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BAFOs for Brittany
BAFOs are due today in the tender for the €3.4bn Brittany to Pays de la Loire high-speed rail PPP. Three consortia are bidding: Vinci, Eiffage and Bouygues . Vinci is being advised by SG and Gide; Eiffage by Rothschild; and Bouygues by Dexia and Natixis. Advisers to RFF are HSBC and Jones Day.
Top Stories
BC and IO diverge
BC Hydro is evaluating procurement options for the refurbishment of a billion dollar portfolio of projects as the market buzzes about possible changes in Ontario that could slow the province’s prolific deal flow. By Alison Healey.
Island Power moves ahead
The much delayed Island Power project is back and banks are now looking at its latest funding requirements. It is seeking both an SBLC facility to support its gas offtake and a long-term debt facility for the construction. Minerva Lau writes.
Aramco ponders power
Aramco is reviewing the options for expanding its utility platform to serve its sites. The review is likely to lead to new projects coming through. By Rod Morrison.
Reuters TV: Google joins US wind grid
Google's green investment
Google is investing in a $5 bln U.S. offshore and power cable project.
Legal Survey 2010
PF MLAs H1 2010
| # | Arranger | (US$m) |
| 1 | Bank of Taiwan | 12,005.1 | |
| 2 | SBI | 9,863.0 | |
| 3 | BNP Paribas | 4,212.8 | |
| 4 | Axis Bank | 4,049.6 | |
| 5 | Credit Agricole | 3,861.8 | |
| 6 | IDBI Bank | 3,810.3 | |
| 7 | IDFC | 2,931.5 | |
| 8 | Société Générale | 2,895.4 | |
| 9 | Mitsubishi UFJ | 2,440.6 | |
| 10 | ICICI | 2,438.9 | |
PFI Comment
Shifting sentiment to power
News from Canada about the development activity coming from state-linked organisations confirms a global trend. Power is back in, infrastructure is struggling.
Features
FDI set for Indian IPPs
Domestic Indian players have been keen to seize the Indian IPP opportunity but international investors have been less so. By Cam Brockie, partner, and Alistair Dunstan, associate, McDermott Will & Emery; and Anand Desai, managing partner, and Ajay Shaw, associate partner, DSK Legal.
Rupee issues for sponsors
Lending practices among Indian banks can differ significantly from those in the international project finance market. By Shri Maski1,senior associate, Ashurst.
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