Projects - Weekly snapshot

Publicado el 14/08/2017

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, August 08th to Monday, August 14th, 2017

SPOTLIGHT

Gran Tierra Energy Inc. is evaluating the sale of its oil assets in the the Peruvian amazon, with a total value of US$ 81 million

The Canadian oil company Gran Tierra Energy Inc. is evaluating different strategic options in respect to the oil assets it maintains in the Peruvian amazon. Among the options considered by the company are the division or corporate spin-off, the association with third parties, the development of such assets or the sale thereof.

The objective of the company is to maximize the value of these assets that currently stands at US$ 81 million as reported. To date, Gran Tierra owns the 95, 123 and 129 oil lots, all of which are located in the central forest of Peru, which show little advance in their exploitation due to the problems that the locations have presented.

The Board of Creditors of Doe Run Perú will meet on August 15th and 18th to decide on the modification to the guidelines for the sale of the company's assets

The Board of Creditors of the company Doe Run Perú must meet on August 15th and 18th with the purpose of approving the necessary modifications to the guidelines for the sale of the company's assets, by which the complex of La Oroya and the Cobriza mine would be sold separately and no longer simultaneously.

These amendments will have to be ratified by the board in September, when the new guidelines and the value of the assets included in the sale process are going to be approved. The estimated value of the La Oroya complex is determined at US$ 336 million, while the value of the Cobriza mine is determined at US$ 70.7 million. As long as there are no upcoming auctions considered, the government is preparing the extension of the term of administration of the company for an additional year.

MONDAY 14

  • Pluspetrol is awaiting the approval of the environmental file for the implementation of modifications in its gas compression plant, a project with an estimated investment of US$ 120 million (Gestión).

  • HPO Corp announced plans for the construction of a fuel terminal in Lurín, Lima (Gestión).

  • Gran Tierra Energy Inc. is evaluating the sale of its oil assets in the the Peruvian amazon, with a total value of US$ 81 million (Gestión).


SUNDAY 13

  • The office of the General Comptroller of the Republic finds necessary that the opinions that it issues in the exercise of the previous control of mega infrastructure projects are considered binding (Gestión).


SATURDAY 12

  • 27 infrastructure investment projects were presented during the forum "Amazonía Invierte" organized by ProInversión (Gestión).


FRIDAY 11

  • Enel Distribución Perú announced the initiation of operation of the electrical transmission substation "Filadelfia", which construction required an investment of US$ 20 million (Gestión).

  • Pecsa announced the investment of US$ 55 million in the construction of a storage terminal in Mollendo (Arequipa) and US$ 80 million for the construction of a similar terminal in Conchán (Lima) (Gestión).

  • The government announced that US$ 2,750 million in contracts will be awarded during the period 2017 - 2018 for infrastructure works under the National Reconstruction Plan (Gestión).


THURSDAY 10

  • The hydroelectric company Cerro del Águila -a subsidiary of the Israeli group Inkia Energy- issued bonds for US$ 650 million to refinance the debt acquired for the construction of its 525 megawatt energy plant (Gestión).

  • The Ministry of Transport and Communications announced that the Peru - Brazil railway project would have an extra cost of US $ 6.4 billion due to the proposed route by the Peruvian government (Gestión).


WEDNESDAY 09

  • Intercorp is in the search of real state properties in Tacna for the development of a shopping center project, with an estimated investment over US$ 46 million (Gestión).

  • Odebrecht informed that it intends to close the sale of its participation in the "Chavimochic III" project within the next 45 days (Gestión).


TUESDAY 08

  • According to Mauricio Cruz, president of Odebrecht Latinvest, the company expects to close the sale of the Chaglla hydroelectric project in the coming days (Gestión).

  • The Board of Creditors of Doe Run Perú will meet on August 15th and 18th to decide on the modification to the guidelines for the sale of the company's assets (Gestión).

  • The Ministry of Transport and Communications announced that this week will be resuming the construction works of the project "Line 2 of the Metro of Lima and Callao" (Gestión).


To access our INFRASTRUCTURE MONTHLY BULLETIN, click here

If you need more information, please contact Milagros Maraví (mmaravi@rubio.pe) or Carlos Arata (carata@rubio.pe)