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21 February 2018

If supply chain finance is to grow, where are the banks?

Everyone going to supply chain finance conferences hears the stories of how popular SCF has become and how many lenders are looking to move downstream to provide SCF or...

21 February 2018
in
Power

China Energy handed EPC contract for Nigeria's 400MW Sagamu power project

China Energy Engineering has been given the engineering, procurement and construction contract by Sagamu Independent Power Plant (SIPP). The 400MW combined cycle...

21 February 2018

IsDB set to issue largest Sukuk for $2.5bn

The Islamic Development Bank (IsDB) is set to soon issue its largest Sukuk for $2.5 billion. The Saudi Arabia-headquartered bank has a $1.5 billion Sukuk maturing...

21 February 2018

Bipartisan group of House lawmakers urge action on US Ex-Im nominees

A bipartisan group of 68 House lawmakers are urging Senate leaders to get the Export-Import Bank of the United States fully operational again. “We believe...

21 February 2018

GM proposes $2.8bn investment in South Korea operations

General Motors has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next ten years and has asked Seoul to provide its...

21 February 2018
in
Agri/Soft Commodities

ADM invests $146m in grain plant equipment upgrade

US agribusiness Archer Daniels Midland (ADM) plans to invest about $146 million in new equipment for its wet mill in Clinton, Iowa, to boost the site's production...

21 February 2018
in
Renewables

GEL tenders first geothermal project in UK

Geothermal Engineering Ltd (GEL) has launched a tender for a 3.15MW geothermal power generation plant at the United Downs Deep Geothermal Power project, near Redruth in...

21 February 2018
in
Infrastructure, Transport

ADB agrees $360m loan for rolling stock to boost Bangladesh Railway

The Asian Development Bank (ADB) has approved loans totaling $360 million to buy modern rolling stock and support reform in Bangladesh Railway to help promote a shift...

21 February 2018

IFC inks green financing deal with Philippine, Mongolia banking groups

The International Finance Corporation has signed a memorandum of understanding with the Bankers Institute of Philippines and the Mongolian Bankers Association to foster...

21 February 2018
in
Power, Renewables, Transport

Rocky Mountain lines up offtake from four wind farms

Following a September 2017 request for proposals, Rocky Mountain Power has selected four Wyoming wind farms to expand its contracted wind power by 60%. The successful...

21 February 2018

Glencore hails strongest full-year results after commodity rally

Glencore has posted full-year overall adjusted profits of $14.76 billion. Chief Executive Ivan Glasenberg hailed the group's results as its "strongest on...

21 February 2018
in
Renewables

Infigen Energy refinances A$525m five-year debt

Australia-based Infigen Energy is refinancing A$525 million ($415 million) of five-year bank debt - a A$160 million amortising facility and A$365 million bullet term loan...

21 February 2018

Bachmann & Welser eye March launch of $2bn project finance fund

Trade finance specialist Bachmann & Welser is planning to launch the $2 billion B&W Global Project Finance Fund in March to coincide with the opening of its...

21 February 2018
in
Oil & gas

$500m Energean IPO planned for London

Greek energy company Energean is planning a $500 million IPO on the London Stock Exchange to add to the $1.25 billion raised by Israeli and international banks to develop...

21 February 2018
in
Power

Energoatom’s Opic-wrapped bonds: A post-ECA gift to borrowers?

Ukraine’s state-owned nuclear generator has closed a bond issue for a nuclear waste storage project at a cheaper rate than its parent, thanks to a first-of-its-kind...

21 February 2018
in
Power, Renewables

Orrick adds Doris to London team

Orrick has appointed Paul Doris as a partner in London. Doris advises on domestic and cross-border private equity and MA transactions, with a focus on wind and solar...

21 February 2018
in
Metals and Mining, Power

Altech Chemicals has manufacturing licence approved for HPA plant in Malaysia

Altech Chemicals has had its manufacturing licence for the proposed KfW IPEX-financed high purity alumina plant in Johor, Malaysia, approved. Issuing the formal...

21 February 2018

JBIC sets up joint Japanese Project Promotion Vehicle in Russian Far Eastern region

The Japan Bank for International Cooperation (JBIC) has signed a final agreement on the formation of a joint venture company to promote Japanese investment in the...

21 February 2018

Degussa Bank connects with Giromatch for faster loan decisions

Germany's Degussa Bank is to use a white-labeled direct API-based connection to local fintech startup Giromatch to provide clients with faster loan decisions and...

20 February 2018

Opportunity of the day: APC, Addar Group arm to develop $580m pygas, pyoil project in Jubail

The Saudi Arabia based-Advanced Petrochemical Company (APC) and Global Company for Downstream Industries (GDI), a subsidiary of the Riyadh-based Addar Group, have signed...