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04 May 2017

San Diego pursues proposals for 500MW pumped storage project

The city of San Diego, together with the County Water Authority, are to advertise a Request for Proposals for an energy storage facility that makes use of the San Vicente...

04 May 2017

IBM: Trade finance set for slew of working blockchain solutions

Numerous working blockchain solutions will emerge within banks this year, with trade finance a particularly popular target, according IBM. Solutions being worked on are...

04 May 2017

Commercial Bank and Infosys Finacle complete cross-border payment blockchain pilot

Qatar's Commercial Bank and Infosys's Finacle banking solution have completed a pilot of what they say is the first cloud-based blockchain network to process...

04 May 2017

Evermore submits plans for 480MW Belfast Power project

Developer Evermore has submitted detailed plans to the Department for Infrastructure for a £280 million combined-cycle gas-fired power project being developed...

04 May 2017

Turkey sets 1GW wind tender deadline

Turkey's government has set the deadline for applications to bid for its second Renewable Energy Resource Area (YEKA) tender, this time for 1,000MW of wind...

04 May 2017

Glencore closes $7.34bn loan refinancing

Commodity group Glencore has closed a $7.335 billion, one-year revolving credit facility that refinances an existing $7.7 billion, one-year revolver that was agreed in...

04 May 2017

TNB buys back into 1.44GW Pasir Gudang power project

Southeast Asian utility giant Tenaga Nasional has bought a 51% stake in special purpose vehicle Southern Power Generation Sdn Bhd with the aim of developing a...

04 May 2017

Canadian Solar taps $50m for two Queensland solar projects

The Bank of Tokyo-Mitsubishi UFJ and Clean Energy Finance have agreed to provide a five-year loan for a 17MW farm at Longreach and a 30MW facility at Oakey. The projects...

04 May 2017

EGFI pivotal in $2.5bn Iraqi power station project

The Export Guarantee Fund of Iran (EGFI) played a pivotal role in Rumaila, a natural gas combined cycle power plant to be implemented at a cost of $2.5 billion by the...

04 May 2017

Trade Wars: How trade is being weaponised

TXF joins the front line with Rebecca Harding co-author of ‘Trade Wars – how trade is being ‘weaponised’ to discuss the theory and narrative behind the book.

04 May 2017

Misfah IPP letters out

Oman Power & Water Procurement Company (OPWP) has issued letters to the pre-qualified bidders on the new 750MW to 850MW Misfah independent power project...

04 May 2017

Petrobras adding refineries to asset sales in bid to cut debt

Brazilian oil giant Petrobras is adding refineries to its sale of assets. Chief executive officer Pedro Parente plans to put another 40 assets worth about $42 billion on...

04 May 2017

World Bank: Industrial commodity prices to rise

The World Bank is forecasting higher prices for industrial commodities, principally energy and metals, in 2017 and next year. Prices for energy commodities, which...

04 May 2017

Mercuria refinancings taking shape

Swiss-based commodity trader Mercuria is set to alter the arrangements of its credit facilities by changing the lenders in its banking pool. The company, founded in...

04 May 2017

Willis Towers Watson hires Hiscox duo to political risk team

Advisory, broking and solutions company Willis Towers Watson has hired Claire Simpson and Victoria Padfield to its political risk and trade credit team in London. They...

04 May 2017

Joerg Motel is new ASEAN head at Commerzbank

German lender Commerzbank has made Joerg Motel new country chief executive officer ASEAN and head corporates international, based in Singapore. Jochen Mueller succeeds...

04 May 2017

ADM: Gary McGuigan to lead global trade desk

US-based trader Archer Daniels Midland (ADM) has revealed that Gary McGuigan, most recently managing director of global trade, will succeed Gary Towne as president of the...

04 May 2017

New Natixis role for Christopher Lovgren

Christopher Lovgren has been appointed global head of high yield corporate distribution and trading at Natixis's Corporate and Investment Banking. He was formerly...

04 May 2017

Perfect 10 Angola LNG: Cash in a challenging climate - a TXF commodity finance Deal of the Year

Despite Angola and most of Angola LNG’s sponsors being downgraded during negotiation of a five-year $1.79 billion loan, the structured medium term corporate borrowing...

03 May 2017

Opportunity of the day: Industrial residue treatment plant with total capacity of 220,000T/Y - China

Hubei Weichen Environmental Technology Co Ltd, a subsidiary of Grandblue Environment Co Ltd, will develop an industrial residue treatment project in Huangshi. Grandblue...