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23 February 2018
in
Renewables

Turkey planning 1GW of wind and solar tenders in summer

Turkish Energy Minister has stated that tenders for 1GW of wind and solar capacity are being prepared and should be finalised before summer as part of the country's...

23 February 2018

Punjab National Bank scam shouldn't stop trade finance

Some banks have reportedly clamped down on trade finance following the scam at the Punjab National Bank. Heightened vigilance is warranted, but restricting letters of...

23 February 2018

BNP Paribas launches fintech investment fund

BNP Paribas has launched a new investment fund to take direct minority stakes in startups that are reinventing financial services and insurance. The new fund, managed by...

23 February 2018
in
Power

BHEL awarded captive power plant contract at Visakh Refinery

Bharat Heavy Electricals Limited (BHEL) has secured a $159 million captive gas-fired power plant project from Hindustan Petroleum Corporation (HPCL) as part of the...

23 February 2018
in
Infrastructure, Transport

Singapore considers infrastructure debt guarantees

The government of Singapore is considering providing state-owned companies and statutory boards guarantees to encourage investments in large infrastructure projects...

23 February 2018

R3 creates Legal Centre of Excellence for blockchain technolgy

Financial blockchain coalition R3 has assembled a group of ten legal firms - Ashurst, Baker McKenzie, Clifford Chance, Crowell & Moring, Fasken, Holland & Knight,...

23 February 2018
in
Metals and Mining

India to allow private firms to mine coal for commercial use

India will auction coal blocks to private companies in a move that would end restrictions on the sale and use of the fuel after more than 40 years - and end Coal...

23 February 2018
in
Renewables

Canadian Solar completes UK solar portfolio sale to Greencoat

Canadian Solar has completed the sale of a 142MW portfolio of 24 operational solar plants spread across England, Wales and Scotland to Greencoat Capital's Solar II LP...

23 February 2018
in
Metals and Mining

UC Rusal: CFO Alexandra Bouriko is new CEO

Russian aluminium producer UC Rusal has appointed Alexandra Bouriko, previously Chief Financial Officer, as Chief Executive Officer. Vladislav Soloviev, who previously...

23 February 2018
in
Renewables

ADB, B.Grimm Power expand support for renewable energy in ASEAN

The Asian Development Bank has signed a loan equivalent of up to $235 million with Thailand's B.Grimm Power to develop and enhance renewable energy capacity in member...

23 February 2018
in
Infrastructure, Transport

Louisiana seeks PPP options for Belle Chasse Bridge and Tunnel

Louisiana Department of Transportation and Development (DOTD) has issued a Notice of Intent soliciting companies interested in carrying out the Belle Chasse Bridge...

23 February 2018
in
Oil & gas

Namibia: Vitol offers 'peanuts' to rent fuel storage facility

Swiss-headquartered energy group Vitol's offer of $1 per year to the Namibian government to rent the fuel storage facility at Walvis Bay for ten years has been...

23 February 2018
in
Renewables

Siemens Gamesa secures supply and operation contract on Balkan wind project

Siemens Gamesa has secured an 18-turbine order with a five-year operation and maintenance contract from F.L. Wind for the 36MW Jelovaca wind farm development in the north...

23 February 2018
in
Metals and Mining

First Quantum drops Cobre Panama project financing

First Quantum is offering $850 million of senior notes due 2024 at 6.5% per annum and $1 billion of senior notes due 2026 at 6.875% per annum. Proceeds will repay a term...

23 February 2018
in
Metals and Mining

Southern Copper wins Peru's Michiquillay mining auction

US-based mining company Southern Copper has submitted the best bid for the Peruvian Michiquillay copper-gold-silver-molybdenum project run by the state investment...

23 February 2018
in
Renewables

NEXI provides equity support for Gulf of Suez wind

NEXI has provided insurance to support Japanese equity and a parent guarantee on subordinated loans for the Gulf of Suez (Ras Ghareb) onshore wind IPP project...

23 February 2018

XL Catlin appoints Claudia Thyme as Director Emerging Markets Development

XL Catlin has appointed appoints Claudia Thyme as Director Emerging Markets Development. Her role will see her pay particular focus on Latin America. She has 20...

23 February 2018

World Bank may refinance Uganda's Bujagali hydropower project

The World Bank is considering a refinancing package for the controversial Bujagali hydropower project in Uganda - a 250MW hydropower station built on the River Nile -...

23 February 2018
in
Oil & gas

Essar Oil seeks loans from traders as banks fear Russian links

Essar Oil is looking to raise over $1 billion from trading houses after its new Russian owners could not raise loans from major Western banks due to sanctions on...

23 February 2018
in
Metals and Mining

EDB to invest €196.9m in Bogatyr Komir project

The Eurasian Development Bank (EDB) and Kazakh mining group Bogatyr Komir signed a €196.6 million loan agreement to finance the modernisation of coal production...