Power & Infrastructure Finance

Awards

Browse through a list of our recent project awards

• Pacific Equity Partners

  Pacific Equity Partners - Best Management Buyout over $500 million

  Pacific Equity Partners nominated Investec as a key partner for Energy Developments which won Best Management Buyout over $500 million. Investec IFI was MLA on the subsequent debt refinancing.

• Investec Power & Infrastructure clients win IJ Global awards 2015

  Panda Hummel won ‘IJGlobal’ Merchant Power deal of the year 2015, for its innovative hybrid financing which featured a rare combination of a term loan A and B that provided the transaction resiliency against an otherwise bumpy market.

• Lightsource won ‘IJGlobal’ Sponsor of the year 2015

  Lightsource won ‘IJGlobal’ Sponsor of the year 2015 for completing land mark deals (Windsor) and for engaging in innovate projects.

• IPP Peaking Projects

  IPP Peaking Projects - Africa Power Deal of the Year  

  The Power and Infrastructure Finance team within Investec Corporate and Institutional Banking (“ICIB”) was honoured for their role in facilitating the IPP Peaking Projects, valued at R9.7 billion, as the coordinating mandated lead arranger on the transaction.

  This is the second global deal of the year award for a power project financed by Investec during 2013. Thomson Reuters’ Project Finance International (PFI) awarded the title “Renewable Deal of the Year for the Middle East and Africa region” to the 50MW Bokpoort CSP project led by the ACWA Power consortium. The R5.5 billion project is currently under construction and is located in the Northern Cape. Investec acted as coordinating bank, mandated lead arranger and underwriter for the Bokpoort transaction which has the largest thermal storage for a closed solar plant in South Africa and is expected to generate a record-high of roughly 200GWh per year to South African homes.

  The IPP Peaking Projects are the country’s first two independent large scale power plants. The construction of the two plants commenced in 2013, Avon (670 MW) in KwaZulu Natal and Dedisa (335MW) in the Eastern Cape, and they are expected to come online in 2015 and 2016 respectively. Once operational, the facilities will sell electricity to power utility Eskom for 15 years, as part of the South African government’s Integrated Resource Plan 2010, which aims to double South Africa’s electricity generation capacity from 44 GW and 80 GW by 2030.

  On receiving the award, Robert Gecelter of Investec Power and Infrastructure Finance said, ‘It is an honour to receive the Euromoney African Power Deal of the Year award for the Peakers Projects. This recognises the scale, complexity and extended timeline of the transaction and especially the role Investec played on the deal, having been originally mandated by the lead sponsor, GDF Suez, back in 2007. Investec is pleased to be able to support the expansion of the national grid with these peaking power plants, which is critical for the stability of the South African economy.’

  Robert Gecelter added that Investec’s focus, as a leading player in the power sector, continues to be on creating innovative energy projects not only in South Africa, but across the continent.

• Bokpoort CSP - African Renewable Deal of the Year

  Bokpoort CSP

  Investec acted as Lead Arranger and Underwriter for the Bokpoort CSP project, one of the world's largest CSP projects and, by using a technology with 9.3 hours of thermal storage, is one of the world’s most efficient. The scheme was one of the stand-out deals in the second round of the South African renewable energy independent power project programme (IEIPP). The 50MW, US$550m project in the Northern Cape will be able to deliver power well after sunset given its storage capability – effectively making it a baseload plant, an important new first in the renewables sector and important in South Africa, where power shortages are becoming the norm.

• London Gateway

  London Gateway - European Transport Deal of the Year

  Investec acted as Mandated Lead Arranger and Model Bank, contributing £63 million in senior debt facilities, to finance the construction of London Gateway Port, a £1.2 billion deep-sea container port currently being constructed by on the Thames Estuary by sponsor DP World.

• Chum

  CHUM - Americas - Bond Deal of the year

  Investec acted as financial advisor to the successful Societe en Commandite Sante Montreal Collectif on this project to combine 3 existing hospitals into a single world-class university hospital in downtown Montreal. In particular, Investec developed an innovative financing solution which dealt with a number of complexities, notably the multi-phased, nine year construction period, operations during construction, downtown urban location adjacent to another PPP project site, complex technical scope and limited funding capacity for the project.

• Royal Adelaide Hospital

  Royal Adelaide Hospital

  The largest greenfield hospital project in the Asia-Pacific region in 2011, Royal Adelaide required total funding of A$2.8b and will operate under a 35-yr concession. Once completed, the hospital is expected to be the most technologically advanced and one of the busiest in Australia, with 800 beds and the capacity to service over 80,000 patients per year. The SA Health Partnership consortium achieved financial close in June 2011 and Investec acted as joint lead arranger of the A$2.5b long-term debt funding for the project.”

• McGill University Health Centre project

  McGill University Health Centre project - Gold Medal for Project Financing + North American Social Infrastructure Deal of the Year

  The Canadian Council for Public Private Partnerships awarded the Gold Medal for Project Financing at its November conference to the McGill University Health Centre project. Investec acted as financial adviser to SNC-Lavalin and Innisfree, who were awarded the concession for the redevelopment of this major teaching hospital in Montreal. Investec structured and arranged over C$1.4 billion of funding for the project, including C$764 million of investment grade project bonds.

• Collgar Wind Farm project

  Collgar Wind Farm project - Best Project Finance Deal

  Finance Asia's Deal Achievement Awards included Best Project Finance Deal for the A$750m mio Collgar Wind Farm project.

  As the largest wind project under construction in Australia, the Collgar Wind Farm in Western Australia will provide a significant level of renewable energy generation. The involvement of the Danish export credit agency EKF was an important factor at a time when local bank liquidity was constrained. Investec acted as developer and a debt arranger for the project, with the senior commercial bank debt being provided by ANZ, Commonwealth Bank of Australia, National Australia Bank, Westpac, and West LB.

• Bayonne

  Bayonne - North American Power Deal of the Year

  As Joint Lead Arranger and Joint Bookrunner, Investec provided US$65m of the senior debt facilities.

• Surrey Street Lighting

  Surrey Street Lighting - Best Public Procurement Project in 2010

  Surrey County Council won this category for a streetlight buying strategy that has saved it hundreds of thousands of pounds a year.

  Judges Comments:

  "The whole cost of the project was less than the current maintanance bill. There are huge benefits for stakeholders and it's good for the prevention of crime and disorder."