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21 February 2018
in
Power, Renewables

Opportunity of the day: Besix-Hitachi consortium wins EPC contract for $680m Dubai WTE project

Dubai Municipality has awarded the EPC contract for its $680 million waste-to-energy (WTE) project to a consortium that includes BESIX Group and Hitachi Zosen...

21 February 2018

Banks, TradeIX and R3 pilot blockchain trade finance solution

Marco Polo, comprised of a group of the world's leading banks including BNP, Commerzbank and ING, together with trade finance technology specialist TradeIX and...

21 February 2018
in
Infrastructure, Transport

More details on A10/A24 motorway PPP

Sponsors of the €650 million ($810 million) A10/A24 Neuruppin-Pankow A-Model motorway PPP –  BAM (70%) and Habau (30%) – reached financial close on...

21 February 2018
in
Renewables

Formosa 1 in talks with ECA

Sponsors of the Formosa 1 offshore wind project in Taiwan – Macquarie Capital, Orsted and Swancore Industries – are expected to reach financial...

21 February 2018
in
Oil & gas

Anadarko Petroleum agrees Mozambique LNG sale

Anadarko Petroleum’s plan to export liquefied natural gas (LNG) from Mozambique moved a step closer after it agreed a 15-year LNG sales and purchase agreement...

21 February 2018
in
Renewables

Turkey's Calik Enerji to build 50MW wind farm in Georgia

Georgia's Vice-Premier and the Minister of Economy and Sustainable Development has announced that Turkish energy company Calık Enerji, with assistance from the Energy...

21 February 2018

Ripple makes new connections to emerging markets

Ripple has announced deals with two banks and three payment processors across India, Brazil and China, as the firm seeks to make good on a promise to transform payment...

21 February 2018
in
Renewables

TransAlta to acquire two US wind farms

Independent energy company TransAlta Renewables has entered into an agreement to acquire a 90MW wind project in Pennsylvania with a 15-year PPA and a...

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...