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24 May 2018

Euler Hermes reports on working capital requirements

Euler Hermes has released a report analysing companies' working capital requirements (WCR). Almost all advanced economies faced a rise in 2017, notably the US (+5...

24 May 2018
in
Power

Chexim debt for Sumsel 8 power project

Huadian Bukit Asam Power – a joint venture between Bukit Asam (45%) and China Huadian Hongkong Company (55%) – has raised a $1.26 billion 15-year loan...

24 May 2018
in
Renewables

New CFO for ReneSola

Solar project developer ReneSola has appointed Xiaoliang Liang as its Chief Financial Officer with effect from June 1. He previously held a senior position...

24 May 2018
in
Infrastructure, Waste and water

USDA awards $256m to improve water and wastewater infrastructure

The U.S. Department of Agriculture (USDA) has announced loans and grants amounting to $256 million for improvement to water and wastewater infrastructure in...

24 May 2018
in
Oil & gas

British Columbia resorts to lawsuit in Alberta courts over oil block

British Columbia has resorted to legal action in the Alberta courts to have the Bill to block the flow of refined petroleum into BC as unconstitutional. At...

24 May 2018
in
Renewables

Massachusetts and Rhode Island award offshore wind contracts

Avangrid and Copenhagen Infrastructure Partners joint venture Vineyard Wind has been chosen by Massachusetts state utilities Unitil, National Grid and...

24 May 2018
in
Renewables

Virginia issues offshore wind consultancy RFP

The Virginia Department of Mines, Minerals and Energy (DMME) has posted a request for proposals (RFP) from qualified contractors to develop a plan to position...

24 May 2018
in
Power

Ayala seeks equity partner for thermal platform

The Ayala group is looking to divest a 50% share in its ACE Thermal Inc. platform with $2.1 billion worth of thermal power capacity coming mainly from coal-fired power...

24 May 2018

ICC Global Survey: Compliance and regulation stifling future trade finance

Compliance and regulation are the biggest drags to the provision of trade finance in the future. That’s according to 93% of respondents to the ICC’s annual...

24 May 2018
in
Infrastructure, Power, Waste and water

Hyflux given breathing space from insolvency by courts

Water company Hyflux has been given a chance to reorganise its finances by Singapore's courts as it enters into the local equivalent of the US' Chapter 11. Ernst...

24 May 2018

Zimbabwe becomes Africa Finance Corporation's 19th member

Zimbabwe has become the 19th member state of infrastructure development finance institution Africa Finance Corporation. AFC has already begun the process...

24 May 2018
in
Infrastructure, Transport

VDoT release draft RFP for Hampton Roads Bridge-Tunnel project

The Virginia Department of Transportation has released the draft Request for Proposals document for the Interstate 64 Hampton Roads Bridge-Tunnel (HRBT) Expansion...

24 May 2018
in
Renewables

Greencoat raises £118m for Clyde wind stake purchase

The renewable infrastructure fund Greencoat UK Wind (UKW) has raised gross proceeds of £118.8 million from a share placement that will be used to complete a...

24 May 2018

Standard Chartered and AFC unite to boost trade finance in Africa

Pan-African infrastructure development finance institution Africa Finance Corporation (AFC) and Standard Chartered have launched a funded risk participation programme to...

24 May 2018

EML Payments joins Saxo Payments Banking Circle

Payment card technology solutions provider EML Payments has joined Saxo Payments Banking Circle. EML operates in 16 countries across Europe, as well as in Australia, the...

24 May 2018
in
Infrastructure, Transport

KeolisAmey chosen for Wales and Borders rail franchise

A joint venture of French public transport operator Keolis and Ferrovial subsidiary Amey has been chosen for the 15-year Wales and Borders rail franchise. The contract...

24 May 2018
in
Oil & gas

Cheniere makes FID on third train at Corpus Christi and closes amended debt

Cheniere Energy has approved the final investment decision for train 3 at its Corpus Christi Liquefaction (CCL) project and has closed on the funding for the...

24 May 2018
in
Infrastructure, Waste and water

KfW finances Tunisian water desalination plant

German development bank KfW has signed an €82 million loan deal with Tunisia to finance a water desalination plant in the town of Zarat. The project is estimated...

24 May 2018

Verde Agritech hails major funding milestone with BNDES loan

Verde Agritech has sealed a debt financing deal for R$1.04 million with the Brazilian development bank BNDES to build a facility to produce its Super Greensand fertiliser...

24 May 2018

Bank of Shanghai issues China's first blockchain-based LC

The Bank of Shanghai and China Construction Bank has signed an agreement to launch China's first blockchain-based Letter of Credit (LC). Bank of Shanghai also...