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22 May 2017

Opportunity of the day: FM Rodrigues open to talks with banks and suppliers for financing transmission projects

FM Rodrigues & Cia Ltda is open to talks with banks and suppliers regarding the financing of a $21 million transmission line project that it won in an April auction,...

22 May 2017

Galician road PPP refinanced

Sponsors of the €745 million ($837 million) 25-year availability-based Costa da Morte road concession – Copasa, CRC, Covsa and Taboada y Ramos - have...

22 May 2017

Businesses still underestimate currency risk

With $5 trillion traded daily on the FX markets and only 2% of that for commercial purposes, FX risk management is a tool that remains undervalued by businesses. Kevin...

22 May 2017

Message received: ACWA’s holdco hybrid a hit with investors

ACWA Power’s complex non-recourse bond debut was never going to be an easy sell to mainstream investors. But after 200-plus face-to-face account meetings and constant...

22 May 2017

Uganda and Tanzania ink EACOP pipeline agreement

The leaders of the two countries have signed an expression of intent for the 1,400km East African Crude Oil Pipeline (EACOP) that will transport oil from the Hoima...

22 May 2017

ExxonMobil and SABIC sign agreement on Gulf Coast petrochemical complex

ExxonMobil and Saudi Basic Industries Corporation (SABIC) are to carry out a detailed study of the Texan joint venture. The agreement initiates the planning process for...

22 May 2017

PGE buys EDF Polish generation business

Polska Grupa Energetyczna (PGE) has acquired the Polish electricity generation assets of the French state-owned power company EDF in a deal worth €1.46...

22 May 2017

ACWA eyes 2018 IPO

The Saudi Arabian-headquartered power and water project developer ACWA Power is set to conduct an initial public offering in late 2018 with a Saudi bourse and major...

22 May 2017

Tadmax needs new partner for RM3.5bn Malay CCGT project

The Energy Commission has recommended to the government that the inexperienced Tadmax should team up with a substantial partner to replace Tenaga Nasional Bhd (TNB)...

22 May 2017

Egyptian price drop for Siemens wind project?

Despite the Ministry of Electricity promised contract for the 2GW Siemens wind project, the Egyptian Electricity Transmission Company (EETC) is seeking a lower tariff...

22 May 2017

Hong Kong considers floating solar for reservoirs

Black & Veatch is to carry out a feasibility study into the power generation projects that are also aimed at reducing water loss and suppressing algae at 17 locations...

22 May 2017

SNOC and SEWA sign LNG agreement for power generation

The agreement between the Sharjah National Oil Corporation (SNOC) and Sharjah Electricity and Water Authority (SEWA) covers gas imports for distribution to three SEWA...

22 May 2017

Crown slips again: Noble trading ability hit by downgrade

Downgraded in the middle of major refinancings, Noble is looking at tighter covenants, a higher cost of debt for 2017 and a hit on its ability to trade competitively -...

22 May 2017

Man who helped bury Lehman turns to saving troubled Noble

Embattled commodity trader Noble has made Paul Brough, a man whose resume is a roll-call of Asia's highest-profile corporate collapses, its new chairman. His most...

22 May 2017

BPA cancels $700m Oregon-Washington transmission project

The federal power manager Bonneville Power Administration (BPA) has dropped plans for the 80-mile transmission line after the estimated costs doubled from when the...

22 May 2017

Compliance executives to increase investment in regtech

Seventy-five per cent of anti-money laundering (AML) professionals believe the current geopolitical landscape presents new risks and challenges for preventing financial...

22 May 2017

Germany endorses 807MW of onshore wind projects

State energy regulator Bundesnetzagentur has selected 70 projects from 256 bidders in the first auction under the new feed-in tarif law for renewable energy....

22 May 2017

Argentina applies to join the Asian Infrastructure Investment Bank

Argentina has applied to join the Asian Infrastructure Investment Bank (AIIB) and is willing to be actively involved in the Belt and Road Initiative. It would leave only...

22 May 2017

AfDB: Africa eyes $100bn bilateral trade with India

Bilateral trade between India and Africa is expected to hit $100 billion over the next two years, the African Development Bank (AfDB) said. There are opportunities in...

22 May 2017

Afreximbank financing to Nigeria tops $35bn

The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities. It includes...