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Asia Connect
NextDecade Corp, the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a 15-year sale and purchase agreement (SPA) with Japanese trading house Itochu Corp.
1 Feb 2023
Globeleq, an Africa-focused power company, has completed a 1.2 billion rand (US$71 million) senior debt restructuring facility for a 31-megawatt solar power plant in South Africa’s Limpopo Province.
1 Feb 2023
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a US$131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai Maharashtra.
1 Feb 2023
Export-Import Bank of Korea and Riyad Bank are providing US$435 million in debt finance for a 320-megawatt cogeneration plant in Saudi Arabia. The project developer is Korea Electric Power Corporation (Kepco). Last September, South Korea’s Doosan Enerbility was awarded a turnkey engineering, procurement and construction (EPC) contract for the project.
1 Feb 2023
African power development company Ncondezi Energy has signed a land agreement with the government of Mozambique for a 300-megawatt hybrid solar project.
18 Jan 2023
A consortium of Japan‘s JGC Corporation and South Korea’s Samsung Heavy Industries has been awarded the engineering, procurement, construction, and commissioning (EPCC) contract for a nearshore floating liquefied natural gas (FLNG) project for Malaysian energy giant Petronas.
18 Jan 2023
German energy utility and developer RWE has chosen Siemens Gamesa as preferred supplier for its 1,000-megawatt offshore wind farm in Denmark.
18 Jan 2023
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) and Riyadh-based mining company Maaden have agreed to establish a joint venture to invest in mining assets globally.
18 Jan 2023
The Inter-American Development Bank, through its private-sector arm IDB Invest, has signed an innovative refinancing facility to support the modernization of a multi-purpose port terminal in Peru.
11 Jan 2023
Rio Tinto and Chinese joint-venture partner Baowu Resources are moving closer towards final agreement on developing the vast Simandao iron ore project in the West African republic of Guinea.
11 Jan 2023
The Asian Infrastructure Investment Bank (AIIB) has approved a €250 million (US$268 million) loan to Egypt for the Alexandria-Abou Qir Metro Line Project.
11 Jan 2023
The new Norwegian Climate Investment Fund has announced its first investment in an Indian transmission project, being developed by ReNew Power. The fund will invest alongside KLP, Norway’s largest pension company.
11 Jan 2023
Food and agribusiness firm Olam Group has announced plans to list its Olam Agri Holdings unit as early as the first half of 2023, with a primary listing in Singapore and a potential concurrent listing in Saudi Arabia.
10 Jan 2023
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary Keppel FELS Limited (Keppel FELS), has secured a contract from an unnamed international renewable energy company for the construction of an offshore substation (OSS) worth approximately US$97 million.
6 Jan 2023
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