Wednesday, 22 May 2019

Issue : PFI Issue 539 - October 22, 2014

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  • Indonesia

    Plugging the gap – Three new players

    Features | 22 October 2014

    Given the evident need for new infrastructure, driven by Asia’s continued population and economic growth, businesses and governments alike will be encouraged by the emergence of three new Asian funding sources. By Nomita Nair and Robert Gross, partners, project finance, at Berwin Leighton Paisner LLP.

  • Japan

    Japan's FiT flies close to the sun

    Features | 22 October 2014

    Spurred into action by the 2011 Fukushima nuclear meltdown, the National Diet of Japan seized on popular anti-nuclear sentiment and passed sweeping legislation to encourage the development of the nation’s renewable energy resources. By Dan Brown and Celeste Koravos, DLA Piper.

  • PF up 17.9% in Q3

    People & Markets | 22 October 2014

    Global project finance loans reached US$177.7bn the first three quarters of this year, up 17.9% from US$150.6bn in the same period last year, according to Thomson Reuters. The Americas was up 57.8% from US$35.3bn to US$55.7bn, Asia-Pacific was up 15.5% from US$41.4bn to US$47.8bn and EMEA was down 1.2% from US$70.9bn to US$70.1bn. SMBC topped the global MLA table followed by BTMU, BNP Paribas, Mizuho, Credit Agricole, ING, CBA, HSBC, SG and Natixis.

  • Tucker goes

    People & Markets | 22 October 2014

    Giles Tucker is believed to have left Royal Bank of Canada in London, where he was head of infrastructure finance. In the summer, the bank combined the utilities and transport teams under Dai Clement to form a new utilities, infrastructure and services team. Transport head Tucker became head of transportation and social infrastructure (PFI issue 533).

  • ING infra movers

    People & Markets | 22 October 2014

    Ali Miraj is moving across from loan syndications to take a permanent role within ING’s infrastructure finance team, headed by Michael Dinham, in London. Stefan Ben, a experienced director in the London team, is moving to Sydney to help develop the infrastructure business in Australia. He will be joining Charles Ho, who moved from the Singapore Utilities/Power team to Sydney at the start of this year.

  • Kenon to list IC assets

    People & Markets | 22 October 2014

    Israel Corp is to list a range of assets, including its IC Power and IC Green Energy subsidiaries, in a new company, Kenon Holdings  on the Tel Aviv and New York stock markets. It will inject US$100m into the new business and provide a US$200m loan. IC Power is involved in projects in Peru through its Inkia Energy arm.

  • Gunvor loan out

    People & Markets | 22 October 2014

    Switzerland-based trader Gunvor has launched a US$900m one-year and three-year revolver into syndication through ABN AMRO, Credit Suisse, DBS, ING, Natixis, Rabobank, SG and UBS.

  • Afren fires Shahenshah

    People & Markets | 22 October 2014

    London-based African oil independent Afren has fired its chief executive officer (CEO) Osman Shahenshah plus chief operating officer (COO) Shahid Ullah and associate directors Iain Wright and Galib Virani as part of its ongoing investigation into unauthorised payments from third parties. The company is seeking to recover the payments.

  • Lund to BG

    People & Markets | 22 October 2014

    BG has appointed Statoil chief executive officer (CEO) Helge Lund as its new CEO, with effect from March 1 next year. The appointment drew immediate comment on the size of Lund’s BG pay package – up to £29m if share incentives over five years are built in. The Lund share incentive scheme will need to be approved by a special shareholder general meeting.

  • Quinn to head Balfour Beatty

    People & Markets | 22 October 2014

    Leo Quinn has been appointed the new chief executive officer (CEO) at UK contractor Balfour Beatty. He joins on January 1 from technology solutions company QinetiQ, where he was CEO for five years. He will receive £800,000 pa plus pension and benefits.