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Thursday, 18 September 2014

Issue : PFI Issue 481 - May 16, 2012

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  • IDB raises US$20m for projects fund

    People & Markets | 16 May 2012

    The Inter-American Development Bank has received US$20m in contributions and pledges from Canada, Mexico, Spain and the US for a trust fund that will support projects designed to cut cross-border trade, transportation and logistics costs and expand trade in Latin America and the Caribbean, the IDB said.

  • Qatar eyes investments in Peru

    People & Markets | 16 May 2012

    Qatar Investment Authority, which owns Qatar Holding LLC, will visit Peru in September or October to learn about investment opportunities in various sectors of the country, including mining. The Qatari delegation is also interested in hotels, tourist complexes, telecommunications, shopping centres and real estate.

  • Assurant unveils solar insurance plan

    People & Markets | 16 May 2012

    Assurant Inc, which provides speciality insurance, has unveiled a new insurance plan for commercial solar projects. The new product, aimed at the 100kW to 3MW solar market, is designed to allow developers of commercial and industrial-scale projects to address risks that have made financing difficult. Initially, the insurance will be offered in the US.

  • House votes to reauthorise Ex-Im Bank

    People & Markets | 16 May 2012

    The House of Representatives has voted to renew the US Export-Import Bank’s charter until September 2014 and gradually raise its lending cap to US$140bn, disappointing conservative groups who wanted the nearly 80-year-old bank to die.

  • Japan gives Peru US$250m in loans

    People & Markets | 16 May 2012

    Japanese Prime Minister Yoshihiko Noda said that Japan had granted Peru US$250m in loans, to be used in various economic development programs. The announcement came after Peru’s President Ollanta Humala’s meeting with Noda, as part of Humala’s first official visit to Japan.

  • ProInversión and BTMU sign pact

    People & Markets | 16 May 2012

    ProInversión, Peru’s private investment promotion agency, and Bank of Tokyo-Mitsubishi UFJ have signed a co-operation agreement aimed at promoting investment between Peruvian and Japanese companies, said ProInversión executive director Milton von Hesse, who was in Japan accompanying Peru’s President Ollanta Humala on a three-day visit.

  • ISA eyes six transmission tenders

    Americas News | 16 May 2012

    ISA, the state-owned transmission group, plans to participate in six tenders for new projects across the region during the remainder of the year, the company said in its first-quarter results presentation. Three of the tenders the company wants will be held in Peru, consisting of 220kV lines Carhuaquero–Cajamarca Norte–Moyobamba, Moyobamba–Iquitos and Machupicchu–Tintaya. ISA said investments in the three tenders, scheduled for the second half of 2012, would reach US$535m

  • Havana mulls wind farms

    Americas News | 16 May 2012

    Cuba is studying the construction of eight new wind farms by the year 2020 with a potential generating capacity of 280MW, the official Juventud Rebelde newspaper reported. Installing these wind turbines would require “a significant amount” of investment, the director of emergency power generation and renewable energy sources, Aleisly Valdes Viera, told the newspaper, without providing figures.

  • Govt seeks US$100m for natural gas firm

    Americas News | 16 May 2012

    The government is trying to raise J$8.7bn (US$100m) of equity to capitalise the natural gas company formed to oversee the commercial operations of the liquefied natural gas market. Also, the end-users will need standby letters of credit worth a further US$100m.

  • Govt approves Chinecas hydro project

    Americas News | 16 May 2012

    The government has approved the Chinecas hydroelectric project, which will require S$1.4bn (US$530m) and involve public and private investment. The project will be on the country’s northern coast and it is designed to increase agriculture exports. Peru is the world’s largest exporter of asparagus, organic bananas and organic coffee, said ProInversión, the government’s private investment promotion agency.

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