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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...

22 May 2017

KfW IPEX finances MAN buses for Mexico

Germany's KfW IPEX-Bank is providing a loan for the equivalent of €21.3 million to the Mexican bus operator Inversionistas en Autotransportes Mexicanos S.A. de...

22 May 2017

Russia's SUEK signs $1bn financing

Russian coal miner SUEK has signed a $1 billion five-year pre-export financing with a group of 19 global and domestic lenders. The loan, which is secured against...

22 May 2017

Eurotunnel refinancing priced

Eurotunnel’s Channel Link Enterprises Finance (CLEF) tranche C refinancing has priced. Goldman Sachs and Deutsche Bank, arrangers of the original...

22 May 2017

Coface: Optimism among UAE non-oil private companies

Coface's first Credit Opinion Survey for the UAE region shows 43.5% of exporters and 42% of domestic suppliers expect increased profitability. Companies'...

22 May 2017

Blockchain breaks the mould in India with end-to-end L/C transaction

India’s first end-to-end financing via blockchain has been achieved, but how long will it take for the technology to filter through to all in the supply chain, and...

22 May 2017

SEC's first power company to be privatised in 2018

The first of four power generation companies owned by state-utility Saudi Electricity Co (SEC) will be privatised in 2018. SEC's total 55GW capacity is being...

19 May 2017

Opportunity of the day: Malaysia's ECRL procurement kicks off with largest foreign order for Chinese railway maintenance equipment

Gemac Engineering Machinery Co Ltd has been awarded a contract to provide the first of four batches of railway maintenance equipment for the 600km East Coast Rail Line...

19 May 2017

Vistra Energy buys 180MW Upton County Solar 2 project

Vistra's independent power producer subsidiary Luminant will own the project located in West Texas.  An EPC contract has been signed and the output will be...

19 May 2017

Five power projects dropped from CPEC list

China and Pakistan have formally agreed to amend the Economic Corridor list after the projects were deemed technically unfeasible. Despite representing 3.4GW of capacity,...

19 May 2017

Chile plans $3.7bn road concession programme

The government aims to award 14 highway concessions by January 2018 with all the projects being overseen by the Ministry of Public Works.