First Gen unit aims to complete two geothermal projects by next year msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
KKR closes fourth Asia buyout fund at record $15b
REUTERS/Brendan McDermid
April 6, 2021
Private equity giant KKR & Co announced that it had closed its fourth Asia-focused buyout fund at $15 billion, the largest PE fund dedicated to investing in the Asia Pacific region.
KKR Asian Fund IV exceeded its $12.5-billion target and also surpassed the record $10.6 billion raised by Hillhouse Capital Group for Asia in 2018. KKR said it will be investing approximately $1.3 billion in capital alongside fund investors through the firm and its employees’ commitments.
The fund received strong support from a diverse group of new and existing global investors, including strong representation by Asia Pacific-based investors.
Published April 5, 2021, 6:00 AM
The local stock market is seen to continue falling as COVID-19 cases in the Philippines remain on the uptrend while investors see the CREATE Law as not enough to help listed firms hurdle their pandemic-related problems.
“Next week, we still see a downward bias for the local market as our COVID-19 situation continues to worsen. The continuous surge in our COVID-19 case count is seen to weigh on the market due to its negative impact on consumer and business confidence,” said Philstocks Senior Analyst Japhet Tantiangco.
He added that, “Investors are expected to watch out for the government’s decision on the quarantine measures in the NCR plus after April 4. The rising pace in the daily increase of COVID-19 cases however raises the possibility that the enhanced community quarantine will be maintained.”
ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE
Gain valuable insight into the global oil and gas industry s energy transition from
An FSRU is a vessel capable of storing LNG and which has an onboard regasification plant that can supply gaseous volumes directly into a gas distribution network. A typical FSRU has storage capacity of between 125,000 and 170,000 cubic metres.
The BW Paris will allow FGEN to import LNG into the Philippines as early as the third quarter of 2022 to serve the natural gas requirements of existing and future gas-fired power plants of its affiliate companies and third parties.
The vessel has storage capacity of 162,400 cubic metres and respective nominal and peak send-out capacities of 500 million and 750 million cubic feet per day of gas.