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28 November 2018
in
Power, Transport

ESC signs up anchor customer for 1GW NY transmission line

The oneGRID-owned Corp Empire State Connector Corp (ESC) has secured a Letter of Interest (LOI) from a major unnamed customer for capacity on its proposed Utica to...

28 November 2018

Coface: French SMEs see rise in number of insolvencies

In the third quarter of 2018, after two years of improvement, French companies experienced a reversal of the trend with the number of insolvencies increasing by +2.3%...

28 November 2018

WTO analyses potential impact of Blockchain on global trade

The World Trade Organization has launched a new publication which seeks to analyse the capacity of Blockchain to transform world trade. The publication entitled...

28 November 2018

Puerto Rico set to reduce development bank's debt

Puerto Rico is poised to restructure the Government Development Bank's debt by exchanging its bonds for $2.6 billion of new securities, the first such debt swap for...

28 November 2018
in
Metals and Mining

Dongying Lufang Metals closes $275.5m pre-pay

Dongying Lufang Metals Material Company has closed a three-year $275.5 million pre-payment facility. The loan will be used for working capital...

28 November 2018

Brexit and late payments top concerns of SMEs

Small and medium-sized enterprises have seen their confidence drop by 20% since last year, with uncertainty around Brexit and an increase in late payments having the most...

28 November 2018
in
Metals and Mining

Tacora secures $212m cash to restart Scully mine

Minnesota-based Tacora Resources has secured the needed cash to restart the Scully iron ore mine at Wabush, Newfoundland. Funds are available from a $212 million...

28 November 2018

WTO signals further loss of momentum in trade growth into Q4

Trade growth is likely to slow further into the fourth quarter of 2018, according to the WTO’s latest World Trade Outlook Indicator. The most recent WTOI reading...

28 November 2018
in
Infrastructure, Transport

AfDB seals $322m loan for Burundi and Tanzania road upgrades

The African Development Bank has approved $322 million in loans to Burundi and Tanzania, mostly for road upgrades. A major component of the package is paving a 260km...

28 November 2018
in
Infrastructure, Waste and water

ADB agree $38m loan for Kyrgyz Republic irrigation project

The Asian Development Bank (ADB) has approved $38.6 million in development financing to help modernize irrigation systems, improve agriculture and land management,...

28 November 2018
in
Renewables

Hornsea 1 offshore wind reaches financial close

The £3.6 billion ($4.6 billion) EKF-backed financing to support Global Infrastructure Partners' (GIP) buy-in to the Hornsea 1 offshore wind project in...

28 November 2018

Finding sense and sensibility in global commodities

Making sense of the bigger picture of the state of the global commodity markets is no easy task. But here, Jonathan Bell meets up with a long-time friend and real...

27 November 2018

Shop talk: New Citi export head looks to partnerships, not pricing

Soon to make the move to New York from his current base in Dubai, Ahmet Bekçe, the newly appointed head of global export and agency finance origination in Citi’s Trade...

27 November 2018
in
Oil & gas

Venezuela rejected BP bid to buy Total's stake in gas block

Venezuela's oil ministry last month turned down a proposal by BP to buy Total's stake in a promising but inactive natural gas project along the maritime border...

27 November 2018
in
Renewables

EDF and Canadian Solar secure $373m for Pipapora Solar Complex

The 399MW Pirapora solar complex in Brazil, jointly-owned by EDF Renewables (80%) and Canadian Solar Inc (20%), has raised BRL1.39 billion Brazilian ($373...

27 November 2018
in
Renewables

Gassco and Embridge plan Norway's first offshore wind farm

Norwegian gas system operator Gassco is undertaking a technical study to evaluate a possibile tie-in of the 350MW Havsul 1 offshore wind project to the Nyhamna gas...

27 November 2018
in
Infrastructure, Transport

HCC Concessions plans sale of West Bengal highway project

HCC Concessions is in talks to sell its Bahrampore-Farakka Highway project in West Bengal. The toll road is three-quarters complete and is partly operational....

27 November 2018
in
Renewables

Epuron refinances solar assets with A$22m from Infradebt

Australian renewables developer Epuron has closed a A$22.2 million ($16 million) senior debt facility for solar assets located in the Northern Territory with...

27 November 2018
in
Transport

Ferrovial and PSP Investments emerge as final bidders for GVK Airport stake

Ferrovial and Canada-based Public Sector Pension Investment Board (PSP Investments) have emerged as the final bidders to acquire a majority interest in GVK...

27 November 2018

Herbert Smith Freehills promotes Mark Veitch to Of Counsel

International law firm Herbert Smith Freehills has promoted projects specialist Mark Veitch to Of Counsel. Veitch advises on the structuring, risk analysis,...