Sector - Project Finance
GTR reveals Best Deals 2011
GTR has whittled down a huge number of best deal submissions to under 30 winning transactions.
We hope that the selected deals reflect the diversity of the trade, supply chain and export finance market. The winning list includes transactions closed in various countries including Iraq, Azerbaijan, Angola, Guatemala and Ghana.
We also saw a wide range of sectors supported by the trade and export finance banking industry, including the financing of satellites, car ferries, telecoms equipment, radars, cocoa and cashew nuts, among many others.
Africa: Prepared for the worst
Is Africa equipped to deal with the turmoil that continues to encroach upon its financial sector? Members of GTR’s Africa editorial board gather to discuss.
ABCIB names new management team
ABC International Bank has restructured its management team in London.
SBI opens for business in Qatar
State Bank of India is set to open an office in Qatar, a spokesperson at the banks confirms to GTR.
Addax closes Africa bioenergy first
Addax Bioenergy has closed a €267mn project finance deal with a group of international banks for its bioenergy project − the first of its kind to close in Africa.
HSBC recruits Asia Pacific head
HSBC has expanded its project and export finance business in Australia with the appointment of Alan Park.
HSBC reopens in Libya
As a sign of growing confidence in Libya, HSBC has reopened its representative office in Tripoli.
Siemens wins Danish support
Siemens wind power has received an €822mn debt financing facility from a group of international banks to finance an offshore wind farm off the coast of North Germany.
Uranium firm closes project facility
Uranium producer Paladin Energy has secured a US$141mn project finance facility to develop its Langer Heinrich uranium mine in Namibia.
Iraq plans power build up
Project finance departments will be keeping a close eye on Iraq as the Kurdistan regional government announces ambitious plans to massively grow its power generation by 6,000MW.
This is equal to roughly 10 gas-fired plants working at full capacity, though the government has said that it intends to develop gas, heavy fuel oil and hydro-powered facilities.
In Iraqi Kurdistan’s first competitive programme of its type, the tenders for the plants will...
Chinese government to back Malaysian biofuel plant
The Chinese government is set to provide project financing to Lestari Pasifik for the construction of bio-refinery plants in Malaysia and Indonesia.
Lestari is a joint venture between Russian technology system provider Arter Group and Malaysian investors, including companies, private equity funds and individuals.
The financing will be used to build 616 bio-refinery plants over the next five years...
SocGen selects project finance head
Société Générale has promoted Hervé le Corre to head of infrastructure project finance for the bank’s French business.
He replaces Julien Thureau, who has left the bank.
Le Corre will take up his new role on August 8, 2011, and will be responsible for...
Jubail mega project gets underway
Saudi Aramco and the Dow Chemical Company are forming a joint venture for a US$20bn chemicals complex in Jubail Industrial City on Saudi Arabia’s east coast.
Petronas set to sign project financing
Malaysian oil and gas firm Petronas Gas is finalising details with foreign and local banks to raise a RM1.5bn project finance loan for a gas-fired power plant in Kimanis, Sabah.
PGB is hoping to raise 80% of the RM1.5bn (US$404mn) via project financing, and the remaining 20% through equity financing.
The project is jointly developed with...
Asia Leaders in Trade 2011 results
GTR launched its first Asia Leaders in Trade Readers’ Poll this year, reflecting our increasing focus on the growing economies of the South Asia and Asia Pacific region.
