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16 October 2018

Bechtel elects new board member and appoints new CFO

US-based engineering, procurement and construction (EPC) group Bechtel has elected veteran executive Mary McLaughlin, who leads EPC Functions, to the Bechtel Group board...

16 October 2018

EBRD appoints Bruno Balvanera as MD for Central Asia

The European Bank for Reconstruction and Development has appointed Bruno Balvanera as its new Managing Director, Central Asia. Balvanera, who will be based in Astana,...

16 October 2018
in
Infrastructure, Transport

Romania set to launch Ploiesti-Brasov highway PPP

The Romanian prime minister has announced that the tender for the Ploiesti-Brasov highway will be launched this week as a PPP.  The Government hopes to sign the...

16 October 2018
in
Oil & gas

Anadarko signs LNG supply deal with Tohoku Electric

US-based oil and gas group Anadarko, which operates Mozambique's offshore Area 1, has signed a Sale and Purchase Agreement with Japan's Tohoku Electric Power...

16 October 2018
in
Renewables

SECI halves capacity for wind-solar hybrid tender

The Solar Energy Corporation of India (SECI) has made amendments to its tender for 2.5GW of ISTS-connected wind-solar hybrid power projects. It is now looking to procure...

16 October 2018

Saudi-ICD halts plan for $1bn fund with crisis-hit IL&FS

The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) has halted plans for a $1 billion fund with India's Infrastructure Leasing and...

16 October 2018
in
Renewables

European offshore wind: Solving the zero-subsidy wind conundrum

Two recent European offshore wind financings – Borssele III and IV and Hornsea 1 – demonstrated growing bank and institutional investor appetite for two different sets of...

16 October 2018

Mastercard, Zoho team up for Indian SME services

Small and medium-sized enterprise cloud solutions provider Zoho is reportedly teaming up with Mastercard in India to provide holistic accounts receivable...

16 October 2018
in
Power

Eversheds Sutherland hires Ginger Faulk to global trade and energy practice

Eversheds Sutherland has hired Ginger Faulk to its Energy & Infrastructure Practice Group as a partner in the Washington DC office to strengthen its US international...

16 October 2018
in
Power

Entergy refinances RCF and ups tenor

US integrated energy company Entergy has extended the maturity of its $4.15 billion revolving credit facility by one year – resetting with a five-year tenor...

16 October 2018

China Development Bank opens office in Minsk

China Development Bank has opened an office in Minsk to help intensify Belarus-China cooperation and facilitate the implementation of new large-scale projects in economy,...

16 October 2018

Anglo-Gulf Trade Bank joins trade finance network Marco Polo

UAE-based Anglo-Gulf Trade Bank has joined the Marco Polo Network, an initiative using the TradeIX platform and R3's Corda platform to reduce costs, risks and improve...

16 October 2018
in
Metals and Mining

Centerra sells Mongolia mine and project for US$35m

Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for US$35 million. The company's Mongolia assets include the Boroo...

16 October 2018

Scorpio Bulkers agrees deal to fit $1.5m-$2m scrubbers on vessels

Scorpio Bulkers has agreed letters of intent with suppliers, engineering firms, and ship repair facilities to cover the purchase and installation of exhaust gas cleaning...

16 October 2018

EBRD brings Trade Ready to Georgia to boost SMEs

Trade Ready, a new European Bank for Reconstruction and Development trade support initiative, has been introduced in Georgia to benefit the country's small and...

16 October 2018
in
Oil & gas

Azerbaijan's Southern Gas Corridor to secure final $2bn of funding by end of year

Azerbaijan's Southern Gas Corridor CJSC – rated Ba2 by Moody’s and 51% owned by the Ministry of Economy of Azerbaijan Republic with SOCAR holding the...

15 October 2018
in
Infrastructure, Waste and water

Salalah IWP reaches financial close

On 18 September the $134 million Salalah independent water project (IWP) in Oman reached full financial close. Sponsored by ACWA Power (50%), Veolia (35%) and Dohofar...

15 October 2018

Reed Smith hires trade and commodity finance specialist Omar Al-Ali

Reed Smith has hired Omar Al-Ali as a partner in its Energy and Natural Resources Industry Group in London. He specialises in structured trade and commodities finance,...

15 October 2018
in
Infrastructure, Waste and water

MWPV awarded $28m water concession in Tanauan

Manila Water Co. Inc has disclosed to the stock exchange that its subsidiary Manila Water Philippine Ventures Inc (MWPV) has received the notice of award from the...

15 October 2018
in
Oil & gas

Engie, Caisse to bid $9bn for Petrobras gas pipeline network

France's Engie and Canadian pension fund Caisse de Depot et Placement du Quebec plan to offer as much as $9 billion (BRL34 billion) for Petrobras's natural gas...