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26 March 2020
in
Power, Renewables

First State to buy MVV stake - sources

First State has agreed to buy a 45% stake in German utility MVV from EnBW and Rheinenergie, according to sources. MVV stated that an agreement in principle has been made...

26 March 2020
in
Power

UW issues RFI for campus district energy system

The University of Washington has issued a request for information inviting advice on the planning, building, replacing and financing of its district energy systems. The...

26 March 2020

Fitch offers UK firms free ratings to access Covid-19 funds

Ratings agency Fitch is offering unrated UK firms free ratings so they can become eligible for help from the Bank of England.The agency is offering a range of products,...

26 March 2020
in
Power, Renewables

Mitsubishi and Chubu complete €4.1bn acquisition of Eneco

Mitsubishi Corporation and Chubu Electric Power Co, through their special purpose company Diamond Chubu Europe BV, have completed the purchase of Dutch integrated energy...

26 March 2020
in
Oil & gas

Australian LNG projects likely to be delayed, says Wood Mackenzie

The global sweep of Covid-19 and the resultant fall in oil prices is likely to delay Australia’s next wave of liquefied natural gas projects, advisory firm Wood...

26 March 2020
in
Transport

Vietnam steps up site clearance for Long Thanh airport

Authorities in Vietnam's Dong Nai province are stepping up the disbursement of funds to clear the site and resettle households so that land for the new Long Thanh...

25 March 2020
in
Waste and water

Jubail 3A IWP bid pricing out

Saudi Water Partnerships Company (SWPC) has released the prices of the developers that submitted bids for the $1 billion Jubail 3A IWP project.A consortium comprising...

25 March 2020
in
Transport

Hills M2 refinancing reaches contractual close

Transurban’s Hills M2 Motorway (Hills M2) concession has reached contractual close to raise A$815 million ($486 million) of non-recourse debt via two new bank debt...

25 March 2020
in
Transport

Hawkins unable to reach close for Lincoln South Beltway

Hawkins Construction has informed the Nebraska Department of Transportation (NDOT) that is unable to reach financial close on the $352 million Lincoln South Beltway. The...

25 March 2020
in
Oil & gas, Transport

ACT to develop liquid storage terminal at Khalifa Port

Abu Dhabi Ports has signed a strategic agreement with Arabian Chemical Terminals (ACT) for the development of the UAE's  first greenfield commercial bulk liquid...

25 March 2020
in
Renewables

Star of the South signs WSP for transmission design

Star of the South offshore wind farm has signed a contract with WSP for the design of onshore transmission network and grid connection. WSP will be supported by local...

25 March 2020
in
Metals and Mining

Giyani receives Atradius LOI over manganese project financing

Canada's Giyani Metals has received a letter of interest confirming in-principal project finance support from the Netherlands' ECA Atradius for its K.Hill...

25 March 2020
in
Power, Renewables

Force majeure kicks in for Indian renewables projects

India's Ministry of New and Renewable Energy (MNRE) has informed all of its renewable energy implementing agencies to treat delay as a consequence of the coronavirus...

25 March 2020
in
Oil & gas

Malampaya's RBL underwritten

Although unconfirmed by the borrower, Udenna Corp’s subsidiary UC Malampaya Philippines is said to have signed a reserves-based loan (RBL) with banks to finance its...

25 March 2020
in
Metals and Mining

Vale to draw $5bn from credit lines

Brazilian miner Vale will draw $5 billion from its revolving credit lines to strengthen its liquidity due to the coronavirus pandemic. The company also announced an...

25 March 2020
in
Oil & gas

Phillips 66 cuts plans $3bn cuts amid price and virus uncertainty

Pipeline and refinery operator Phillips 66 is targeting over $3 billion in cuts in response to weak oil prices and COVID-19 uncertainties. The company intends to cut $700...

25 March 2020
in
Oil & gas

Equinor reveals plan to cut $3bn from its spending

Equinor has unveiled plans to cut $3 billion from its spending. The company will reduce organic capex for 2020 from $10 billion-$11 billion to around $8.5 billion, a...

25 March 2020
in
Oil & gas

Woodside in talks over $4.2bn Senegal oil project timing

Australia-based Woodside Petroleum and its partners are in talks on the timing of their $4.2 billion Sangomar oil project off Senegal, with coronavirus restrictions and...

25 March 2020
in
Power

Colombia awards Caribbean region utility concessions

The Colombian government has awarded two electrical utility concessions to serve its Caribbean Region. The units were formed after the government was forced to take over...

25 March 2020
in
Renewables

Akita: A first of many on the Japanese offshore wind horizon?

A pathfinder deal for Japanese offshore wind, the recent Akita project financing did not benefit from Japanese regulation to cut red tape for offshore wind and managed to...