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June 2013
The cost of the Rio Tinto-led Simandou iron ore project could rise to as much as $20 billion
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Thailand’s solar industry has so far shrugged off government alarm at the scale of its success. A new tariff regime will offer few improvements to the existing lender-friendly model. By Thomas Blott.
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Panterra Gold has closed a $12 million preferred equity financing with the Central American Mezzanine Infrastructure Fund
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Canadian Solar has closed a RMB270 million ($44 million) loan with China Development Bank for a 30MW project in western China
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May 2013
The second group of projects in South Africa’s REIPP programme had a smoother path to financial close than the first. But debt market capacity challenges lie ahead.
By Jon Whiteaker.
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Gauss Energia closed the first large solar PV project financing in Mexico with IFC and Nafinsa. It did so without subsidies or a fixed-price offtake agreement.
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The board of US Ex-Im has approved a $500 million direct loan to the Oyu Tolgoi copper and gold mine expansion.
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Regional interest in newly-rehabilitated Myanmar is intense, especially from potential advisers. Despite recent reforms, government will need to overcome decades of turmoil and underinvestment. By Antony Collins
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The financing for the first phase of the Gebze-Izmir toll concession closed with an all-domestic lending group. It highlights Turkish sponsors’ difficulties with the complexities of international bank deals.
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After a decade of delays, the financing for the Italian BreBeMi toll concession has closed. It gets around banks’ tenor constraints in a way that will be hard to replicate.
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An influx of foreign project debt and equity would help reverse Egypt’s downward economic spiral. But political infighting and constrained local debt markets mean that Egypt’s project finance market is going nowhere fast. By Emma Lindsay.