Latest News

Top Story

DFI-backed TAPI pipeline to start construction

TAPI Pipeline said yesterday that construction on the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline will start in Q1 2019, also predicting financial close in the same quarter despite several delays in securing financing for the $7 billion project

Former Berne Union SG joins UKEF board

Leading export finance professional Kimberly Wiehl has joined the board of the UK Export Finance as a non-executive member

Financial close for Oman's Duqm refinery

The Oman Oil Company and Kuwait Petroleum International have reached financial close on the $7 billion Duqm oil refinery project in the Duqm Special Economic Zone, Oman

Bids for ADB-backed Nepali power distribution due December

Nepal Electricity Authority has invited bids due December for two design, supply and install packages for its $191 million power transmission and distribution efficiency enhancement project in the Kathmandu Valley

JICA signs off West Bengal pumped storage loan

Japan International Cooperation Agency has signed off a loan for the 1GW West Bengal Turga hydro pumped storage and given the tender schedule timeline

Denmark announces turbine test pricing

The Danish Energy Agency has launched a new pricing support mechanism for electricity produced by onshore wind farm test sites other than the national centres at Østerild and Høvsøre

BRICS Bank to fund Brazilian renewables

Brazilian development bank BNDES has received $156 million form the New Development Bank (also known as BRICS Bank) to finance renewable energy projects in Brazil

Contracts awarded for South African biomass

eThala Management Services has selected tKn as the legal adviser for the 10MW eThala Biomass-to-Power project located in Harding, South Africa

MIGA signs guarantees for Scatec solar PVs

The Multilateral Investment Guarantee Agency (MIGA) has issued guarantees covering the construction, ownership, operation and maintenance of six solar PVs in South Africa being developed by Norway's Scatec Solar

Vestas wins Oyster Bay turbine deal

Danish wind turbine manufacturer Vestas has been awarded a turbine supply contract by Italian developer Enel Green Power (EGP) for the 148MW Oyster Bay wind farm in Eastern Cape province, South Africa

OPIC supports Honduras geothermal

Ormat Technologies has reached financial close on the first tranche of its 35MW Platanares geothermal power plant, located in Honduras

Chesapeake Energy to buy WildHorse Resource Development

Oklahoma City-based Chesapeake Energy Corporation has agreed to acquire WildHorse Resource Development Corporation, a Texas-focused oil and gas company, for an enterprise valuation of roughly $3.98 billion

USTDA signs grant for Egypt petrochem

The US Trade and Development Agency (USTDA) has signed a grant with Egyptian company Enjaz Project Management (EPM) for the Enjaz integrated petrochemical complex under development in the Suez Canal Economic Zone

Puma Energy appoints new CEO

Midstream and downstream oil & gas company Puma Energy has appointed Emma Fitzgerald as its new CEO. She will succeed Pierre Eladari, who has held the position since February 2004, on 2 January 2019

Mayer Brown appoints TF partner

Mayer Brown has appointed Ashley McDermott as partner in the firm's banking and finance practice in London

Apicorp mandated on Egypt petrochemicals

French developer Suez has mandated Arab Petroleum Investments Corporation (Apicorp) to lead the financing of its $60 million formaldehyde and derivatives project in Damietta, Egypt

JBIC leads facility for Mexico's CFE

Mexican public utility CFE has closed a $100 million loan to finance power development in the country