receipts at the offer price, exercisable within 30 days from the closure date of the offer.

"Crius Energy Trust has announced plans to raise C$110m ($81.76m) in gross proceeds in a public offering."

Desjardins Capital Markets, RBC Capital Markets, and National Bank Financial were engaged as the underwriters, while Bennett Jones and Baker Botts are the legal advisors to Crius Energy Trust.

The Trust proposes to use the proceeds to finance an acquisition of US Gas & Electric.

Power Grid Corporation of India plans to issue bonds in a public offering to raise up to Rs175bn ($2.71bn).

The Indian company proposes to issue bonds in the domestic and international markets during the 2017-2018 period.

Octopus Energy Investments has obtained $67.3m project financing from Banque publique d’investissement and Credit Cooperatif Group. Structured as a fully-amortising loan, the financing will be repaid in 14 years.

The company intends to use the financing to develop its portfolio of rooftop solarpower assets, with a combined installed capacity of 17.4MW and comprising 66 plants across Southern and Central France.

The company engaged Eleco Capital and Linklaters as the legal advisors. Watson Farley & Williams, Mazars, and Willis Group Holdings Public Company were the legal advisor to Banque publique d’investissement and Credit Cooperatif for the deal.

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