Siemens expands energy finance business in Asia-Australia Region
Siemens Financial Services has announced the expansion of its Project and Structured Finance - Energy business into the Asia-Australia region, providing customers in these markets with access to a broad range of capital solutions including debt, equity and advisory support.Establishing a hub in Singapore, Anton Conradie is heading the team's efforts to support large energy projects.
Siemens Financial Services recently acted as a key lender in the construction and operation of a refinery and petrochemical complex in Nghi Son (Vietnam). The project is estimated to cost a total of US$9 billion and will be the second of its kind in Vietnam. Its purpose is to satisfy the increasing demand for petroleum products in Vietnam as well as to produce petrochemicals for export. The transaction involves a total of six ExportCredit Agencies with Siemens Financial Services taking part in financing four of the covered debt tranches.
Siemens Energy Sector supports Siemens Financial Services's involvement in the Nghi Son project. The transaction represents the largest petrochemical project in the Asia-Australia region for 2013.
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August 28, 2013
* Training Course: Infrastructure Finance in Asia (Singapore, November 26-28) *
InfraPPP is organizing a training program for infrastructure professionals interested in infrastructure finance and public private partnerships in the Asia Pacific region. Read more -
August 30, 2013
Armstrong SEA Clean Energy Fund raises US$130 Million at third closing
IFC Catalyst Fund, FMO, and SIFEM have agreed to commit to the Armstrong South East Asia Clean Energy Fund. The third closing brings the fund size to $130 million. The fund invests in small-scale renewable energy and resource efficiency projects in Southeast Asia. Read more -
October 07, 2013
Atkins acquires Project Management firm based in Singapore
Atkins plc, the engineering firm, has acquired Confluence Project Management Pte. Ltd., a project management business with operations in Asia Pacific, the Middle East and India, for a debt-free cash consideration of £8.4m. Read more -
October 28, 2013
NHAI approves L&T's Singapore IPO plans
The Indian National Highways Authority of India (NHAI) board has approved infrastructure developer Larsen & Toubro's plans to set up a business trust in Singapore and list 6 toll road projects on the Singapore stock exchange that could raise up to US$1 billion, according to sources. Read more -
November 12, 2013
Armstrong closes SE Asia clean energy fund at US$164 million
Armstrong Asset Management (AAM) yesterday announced that its first clean energy fund - uniquely focused on the development and construction of small-scale infrastructure projects in emerging Southeast Asia - has been successful in garnering robust support from investors. Read more
