47229 PPI data update note 11 October 2008 Investment commitments to energy doubled in 2007 In 2007 investment commitments to energy projects with private participation almost doubled in real terms compared with the activity in 2006, according to just-released data from the Private Participation in Infrastructure Project Database.1 The number of new energy projects grew by 8%. The 107 new energy projects with private participation that reached financial or contractual closure in 2007 involve investment commitments (hereafter, investment) of about US$39.8 billion, in 30 low- and middle-income countries.2 In addition, energy projects implemented in 1990­2006 attracted new investment of US$10.2 billion, bringing total investment commitments to US$50 billion. The strong recovery was driven by investment in physical assets, which grew by almost 80% in real terms, to US$36.2 billion, a new peak for 1990­2007 (figure 1). Payments to the government (such as concession or lease fees and divestiture revenues) grew to US$13.8 billion, returning to levels not seen since the late 1990s. Electricity investment accounted for most of the growth, rising by 110% to US$45.7 billion, while natural gas investment remained at around US$4 billion. Within electricity, generation had the largest share, attracting US$39.7 billion (figure 2). Most of the remaining investment was directed to electricity distribution utilities (US$3.6 billion), natural gas transmission (US$3.5 billion), electricity transmission (US$1.4 billion), integrated utilities (US$0.9 billion), and natural gas distribution (US$0.8 billion). Figure 1 Investment commitments to energy projects with private Figure 2 Investment commitments to electricity projects with private participation in developing countries, 1990­2007 participation in developing countries by segment, 1990­2007 60 2007 US$ billions* Projects 140 2007 US$ billions* Projects 70 160 50 120 60 140 100 50 120 40 100 40 80 80 30 30 60 60 20 20 40 40 10 20 10 20 0 0 1990 1995 2000 2005 2007 0 0 1990 1995 2000 2005 2007 Investment in physical assets Payments to the government Energy projects Generation Distribution Integrated utilities Transmission Projects Source: World Bank and PPIAF, PPI Project Database. * Adjusted by the 2007 US CPI. Source: World Bank and PPIAF, PPI Project Database. * Adjusted by the 2007 US CPI. This note was produced by Ada Karina Izaguirre, infrastructure specialist, and Alfiya Mirzagalyamova, consultant, Finance, Economics, and Urban Development Department, Sustainable Development Network, World Bank. 1Energy includes electricity generation, transmission, and distribution as well as natural gas transmission and distribution. Other energy businesses are not included in the PPI Project Database. 2Data on energy contracts include primarily medium-size and large projects as reported by the media and other public sources. Small-scale projects are generally not included because of a lack of public information. Other contracts may have been omitted for the same reason. The Czech Republic and Estonia became high-income countries according to the 2007 World Bank country classification (released in July 2007) and therefore are excluded from the PPI Project Database. 1 The projects reaching financial or contractual closure in 2007 reflect a similar distribution, with 79 of the 107 contracts being for power plants. Of those contracts, 59 are for greenfield power plants (26 build-operate-transfer [BOT] contracts, 22 build-own-operate [BOO] contracts, 8 merchant projects, and 3 rental contracts), accounting for almost 17,000 megawatts (MW) and investment of US$20.8 billion. The other power plant contracts are 19 divestitures, involving 32,000 MW and investment of US$13.3 billion, and a concession for a 125-MW power plant. The remaining contracts are for electricity transmission (2 BOT projects involving 500 kilometers [km] and a partial divestiture of Power Grid Corporation of India), electricity distribution (8 divested utilities with 3.5 million connections, serving a population of 7 million), natural gas distribution (7 concessions and 7 BOT projects, for US$400 million), and natural gas transmission (a partial divestiture and 2 BOO projects, for a total of US$3.6 billion). Activity by region. New private activity was concentrated in a few countries in 2007. Two countries-- the Russian Federation and India--accounted for half the investment and 25% of the new projects. The top five--with Brazil, the Philippines, and Romania added to the list--attracted 75% of the investment and 33% of the new projects. This concentration of investment is higher than in the previous four years, when the top five countries accounted for 60% of annual investment. The following paragraphs summarize new projects (see table 1 for a list of the projects). In East Asia five countries saw new projects. China signed 28 contracts, involving investment of US$2 billion. Of these contracts, 16 are for electricity generation (15 wind power plants and 1 waste-to- energy project, with a total capacity of 810 MW). Another 12 are for natural gas distribution, with 4 of these having a total population of 1.2 million in their service areas. Cambodia signed three BOT contracts--for two hydropower plants (313 MW) and an electricity transmission project (302 km). Indonesia began construction of a new, 200-MW coal-fired power plant under a BOO contract. The Philippines finalized the sale of two power plants (the Magat hydroelectric plant and Masbate power plant) and implemented a new coal-fired plant in Cebu Province, involving a total of 573 MW. Vietnam partially divested three power plants and implemented a BOT project for a hydropower plant--projects totaling 660 MW. In Europe and Central Asia new projects were reported in six countries. Russia divested five generating companies with a total installed capacity of 25,000 MW and six electricity distribution companies, three of them serving 2.6 million connections and the other three having 7.1 million people in their service areas. Proceeds from the divestitures amounted to US$11 billion. In addition, Russia implemented two power plants under BOO schemes with a total of 680 MW. Bosnia and Herzegovina began constructing the 410-MW Stanari thermal power plant. Bulgaria divested the 400- MW Ruse thermal power plant and Slanchev Briag Electricity Distribution Company, with 3,000 connections. Georgia divested its national electricity distribution company (including the Adjara region), which serves 875,000 connections, and nine hydropower plants with a total installed capacity of 409 MW. Romania sold through its local stock exchange 10% of Transgaz, the state-owned natural gas transmission company. Turkey implemented two new natural gas distribution projects (one in Gaziantep and the other in Trakya). In Latin America eight countries implemented new projects. Brazil closed on financing for five new hydropower plants with a total capacity of 2,078 MW and investment of US$3.4 billion. Chile secured financing for two projects: the 158-MW La Confluencia hydropower plant and a 204-km electricity transmission line. Colombia sold through its local stock exchange 20% of Isagen, its state-owned electricity generation company, and divested the 52-MW hidroprado hydropower plant. Guatemala began construction of the 94-MW Xacbal hydropower plant. Mexico did the same for the 450-MW Norte I power plant. Nicaragua secured financing for the 40-MW Eolico Amayo wind farm. Panama started construction of the 223-MW Changuinola hydropower plant and secured financing for the 81- MW Sante Fe wind farm. Peru implemented the 210-MW El Platanal hydropower plant. In the Middle East and North Africa four countries saw new projects. Jordan divested 51% of the state-owned Central Electricity Generating Company and secured financing for the 370-MW Amman East Power Project. Iraq implemented Erbil Power Plant (500 MW). The Arab Republic of Egypt secured financing for the 88-km East Mediterranean gas pipeline from Al-Arish (Egypt) to Ashqelon (Israel). 2 Oman closed on financing for Barka II, a combined power plant (678 MW) and desalination facility (120,000 cubic meters a year) In South Asia two countries had new projects. India closed on financing for 12 new power plants with a capacity of 8,609 MW and investment of US$9.7 billion. The plants are to be located in several states: Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Uttar Pradesh, and Uttarakhand. India also sold, through its local stock exchange, 13.6% of Power Grid Corporation of India, the country's electricity transmission company. And the country ensured funding for the east-west gas pipeline. Pakistan closed on financing for five generation plants with a total installed capacity of 1,015 MW. In Sub-Saharan Africa five countries had private activity reported. Gabon signed a rental contract for emergency power plants in Bellevue and Owendo with a total capacity of 30 MW. Ghana signed a 20- year concession contract for the 125-MW Osagyefo Power Barge. Nigeria sold a 51% stake in the 1,320-MW Egbin power plant to KEPCO. Sierra Leone signed a rental contract for a 15-MW emergency power plant in Freetown. Uganda closed on financing for the 250-MW Bujagali hydropower plant, for which a BOT contract was awarded in 2005 to a consortium led by the U.S. Sithe Global Power. Potential new projects. Besides the 106 projects reaching closure in 2007, at least 55 other energy contracts were awarded, though they had not reached financial closure or been signed before the end of the year. East Asia had many of these: nine greenfield power plants (three for 1,060 MW in Indonesia, two for 108 MW in Lao PDR, and four for 4,400 MW in Thailand), a new 1,100-km gas pipeline in Indonesia, three power plant divestitures in the Philippines (the 600-MW Masinloc power plant, 600-MW Calaca power plant, and 175-MW Ambuklao-Binga power complex), and a 25-year concession of Filipino National Transmission Corp. (TransCo) with concession fees of US$3.95 billion. The potential projects in Europe and Central Asia are the sale of a controlling stake in Electrica Muntenia Sud (Bucharest's electricity distribution company), a 3,000-MW greenfield power plant in Russia, and the merchant 919-MW Bandirma gas-fired power plant in Turkey. In Latin America the potential projects are 10 greenfield power plants (two hydropowerplants for 3,140 MW in Brazil, a 9-MW wind power project in Costa Rica, two waste-to-energy projects in Mexico, a 54-MW hydropowerplant in Panama, and four hydropower plants for 720 MW in Peru) and three new transmission lines (one in Argentina and two in Brazil). In the Middle East and North Africa the potential projects are a 150-MW hybrid solar-gas plant in Algeria and a management contract for the 470-MW Ain Beni Mathar power plant in Morocco. South Asia's potential projects are nine new power plants (the 1600-MW coal-fired Krishnapatnam power plant and 4,000-MW Mundra Ultra Mega Power Project in India, the 300-MW Upper Karnali hydropowerplant in Nepal, and six power plants for 1,070 MW in Pakistan) and two power distribution franchises in India. The potential projects in Sub-Saharan Africa are 10 greenfield power plants: a 90-MW diesel plant in Angola, the 200-MW Memve'ele hydropower plant in Cameroon, the 14-MW Aja Fatou A Bojang power plant in The Gambia, a 90-MW diesel power plant at Kipevu in Kenya, a 90-MW wind power facility in Namibia, a 188-MW gas-fired power plant at Aba in Nigeria, a 50-MW gas-fired power plant in Rwanda, two power plants for 1,080 MW in South Africa, a 100-MW gas-fired power plant in Togo, and a rental contract for 50 MW in Uganda. Canceled and distressed projects. In 2007 four private energy projects were canceled or became distressed, while two previously distressed projects became operational, bringing the total number of those canceled or distressed by 2007 to 90. These contracts represent 6% of all energy projects and 9% of investment commitments in 1990­2007. The share of projects canceled or distressed in that period shows no change from the share in 1990­2006, while the share of investment they represent declined by 3 percentage points. Three contracts were canceled in 2007. Ecuador terminated a five-year management contract for CATEG, Guayaquil's electricity generation and distribution utility, signed in 2006. Mozambique terminated a 20-year concession to generate and distribute electricity in the rural areas of Inhambane and Sofala Provinces, signed in 2004, citing contractual violations. República Bolivariana de Venezuela 3 nationalized Sistema Electrico de Nueva Esparta, an integrated electricity system serving 90,000 customers on the islands of Margarita, Coche, and Cubagna, which had been divested in 1998.3 A project became distressed when Societe Generale, the shareholder of the divested Empresa Distribuidora Electrica Este, filed an international arbitration claim against the government of the Dominican Republic for alleged breach of contract. Two others left this status when Camuzzi and the government of Argentina discontinued an international arbitration case for Empresa de Energia de Rio Negro (divested in 1996) and Empresa Distribuidora Electrica Atlantica (divested in 1999). Concluded projects. Four energy projects concluded in 2007: a two-year management contract for Jiro sy Rano Malagasy, the state-owned electricity and water utility in Madagascar; a three-year management contract for a power plant in St. Petersburg, Russia; a 12-year BOT contract for the Malitbog geothermal power plant in the Philippines; and a 10-year BOT contract for the Mahanagdong geothermal power plant, also in the Philippines. 3 República Bolivariana de Venezuela also nationalized the electricity utility Electricidad de Caracas in 2007. This company is not included in the database because it had been private since 1895, while the database includes projects that began in 1984 or later. 4 Table 1 Energy projects reaching financial or contractual closure in 2007 Note: .. = not available. East Asia and Pacific Private Investment Capacity Contract Project Sub- equity commitment size and period Country Project name status sector Type of PPI (%) (US$ millions) type (years) Main sponsors 1 Cambodia Kamchay Hydropower Construction Electricity Greenfield 100 280 193 MW 44 Sinohydro (100%, China) Station project (BOT) 2 Cambodia Stung Atay River Construction Electricity Greenfield 100 255.3 120 MW 33 China Yunnan Corporation for Hydropower Station project (BOT) International Techno-Economic Cooperation (100%, China) 3 Cambodia Phnom Penh to Construction Electricity Greenfield 100 113.4 302 km 27 Yunnan Southeast-Asia Battamabang project (BOT) Economy and Technology Transmission Line Investment Industrial Company Ltd. (100%, China) 4 China Luoyang Xin'an Operational Natural Concession 90 1.32 .. 30 Xinao Gas Holdings Limited Xin'ao Company gas (90%, China) Limited 5 China Qingdao Xin'ao Operational Natural Greenfield 100 20 .. 26 Xinao Gas Holdings Limited Jiaocheng Gas gas project (BOT) (100%, China) Company Limited 6 China Ningbo City Jinzhou Operational Natural Concession .. 0 .. .. Xinao Gas Holdings Limited District Gas Project gas (..%, China) 7 China Haerbin Zhongqing Operational Natural Concession 48 62.8 890,000 30 China Gas Holdings Limited Gas Company Ltd. gas connections (48%, Hong Kong, China) 8 China Taizhou Gas Operational Natural Concession 50 9.37 17,000 30 China Gas Holdings Limited Company gas connections (25%, Hong Kong, China), SK Corp. (25%, ..) 9 China Meizhou City Gas Construction Natural Greenfield 50 6.58 .. 30 China Gas Holdings Limited (50 Project gas project (BOT) Hong Kong, China) 10 China Yulin City Gas Project Construction Natural Greenfield 60 2.63 .. 30 China Gas Holdings Limited gas project (BOT) (60%, Hong Kong, China) 11 China Shenyang Sujiatun Construction Natural Greenfield 100 65.79 .. 30 China Gas Holdings Limited Gas Project gas project (BOT) (100%, Hong Kong, China) 12 China Dezhou China Gas Operational Natural Greenfield 51 28.19 .. 30 China Gas Holdings Limited City Development gas project (BOT) (51%, Hong Kong, China) Company Limited 13 China Baotou City Gas Operational Natural Concession 80 19.34 .. 50 China Gas Holdings Limited Company gas (80%, Hong Kong, China) 14 China Hohhot China Gas City Operational Natural Concession 50 105.26 240,000 30 China Gas Holdings Limited Gas Development gas connections (50%, Hong Kong, China) Company Ltd. 15 China Chongqing Yubei Operational Natural Concession 97.6 15.13 94,000 30 China Gas Holdings Limited District Natural Gas gas connections (98%, Hong Kong, China) Company Ltd. 5 16 China Huanghua City Wind Construction Electricity Greenfield 49 69.74 50 MW 20 AES Corporation (49%, United Farm Project project (BOT) States) 17 China Guohua Ruifeng Construction Electricity Greenfield 49 63.16 50 MW 20 Hydro Tasmania (25%, Zhanhua Wind Farm project (BOT) Australia), China Light and Project Phase I Power Ltd. (25%, Hong Kong, China) 18 China Guohua Ruifeng Construction Electricity Greenfield 49 75 51 MW 20 China Light and Power Ltd. Hekou Wind Farm project (BOT) (25%, Hong Kong, China), Project Hydro Tasmania (25%, Australia) 19 China Guohua Ruifeng Lijin Construction Electricity Greenfield 49 65.79 52 MW 20 China Light and Power Ltd. Wind Farm Project project (BOT) (25%, Hong Kong, China), Phase I Hydro Tasmania (25%, Australia) 20 China Datang Ruifeng Construction Electricity Greenfield 49 0 53 MW .. China Light and Power Ltd. Xiangyang Wind project (BOT) (25%, Hong Kong, China), Farm Project Phase I Hydro Tasmania (25%, Australia) 21 China Datang Ruifeng Construction Electricity Greenfield 49 64.47 54 MW 30 China Light and Power Ltd. Datong Wind Farm project (BOT) (25%, Hong Kong, China), Project Hydro Tasmania (25%, Australia) 22 China Taipusi Shenhua Construction Electricity Greenfield 50 52.24 55 MW 30 China Windpower Group Xiehe Wind Farm project (BOT) Limited (50%, China) Project 23 China Erlianhaote Construction Electricity Greenfield 49 30.26 21 MW 30 China Windpower Group Changfeng Xiehe project (BOT) Limited (49%, China) Wind Farm Project 24 China Fuxin United Wind Construction Electricity Greenfield 50 47.96 41 MW 30 China Windpower Group Farm Project project (BOT) Limited (50%, China) 25 China Zhenlai County Wind Construction Electricity Greenfield 50 59.21 50 MW 30 China Windpower Group Farm Project Phase I project (BOT) Limited (50%, China) 26 China Bayanchuoer Wind Construction Electricity Greenfield 25 64.47 50 MW 30 Others (25%, ..) Farm Project Phase I project (BOT) 27 China Zhongjieneng Wind Construction Electricity Greenfield 40 211.18 200 MW 25 Hong Kong Construction Power (Zhangbei) project (BOT) (Holdings) Ltd. (40%, Hong Company Limited Kong, China) 28 China Bailingmiao Wind Construction Electricity Greenfield 100 63.42 50 MW 50 Golden State Environment Farm Project project (BOT) (100%, United States) 29 China Gemeng International Operational Electricity Divestiture 53 685 .. .. Korea Electric Power Company Energy Company Ltd. (KEPCO) (34%, Republic of Korea) 30 China Taizhou City Dachen Construction Electricity Greenfield 100 33.46 26 MW 50 Shanghai Hupo Energy Island Wind Farm project (BOT) Technology Company Limited Project (65%, China), Zhejiang Xingxing Group (35%, China) 31 China Yangjiang Hailin Construction Electricity Greenfield 100 28.17 22 MW 50 China Light and Power Ltd. Island Wind Farm project (BOT) (100%, Hong Kong, China) Project Phase I 6 32 Indonesia Punagaya Power Construction Electricity Greenfield 100 200 200 MW 30 Bosowa Corporation (100%, Plant project (BOO) Indonesia) 33 Philippines Masbate Power Operational Electricity Divestiture 100 0 13 MW .. DM Consunji Inc. (100%, Generation Philippines) 34 Philippines Magat Hydroelectric Operational Electricity Divestiture 100 530 360 MW Aboitiz Equity Ventures (50%, Plant Philippines), SN Power (50%, Norway) 35 Philippines Cebu Coal-Fired Construction Electricity Greenfield 100 300 200 MW .. Korea Electric Power Company Power Plant project (BOO) (KEPCO) (60%, Republic of Korea), Salcon Bhd (40%, Malaysia) 36 Vietnam Xiaozhong River Construction Electricity Greenfield .. 28.68 22 MW .. China Southern Power Grid Hydropower Station project (BOT) Corporation (..%, China) 37 Vietnam Thac Mo Hydropower Operational Electricity Divestiture 20 59 150 MW .. Others (..%, ..) Company 38 Vietnam Ninh Binh Thermal Operational Electricity Divestiture 31.8 7.3 100 MW .. Others (..%, ..) Power Company 39 Vietnam Ba Ria Thermal Operational Electricity Divestiture 20 12 388 MW .. Others (..%, ..) Power Company Europe and Central Asia Investment Private commitment Capacity Contract Project Sub- equity (US$ size and period Country Project name status sector Type of PPI (%) millions) type (years) Main sponsors 1 Bosnia and Stanari Thermal Power Construction Electricity Greenfield 100 800 410 MW 30 Energy Financing Team (EFT) (100%, Herzegovina Plant project (BOT) United Kingdom) 2 Bulgaria Ruse Thermal Power Plant Operational Electricity Divestiture 100 117 400 MW ... Mechel (49%, Russian Federation), Holding Slovenske Elektrarne (HSE) (51%, Slovenia) 3 Bulgaria Slanchev Briag Electricity Operational Electricity Divestiture 100 32 3,000 .. Energie Versorgung Niederosterreich Distribution Company connections (EVN) AG (100%, Austria) 4 Georgia Zahesi Hydropower Plant Operational Electricity Divestiture 100 41 42 MW .. Bonaser Trading Limited (100%, Georgia) 5 Georgia Chkhori and Kinkisha Operational Electricity Divestiture 73.9 1.9 6 MW .. Bonaser Trading Limited (74%, Hydropower Plants Georgia) 6 Georgia United Energy Distribution Operational Electricity Divestiture 100 138.8 875,000 .. Energo-Pro a.s. (100%, Czech Company of Georgia connections Republic) (UEDC) and Distribution Company of Adjara (EDCA) 7 Georgia Energo-Pro Hydro Plant Operational Electricity Divestiture 100 276 361 MW .. Energo-Pro a.s. (100%, Czech (Lajanuri, Rioni, Gumati, Republic) Shaori, Dzevrula, and Ats) 8 Romania Romanian Gas Operational Natural gas Divestiture 10 2,600 12,200 km .. .. Transmission Company (Transgaz) 7 9 Russian Wholesale Generating Operational Electricity Divestiture 70 5,700 8,630 MW .. E.ON (70%, Germany) Federation Company OAO OGK-4 10 Russian Wholesale Generating Operational Electricity Divestiture 64.8 4,034 8,500 MW .. Norilsk Nickel (65%, Russian Federation Company OAO OGK-3 Federation) 11 Russian Kozhukhovo Power Plant Construction Electricity Greenfield 100 500 340 MW 49 The Zorlu Group (51%, Turkey), Invar Federation project (BOT) International Inc. (49%, United States) 12 Russian Tereshkovo Power Plant Construction Electricity Greenfield 100 500 340 MW 49 Invar International Inc. (49%, United Federation project (BOT) States), The Zorlu Group (51%, Turkey) 13 Russian Kuzbass Energy Sales Operational Electricity Divestiture 72 44 2,855,000 .. Mechel (72%, Russian Federation) Federation Company ­ connections KuzbassEnergoSbyt 14 Russian Sverdlov Energy Sales Operational Electricity Divestiture 49 44.6 1,293,000 .. Integrated Energy Systems Holding Federation Company ­ connections (IES) (49%, Russian Federation) SverdlovEnergySbyt 15 Russian Orenburg Energy Sales Operational Electricity Divestiture 100 42.6 725,000 .. Integrated Energy Systems Holding Federation Company ­ connections (IES) (100%, Russian Federation) OrenburgEnergoSbyt 16 Russian Territorial Generating Operational Electricity Divestiture 75 450 2,467 MW .. Integrated Energy Systems Holding Federation Company TGK-5 (IES) (41%, Russian Federation) 17 Russian Nizhegorod Energy Sales Operational Electricity Divestiture 100 79 1,300,000 .. Depository Clearing Company (DCC) Federation Company ­ connections (32%, Russian Federation), Nizhnovenergosbyt Transneftservice-S LLC (49%, Russian Federation) 18 Russian Kirov Energy Sales Operational Electricity Divestiture 100 12 640,000 .. Wilmington Investments Limited (18%, Federation Company ­ OAO connections Russian Federation), Integrated Energy KirovEnergoSbyt Systems Holding (IES) (48%, Russian Federation) 19 Russian Perm Energy Sales Operational Electricity Divestiture 100 51 3,000,000 .. Integrated Energy Systems Holding Federation Company ­ connections (IES) (36%, Russian Federation), PermEnergoSbyt Center Nadezhnosti (49%, Russian Federation) 20 Russian Territorial Generating Operational Electricity Divestiture 57.9 304 4,407 MW .. Siberian Coal Energy Company (SUEK) Federation Company-12 (TGK-12) (44%, Russian Federation) 21 Russian Taimyrenergo OAO Operational Electricity Divestiture 100 271 1,041 MW .. Norilsk Nickel (100%, Russian Federation Federation) 22 Turkey Gaziantep Gas Distribution Construction Natural gas Greenfield 100 60 .. 30 The Zorlu Group (100%, Turkey) Company project (BOO) 23 Turkey Trakya Gas Distribution Construction Natural gas Greenfield 100 1.9 .. 30 The Zorlu Group (100%, Turkey) Company project (BOO) 8 Latin America and the Caribbean Investment Private commitment Capacity Contract Project Sub- equity (US$ size and period Country Project name status sector Type of PPI (%) millions) type (years) Main sponsors 1 Brazil Foz do Chapeco Construction Electricity Greenfield 51 1,258.1 855 MW 35 CPFL Energia (51%, Brazil) Hydroelectric Power Plant project (BOT) 2 Brazil Estreito Hydroelectric Construction Electricity Greenfield 100 1,858.9 1,087 MW 35 Companhia Vale do Rio Doce SA Power Plant project (BOT) (CVRD) (30%, Brazil), SUEZ (40%, France), Alcoa (26%, United States) 3 Brazil Veneto Small Hydroelectric Construction Electricity Greenfield 100 61.1 28 MW .. Bolognesi Group (100%, Brazil) Plant project (BOO) 4 Brazil Da Ilha Small Hydroelectric Construction Electricity Greenfield 100 56.8 26 MW .. Bolognesi Group (100%, Brazil) Plant project (BOO) 5 Brazil Retiro Baixo Hydroelectric Construction Electricity Greenfield 51 150.3 82 MW 30 .. Plant project (BOT) 6 Chile Charrua Temuco Construction Electricity Greenfield 100 68 204 km 23 Alusa (51%, Brazil), Companhia Transmission Line project (BOT) Energetica de Minas Gerais (CEMIG) (49%, Brazil) 7 Chile La Confluencia Construction Electricity Greenfield 100 334 158 MW .. Pacific Hydro Pty Limited (PHL) (50%, Hydroelectric Plant project (BOO) Australia), SN Power (50%, Norway) 8 Colombia Hidroprado Hydroelectric Operational Electricity Divestiture 87 103.4 52 MW .. Union Fenosa (87%, Spain) Plant 9 Colombia Isagen SA Operational Electricity Divestiture 19.9 284.8 2,182 MW .. Others (..%, ..) 10 Guatemala Xacbal Hydroelectric Plant Construction Electricity Greenfield 100 226.8 94 MW .. Grupo Terra (100%, Honduras) project (merchant) 11 Mexico Norte I Combined Cycle Construction Electricity Greenfield 100 400 450 MW 25 Union Fenosa (100%, Spain) Plant project (BOO) 12 Nicaragua Eolico Amayo Wind Farm Construction Electricity Greenfield 100 95 40 MW .. Centrans Energy Services (45%, project (BOO) Guatemala), Arctas Capital Group LP (45%, United States) 13 Panama Santa Fe Wind Farm Construction Electricity Greenfield 100 150 81 MW .. Santa Fe Energy SA (100%, Panama) project (BOO) 14 Panama Changuinola Hydroelectric Construction Electricity Greenfield 83 320 223 MW .. AES Corporation (83%, United States) Plant project (BOO) 15 Peru El Platanal Hydroelectric Construction Electricity Greenfield 100 220 210 MW .. Cementos Lima SA (60%, Peru), Plant project (BOO) Cemento Andino SA (30%, Peru) 9 Middle East and North Africa Investment Private commitment Capacity Contract Project Sub- equity (US$ size and period Country Project name status sector Type of PPI (%) millions) type (years) Main sponsors 1 Egypt, Arab East Mediterranean Gas Operational Natural gas Greenfield 90 469 88 km .. Mediterranean Gas Pipeline Limited Rep. Pipeline Company (EMG) project (BOO) (28%, Arab Republic of Egypt), PTT Public Company Ltd. (25%, Thailand), Merhav Group (25%, Israel) 2 Jordan Central Electricity Operational Electricity Divestiture 51 120 1,700 MW .. Dubai Holding (34%, United Arab Generating Company Emirates) (Cegco) 3 Jordan AES Jordan PSC Construction Electricity Greenfield 100 300 370 MW .. Mitsui (40%, Japan), AES Corporation project (BOO) (60%, United States) 4 Iraq Erbil Power Plant Construction Electricity Greenfield .. 650 500 MW 15 project (BOT) 5 Oman Barka II Power and Construction Electricity, Greenfield 100 600 678 MW .. SUEZ (48%, France), Mubadala Desalination Facility treatment project (BOO) Development Company (48%, United plant Arab Emirates) South Asia Investment Private commitment Capacity Contract Project Sub- equity (US$ size and period Country Project name status sector Type of PPI (%) millions) type (years) Main sponsors 1 India Nigrie Thermal Project Construction Electricity Greenfield 100 1,250 1,000 MW .. Jaiprakash Associates Limited (100%, project (BOO) India) 2 India Alaknanda Hydro Electric Construction Electricity Greenfield 100 375 300 MW 45 GMR Group (100%, India) Power Project project (BOT) 3 India Kamalanga Thermal Power Construction Electricity Greenfield 100 1,053 1,050 MW .. GMR Group (100%, India) Plant project (BOO) 4 India Shrinagar Hydro Electric Construction Electricity Greenfield 100 517.25 330 MW 45 GVK Group (100%, India) Project project (BOT) 5 India Teesta VI Hydro Electric Construction Electricity Greenfield 74 750 500 MW 35 Lanco Group (74%, India) Project project (BOT) 6 India Chuzachen Hydro Power Construction Electricity Greenfield 74 112.19 99 MW 35 Gati Infrastructure (74%, India) Project project (BOT) 7 India Teesta III Hydro Electric Construction Electricity Greenfield 63 1,426.38 1,200 MW 35 Teesta Urja Limited (63%, India) Project project (BOT) 8 India Rosa Thermal Power Construction Electricity Greenfield 100 675.5 600 MW .. Reliance ADA Group (100%, India) Project project (BOO) 10 9 India Anpara C Thermal Power Construction Electricity Greenfield 100 1,100 1,200 MW .. Lanco Group (100%, India) Station project (BOO) 10 India Ratnagiri Power Project Construction Electricity Greenfield 100 1,125 1,200 MW .. JSW Energy (100%, India) project (BOO) 11 India Raj West Power Limited Construction Electricity Greenfield 100 1,250 1,080 MW .. JSW Energy (100%, India) Phase I project (BOO) 12 India East-West Gas Pipeline Construction Natural gas Greenfield 100 125 1,440 km .. Reliance Industries Limited (RIL) project (BOO) (100%, India) 13 India Power Grid Corporation of Operational Electricity Divestiture 13.6 728 67,000 km .. Others (..%, ..) India Limited (PGCIL) 14 India Khandke Wind Farm Construction Electricity Greenfield 100 67 50 MW .. China Light and Power Ltd. (50%, Hong project (BOO) Kong, China), Hydro Tasmania (50%, Australia) 15 Pakistan Attock General Limited Construction Electricity Greenfield 100 148.6 165 MW 25 Attock Oil Company Ltd. (AOC) (100%, Power Project project (BOT) United Kingdom) 16 Pakistan Foundation Power Construction Electricity Greenfield 100 200 175 MW 25 Fauji Foundation (100%, ..) Company Daharki project (BOO) 17 Pakistan Sapphire Power Project Construction Electricity Greenfield 100 185 225 MW 25 Xenel Industries Ltd. (..%, Saudi project (BOO) Arabia), Sapphire Group (..%, Pakistan) 18 Pakistan Saif Power Project Construction Electricity Greenfield 100 200 225 MW 25 Saif Group (100%, Pakistan) project (BOO) 19 Pakistan Atlas Power Project Construction Electricity Greenfield 100 150 225 MW 25 Atlas Group (100%, Pakistan) project (BOO) Sub-Saharan Africa Investment Private commitment Capacity Contract Project Sub- equity (US$ size and period Country Project name status sector Type of PPI (%) millions) type (years) Main sponsors 1 Gabon Aggreko Bellevue and Operational Electricity Greenfield 100 0 30 MW .. Aggreko Plc (100%, United Kingdom) Owendo Power Plant project (rental) 2 Ghana Osagyefo Power Barge Construction Electricity Concession 100 100 125 MW 20 Balkan Energy Company (100%, United States) 3 Nigeria Egbin Power Plant Operational Electricity Divestiture 51 280 1,320 MW .. Korea Electric Power Company (KEPCO) (16%, Republic of Korea), Energy Resources Limited (36%, United Kingdom) 4 Sierra GTG Freetown 15-MW Operational Electricity Greenfield 100 1.18 15 MW 1 Global Trading Group NV (GTG) Leone Emergency Power project (rental) (100%, Belgium) 5 Uganda Bujagali Hydro Project Construction Electricity Greenfield 88.3 799 250 MW 30 Sithe Global Power (58%, United project (BOT) States), Aga Khan Fund (31%, Switzerland) 6 Uganda Aggreko Mutundwe Thermal Construction Electricity Greenfield 100 11.8 50 MW 3 Aggreko Plc (100%, United Kingdom) Plant Project project (rental) 11