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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...

23 February 2018
in
Oil & gas

Vitol: LNG market set for more 'accentuated' seasonal price swings

The global LNG market is likely to see more notable swings in price between the winter and summer months, according to Pablo Galante Escobar, the head of LNG at...

23 February 2018

Afreximbank targets $1.5bn in financing in Mauritania

The African Export-Import Bank (Afreximbank) will attract $1.5 billion to Mauritania to finance the development of trade and related infrastructure after signing a...

22 February 2018

Opportunity of the day: Enel likely to engage with international banks for $178m Russian wind power project

Enel SpA is likely to engage with international banks to raise finance for building a $178 million wind park at Azov, Rostov Oblast in Russia, said a source at Sowitec...

22 February 2018
in
Oil & gas

Glencore, banks and Chad reach deal over oil-backed loan

Glencore and a group of bank lenders have reached a deal with Chad on the restructuring of a $1 billion-plus oil-backed loan. Glencore, backed by banks, lent the...

22 February 2018
in
Infrastructure, Transport

Almaty Ring Road PPP nearer to realisation

The heavily DFI-backed Almaty Ring Road (BAKAD) PPP project in Kazakhstan has reached commercial close – 16 years since first being approved by the Kazakh...

22 February 2018

Hapag-Lloyd freight receivables securitisation increased

Finacity has facilitated an increase to $500 million of an existing freight receivables securitisation for Germany-headquartered Hapag-Lloyd Group. The increase was...

22 February 2018
in
Infrastructure, Transport

Cross River Rail PPP bidders shortlisted

With three bidding groups shortlisted by the Cross River Rail Authority (CRRA) for the PPP portion of the A$5.4 billion ($4.23 billion) Cross River Rail Link in Brisbane,...

22 February 2018

CleanCapital hires new Head of Acquisitions and General Counsel

NewYork-based financial technology company CleanCapital has appointed Melinda Baglio to head up both the legal and acquisition teams. Baglio was formerly in the Energy...

22 February 2018
in
Infrastructure, Other, Transport

IWAI appoints KPMG to advise on Jal Marg Vikas Project

The Inland Waterways Authority of India (IWAI) has appointed KPMG to develop an asset management and operation framework for capacity augmentation of navigation on the...

22 February 2018
in
Infrastructure

Ashurst advises on Australian Unity A$740m hybrid financing

Law firm Ashurst has advised Australian Unity Funds Management Limited on a hybrid corporate finance and project finance facility agreement. The A$740 million facility...

22 February 2018
in
Infrastructure, Transport

China Shandong selected for Republika Srpska road concession

China Shandong International and Technical Cooperation has been selected to build and operate the 42km Banja Luka-Prijedor motorway in the Bosnian autonomous region of...