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13 December 2017

Together major DFIs align financial flows with the Paris Agreement

Members of the International Development Finance Club and the multilateral development banks have committed to deepen their collaboration in their role in scaling up and...

13 December 2017

Trade lifting developing Asia's growth as ADB upgrades GDP forecast

The Asian Development Bank forecasts that economic expansion in developing Asia will accelerate to 6% in 2017 as stronger than expected exports and domestic consumption...

13 December 2017
in
Infrastructure

CAF and KfW partner to propel water and sanitation projects in Peru and LatAm

German development bank KfW and the Development Bank of Latin America (CAF) have signed an agreement whereby KfW will grant two green credit lines to finance CAF water...

13 December 2017
in
Oil & gas

FLIQ2 refinancing with bonds

Freeport Liquefaction 2 (FLIQ2) – the second train in the Freeport LNG project – is issuing $385 million in senior notes due 2038 through a private...

13 December 2017
in
Renewables

Controversial Whitelaw Brae wind farm ruling by Scottish Government

The Scottish Government has overturned local council and regional authority opposition to the 50MW Whitelaw Brae wind farm near Tweedsmuir.and upheld the appeal by...

13 December 2017
in
Infrastructure, Waste and water

OPWP awards Salalah IWP to ACWA led consortium

The Oman Power and Water Procurement Company (OPWP) has awarded the Salalah Independent Water Project and a 20-year Water Purchase Agreement to the Dhofar Desalination...

13 December 2017
in
Renewables

Goldwind debuts in syndicated loan market

Wind turbine manufacturer Xinjiang Goldwind Science & Technology is out to senior syndication with a $300 million three-year corporate loan – its first...

13 December 2017

ACI Worldwide is first application provider to be certified for SWIFT gpi

Real-time electronic payment provider ACI Worldwide has become the first provider globally to receive SWIFT gpi certification for the Universal Payments Real-Time...

13 December 2017

L&T Infotech to offer blockchain trade finance solution on Microsoft Azure - EconoTimes

Larsen & Toubro Infotech, the information technology division of Indian consulting firm Larsen & Toubro, has announced the availability of its blockchain-based...

13 December 2017
in
Renewables

Lekela signs PPA for 250MW Egyptian wind farm

Renewable power company Lekela has signed key project documents, including a PPA with the Egyptian Electricity Transmission Company (EETC) for a 250MW wind farm northwest...

13 December 2017
in
Renewables

Talanx raises €832m for GIP's acquisition of Borkum Riffgrund 2 stake

Talanx has coordinated an €832 million senior bond financing enabling Global Infrastructure Partners (GIP) to acquire a 50% share in the €1,170 million Borkum...

13 December 2017

Noble moves toward debt-for-equity restructuring in fight for survival

Hong Kong-based Noble Group is talking to creditors about a conventional restructuring that includes a debt-for-equity swap in move that represents a change of tack as...

13 December 2017
in
Power

ADB loan to help modernize power generation in Uzbekistan

Asian Development Bank has approved a $450 million loan to back installation of 850MW to 950MW in additional generation capacity in the Talimarjan thermal power...

13 December 2017

​MIGA backs first state-of-art office tower in Djibouti

The Multilateral Investment Guarantee Agency (MIGA) has issued guarantees of up to $24.3 million in support of Swiss company Horafia SA's plan to launch and maintain...

13 December 2017
in
Power, Renewables, Transport

Mitsubishi subsidiary launches Japan's first diversified infra fund

Mitsubishi Corporation subsidiary Marunouchi Infrastructure Inc has launched Japan's first diversified infrastructure fund to target utilities, energy and...

13 December 2017
in
Infrastructure, Transport

West Midlands rail franchise finalises £680m order

Abellio, JR East and Mitsui joint venture West Midlands Trains has finalised £680 million of orders for new trains and rolling stock from Bombardier and CAF....

13 December 2017
in
Power

Quinbrook Infrastructure acquires three UK power projects

Low carbon and renewable energy investor Quinbrook Infrastructure Partners has acquired three reciprocating gas engine power projects located in the West Midlands, Essex...

13 December 2017
in
Oil & gas

E&P joint venture Spirit Energy begins trading

The exploration and production joint venture company Spirit Energy formed of Centrica's E&P business and Bayerngas Norge has received all the required regulatory...

13 December 2017
in
Power, Transport

NextBridge picks Valard for Ontario East-West Tie Line Project

NextBridge Infrastructure has selected the Quanta Services subsidiary Valard Construction to build the 290-mile double circuit transmission line project known as the...

13 December 2017
in
Infrastructure, Transport

West Midlands rolling stock financing closed

Corelink Rail Infrastructure has reached financial close on a bank and institutional debt package to fund new rolling stock orders totalling £680 million ($907...