TXF in depth

After GNA 1: Will banks turn up the Brazilian LNG-to-power funding tap?
After GNA 1: Will banks turn up the Brazilian LNG-to-power funding tap?
Rob Dwyer
14 October 2019

Following the recent financial close on GNA 1, and the Sergipe project the previous year, is the Brazilian LNG-to-power sector ready for commercially banked deals with little or no DFI and ECA support? Some DFIs believe so, but GNA 2 will be the real test.

Grand Eweng: Controlled flow or flood?
Grand Eweng: Controlled flow or flood?
Oliver Gordon
14 August 2019

Nachtigal set the financing template for hydro in Cameroon in late 2018. Now a very ambitious project more than four times the size of Nachtigal is underway, but is it too much too soon in terms of of bankability?

Al Dur 2: A Saudi nightmare on ECA street
Al Dur 2: A Saudi nightmare on ECA street
Max Thompson
13 August 2019

The $1.5 billion Al Dur 2 independent water and power project (IWPP) financing achieved a record length tenor for an uncovered local bank tranche, an indirect benefit of ECA support. But according to sources close to the deal, Saudi Exim’s direct loan debut proved a ‘nightmare’ to structure.

TXF Originals

Southwest Generation closes on Mankato Energy Center acquisition financing
31 July 2020

Southwest Generation – via special purpose vehicle MEC Holdings – has reached financial close on $496.4 million of debt to part finance it...

Pemcorp gas-fired plant refi to sign next month
30 July 2020

Arroyo Energy is expected to refinance the DFI-backed debt package stapled to the 131MW Pemcorp simple-cycle gas-fired project in Mexico. Financial cl...

Jawa 9 and 10 debt signed
16 July 2020

Sponsors of the 2x1000MW Jawa 9 and 10 ultra-supercritical coal-fired power project in Indonesia – PLN-owned Indonesia Power (51%), Barito Pacif...

Moody's upgrades PG&E suppliers
10 July 2020

The emergence of PG&E from bankruptcy has ended the uncertainty over whether it would honour PPAs signed with a range of power suppliers. Moody&rs...

Cameroon extends RFQ deadline for gas-fired plant
8 July 2020

The RFQ deadline for prospective developers for the 350MW Limbe gas-fired power plant project in Cameroon has been extended to 10 August by the countr...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 4857m 11 7.8%
2 BNP Paribas 4662m 24 7.5%
3 Société Générale 3670m 21 5.9%
4 ING Bank 3181m 30 5.1%
5 MUFG Bank 2837m 18 4.6%
6 Sumitomo Mitsui Banking Corporation (SMBC) 2517m 15 4%
7 Credit Agricole CIB 2444m 15 3.9%
8 Mizuho 2405m 15 3.9%
9 HSBC 2019m 13 3.2%
10 UniCredit 1868m 13 3%

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