TXF Originals

Premier woman of India trade retires

Geetha Muralidhar, chairman-cum-managing director of ECGC retires on 31 October. Muralidhar, who steered India’s export credit agency through its prestigious diamond jubilee anniversary two years ago has been a redoubtable force in Indian trade, and a pioneering woman in a senior role in the trade community. For 37 years Muralidhar has helped the organisation develop a large number of branch offices in the country, helping Indian exporters and banks throughout the India. In her own words, ECGC is one of the rare ECAs which function commercially while ensuring its mandate of export promotion by being an all-weather partner to exporters and bankers in India. That, in no small measure, has been thanks to her leadership.

TXF in depth

Saint Nazaire: A first financing for French offshore wind
Saint Nazaire: A first financing for French offshore wind
Niamh Curran
5 November 2019

France’s first offshore wind farm project financing – the 480MW Saint Nazaire scheme – had an extended deal gestation of over seven years after facing several legal and environmental challenges. But despite its troubled path to financial close, the deal priced at a margin and tenor on a par with more mature European offshore wind markets.

Finding the sweet spot on trade digitisation and working capital management
Finding the sweet spot on trade digitisation and working capital management
Katharine Morton
4 November 2019

Are corporate treasuries, fintechs and banks missing a trick on cross border working capital optimisation and what will the next five years hold? TXF's roundtable discussion of digitisation and international trade hosted in London by DBS highlights where the sweet spots will lie.

Formosa 2: Turbine-charge or trickle-charge for Taiwan offshore?
Formosa 2: Turbine-charge or trickle-charge for Taiwan offshore?
Oliver Gordon
31 October 2019

With the sponsors of the Formosa 2 offshore wind project having having reached financial close on a heavily ECA-backed project financing, confidence in the bankability of Taiwan's developing offshore wind market should be back on the up. But there are still reservations about availability of local liquidity for future deals and whether the predicted deal pipeline will deliver given the potential re-licensing of nuclear.

TXF Originals

Gulf PD signing nears
14 November 2019

Gulf PD – a joint venture between Gulf Energy Development (GED) and Mitsui – is expected to sign a $1.5 billion dual-currency facility for...

ENH to start raising $1.5 billion for Mozambique LNG project next week
13 November 2019

Next week, Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is to launch a $1.5 billion capital raise to financ...

NLNG train seven debt out to banks
13 November 2019

Nigeria LNG (NLNG) is out to banks with the debt package for its train seven project. The deadline for responses is December 10. SCD Group – a j...

Clenergy closes on Ganzlin solar financing
13 November 2019

MES Solar XXXII, a subsidiary of Clenergy, has raised a €41 million ($45.12 million) non-recourse financing for a 65MW solar project in Ganzlin, ...

KPMG puts in lowest bid for Bahrain Metro advisory
11 November 2019

KPMG has submitted the lowest bid for the contract to advise the Bahraini government on the Bahrain Metro project. Bahrain’s Ministry of Transpo...