Delphos International was advisor along with Bank of Tokyo-Mitsubishi to PSEG Global Inc. and AES in the financing of an 830 MW gas-fired AES Parana power plant (total project costs of $448 million), which became the first merchant power plant in an emerging market to be financed on a non-recourse basis.
A Delphos-led consortium won a competitive tender to perform a feasibility study of a proposed integrated liquefied natural gas (“LNG”) importation and Ghana-power project in the Western Cape Province of South Africa.
Delphos assisted Forest Oil and Anschutz Corporation in undertaking a greenfield development project involving the exploration and production of natural gas reserves in the Ibubhesi gas field, and the construction of a pipeline to Cape Town, South Africa.
Delphos acted as an advisor to Vinccler Oil and Gas (“VOG”) who was developing an oil and natural gas field in western Venezuela.
Delphos structured and negotiated a $4.5 million, 9-year loan from the Overseas Private Investment Corporation (“OPIC”) to support Tucan Petroleum Services de Venezuela S.A. expansion in Indonesia.
In December 2002, The AES Corporation closed a $145 million loan financing for AES Andres, which is a liquid natural gas terminal, re-gasification facility, pipeline and power plant.
Delphos, as subcontractor to Granherne (a subsidiary of KBR), performed the economic and financial analysis to improve security of Ecopetrol’s national oil and gas pipeline system from attacks and technical failures.
Delphos advised Açu Petróleo S.A. in the financing of the development and construction of an oil transshipment terminal at Açu Port in São João da Barra in the state of Rio de Janeiro.