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Exclusive: Air Senegal weighs up ECA financing for ATRs

Air Senegal, the start-up national airline of Senegal, is exploring ECA financing for two new ATR turboprop aircraft that are set to deliver later this year, Trade Finance understands

UKEF could back Quercus’ Iran solar

Quercus has signed an agreement to develop a 600MW solar PV plant in Iran. The company is in talks with the UK’s ECA to fund the project

FRV closes on Jordan’s final R1 PV plant

Abdul Latif Jameel’s solar arm FRV has reached financial close on the $93.3 million Safawi solar project in Jordan. The project is the last to reach close in the country’s second round of renewables projects

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. The biggest, ¥109 billion, loan is for the procurement of electric locomotives for the 1,500km Western Dedicated Freight Corridor between Delhi and Mumbai. The 30-year ¥109 billion loan carries an interest rate of 10bp ove

DFIs line up for Jordan's Shobak wind

The EBRD, Islamic Development Bank (IDB) and Europe Arab Bank (EAB) are considering up to $78 million in debt for a 45MW wind farm in Jordan. The Shobak project is under development by Dubai-based Alcazar Energy Partners

UKEF refreshes PRI offering

UK Export Finance (UKEF) has refreshed its political risk insurance product offering to bring it in line with the private market, the ECA states.

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