The $1.5 billion Al Dur 2 independent water and power project (IWPP) financing achieved a record length tenor for an uncovered local bank tranche, an indirect benefit of ECA support. But according to sources close to the deal, Saudi Exim’s direct loan debut proved a ‘nightmare’ to structure.
Exclusive subscriber content…
If you are a TXF subscriber, please login to continue reading
WISTA and PwC’s survey into gender diversity and equality in the Swiss commodities industry has crucially identified a gender gap in perception when it comes to equality in the workplace – a stark indicator that gender diversity needs to be moved higher on the corporate agenda.
Europe’s energy crisis has provoked a scramble for LNG. In order to meet demand, investment towards specialist carriers and import terminals has ballooned. But can the possibility of adapting LNG tech for renewable power remedy long-term concerns around stranded fossil fuel assets?
Approximately 600 million people in Africa have no access to electricity. In a continent with considerable potential for energy natural resource development – both through renewable and fossil fuels – why has it become so difficult to finance related trades and new projects?