Nedbank Capital recently scooped three prestigious awards at the 2012 Project Finance Deal of the Year Awards held in London at the luxurious Grand Connaught Hotel. These awards included the African Wind Deal of the Year, African Oil and Gas Deal of the Year, and the EMEA Oil and Gas Deal of the Year.
For the last 14 years, the Project Finance Deal of the Year Awards have recognised innovation, deal repeatability, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects, large and small.
Head of Infrastructure, Energy and Telecoms at Nedbank Capital, Mike Peo said, “We are delighted to have been presented with these prestigious awards and to be recognised by the international community for the outstanding work we do. Our team continues to work extensively on structuring prudent deals in a timeous and efficient manner. We constantly strive to meet and where possible, exceed the expectations of our clients.”
Only the best 300 to 350 deals entered
All deals considered for the Project Finance Deal of the Year Awards are vetted by a team of journalists and shortlisted via a weighting system based on the categories above. The shortlist is debated by the team and various industry contacts, where the best 300 to 350 deals are entered for awards.
These awards are based on a Euromoney Publications flagship infrastructure finance title named the Project Finance Magazine and incorporate the following facts:
EMEA Oil & Gas Deal of the Year 2012 – Tamar: This deal lays the foundations for future financings of Israeli gas projects, but it is also notable for its hybrid structure. The Tamar field’s sponsors are Noble Energy (36%, also operator), Isramco Negev 2 (28.75%), Delek Group (31.24%) and Alon Group (4%). The gas field is located 90km from Haifa and has an estimated reserve of 8.4 trillion cubic feet of gas. The sponsors have signed a 15-year off take agreement of 2.7 billion cubic meters per year.
African Wind Deal of the Year 2012: Dorper Wind: Dorper was one of the first deals in the initial round of the South African renewables programme to close, and was also one of the biggest in terms of power generating capacity. What made it really stand out from other wind projects in the programme, however, was its use of an ECA component.
African Oil & Gas Deal of the Year 2012: RDP Funding: Nigeria’s oil industry is waiting for long-promised changes to its legislative framework. The country’s independent producers are slowly building asset bases and lender followings. So the most interesting financing to emerge from the country, and the most interesting financing to emerge from the African upstream sector, was the $1.5 billion financing for the 2012 drilling programme of the Nigerian National Petroleum Corporation/ExxonMobil joint venture.
For more information visit www.nedbankcapital.co.za.