Latest News

JICA signs off India train loans

Japan International Cooperation Agency (JICA) has signed off a loan package totalling ¥144 billion ($1.3 billion) for investment in India, ¥119 billion of which is rail-related

Wind Energy Holding adopts Vestas turbines

Thailand’s Wind Energy Holding has purchased 60x 3MW Vestas turbines to power two wind farms in Nakhon Ratchasima and Chaiyaphum provinces

Acwa Power signs Shuaibah IWP expansion financing

Saudi developer Acwa Power has signed on a $325 million financing for the Shuaibah IWP expansion project, IJGlobal can reveal. Financial close is expected at the end of September 2017

Ukraine’s Sky Bank picks Finastra software

Sky Bank has chosen Finastra’s FusionBanking Essence as its new software platform after an IT overhaul, the software provider has announced.

ABN Amro brings in CBA’s front-end system globally

ABN Amro will use Commercial Banking Applications’ (CBA’s) front-end system for trade finance across its global operations, the bank has announced.

Citi appoints trade co-heads for EMEA

London-based Peadar MacCanna and Murat Demirel have been appointed trade co-heads of Citi’s treasury and trade solutions (TTS) business in EMEA

GDG Greka Chengzhuang block approved

The China National Development and Reform Commission (NDRC) has approved a project code for the overall development plan (ODP) for Green Dragon Gas’s (GDG) Greka Chengzhuang Block (GCZ) in the prolific Qinshui Basin

Chittagong to Cox’s Bazar railway construction contracts signed

Four companies have signed on contracts to construct a 102km railway between Chittagong and Cox’s Bazar district in Bangladesh, which will also improve access to Myanmar and other key Southeast Asian states

Trade Finance Solutions announces deals

Trade Finance Solutions (TFS), an independent financier based in Canada, has announced two transactions worth $9 million in total

EIB to support Latvian rolling stock acquisition

The European Investment Bank is supporting the acquisition of 32 electric multiple units (EMU) for Latvian railway company Pasazieru Vilciens, it has emerged

Nepal invites international bids for power transmission

The Nepalese government has issued international invitations to bid for several of the power transmission packages approved by the Asian Development Bank (ADB)

SBG Cleantech signs with JBIC on Kurnool solar

Softbank-backed SBG Cleantech has signed a project finance package with Mizuho, Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI) for its 350MW solar plant in the Kurnool park

PNOC in talks with IFC for Philippines LNG

The International Finance Corporation (IFC) and state-owned Philippine National Oil (PNOC) are holding talks on a floating storage and regasification unit (FSRU) in Batangas

GEF 2017: Banks open to Qatar

Commercial banks are still open to trade deals in Qatar but are keeping an eye on political developments

SG appoints new commodity finance head

Societe Generale has appointed Emmanuel Chesneau as its global head of traders, commodity finance and agribusiness

KazMunaiGas upsizes prepayment facility

Kazakhstan’s KazMunaiGas Kashagan (KMGK) has increased its five-year oil prepayment facility loan by $1 billion to fund repayments to buyers on its production sharing agreement

HSBC, FAB & StanChart in line for Expolink Dubai

Lenders including HSBC, First Abu Dhabi Bank, Standard Chartered, Santander, and Intesa Sanpaolo are said to be financing the Expolink consortium’s Dubai Metro Route 2020 extension project. The development is expected to cost $2.8 billion

EBRD commits new funds to support Belarus SMEs

The European Bank for Reconstruction and Development has committed €6 million ($7 million) in additional funding over four years to support SMEs in Belarus