TXF in depth

Cote d’Ivoire CCGTs: Still a tale of pure DFI debt – for now
Cote d’Ivoire CCGTs: Still a tale of pure DFI debt – for now
Niamh Curran
23 March 2020

The purely DFI-backed 462MW Azito gas-fired power plant expansion in Cote d’Ivoire and its successor – the 390MW Atinkou CCGT plant - proves DFI financing firepower is still the only weapon in project sponsors’ financial arsenal to get such large-scale IPPs across the line. But when will ECAs and banks join the funding mix?

Keynote: SERV’s CEO thinking outside the box
Keynote: SERV’s CEO thinking outside the box
Katharine Morton
3 February 2020

What does being a modern ECA mean? Peter Gisler, CEO of SERV has strong views on the Swiss ECA’s ability to be proactive, flexible and to think outside the proverbial box of options available. Nonetheless, it isn’t always an easy path. Gisler shares his thoughts with TXF.

Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Keynote: Wartsila’s Back on the future of financing flexible power, rain or shine
Katharine Morton
27 January 2020

Andreas Back, senior manager, financial services at Wartsila goes in depth with TXF to discuss financing sustainable power in a market that still needs backups when the sun is not shining and the wind is not blowing, his competition, his dealings with ECAs and DFIs and also the changes in marine finance. How does it work when your niche is being niche?

TXF Originals

Meghnaghat 2 financing closed
7 January 2021

The project financing for the Meghnaghat 2 power project in Bangladesh reached financial close on 23 December 2020. Sponsored by Summit Power (80%) an...

Qatar invites rebids for upsized Facility E IWPP
7 January 2021

Qatar General Electricity & Water Corporation (Kahramaa) has invited revised bids from prospective developers on its 3 billion Facility E IWPP aft...

VAPCO signs coal-fired plant financing
4 January 2021

Sponsors of the 1.32GW $2.2 billion Vung Ang 2 ultra-supercritical coal-fired power project in Vietnam – Japanese trading house Mitsubishi Corpo...

Trailstone closes €150m multi-currency secured revolver
15 December 2020

UK-based gas and power trader Trailstone Renewables has secured a one-year €150 million secured revolving credit facility, with an option for the...

UTE GNA II LNG-to-power financing signed
10 December 2020

The debt backing the BRL6.042 billion ($1.1 billion) UTE GNA II 1.7GW LNG-to-power project in Brazil signed on 30 November. Sponsored by Prumo Logisti...

TXF Data

Commodity Trade Finance Lender 2020

Bank USDm No %
1 Société Générale 5670m 50 6.4%
2 ING Bank 5308m 61 6%
3 JP Morgan 4857m 11 5.5%
4 BNP Paribas 4781m 39 5.4%
5 MUFG Bank 3878m 30 4.4%
6 Sumitomo Mitsui Banking Corporation (SMBC) 3761m 25 4.2%
7 Crédit Agricole CIB 3702m 31 4.2%
8 Natixis 3386m 41 3.8%
9 Rabobank 3185m 41 3.6%
10 Mizuho 3148m 24 3.5%

TXF Podcast

Song of the day

Marvin Gaye
Got To Give It Up
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