Teck Resources Limited announced the signing of a US$2.5 billion limited recourse project financing
facility to fund the development of the Quebrada Blanca Phase 2 (QB2) project..
The waste supply agreement (WSA) with Bee'ah and power purchase agreement (PPA) with the Sharjah Electricity and Water Authority (SEWA) also enhanced the bankability of the project, initiating a first-of-its-kind deal in the region's project financing
Mubarak al Naamany, chief financial officer at Duqm Refinery said, 'The multi-sourced financing signed for the project is not only the largest project financing
in Oman, it also includes the largest Sharia'a-compliant facility awarded to a green field project in the country provided by a consortium of Islamic financing institutions.'
There are other alternative sources of project financing
, such as floating rate notes, commercial paper, and funding from export credit agencies and multilateral development banks.
With a range of high profile clients, the acquisition of Kabco supports shared plans to meet increasing demand of project financing
on a global scale, as we are offering more services to new clients from different project sectors."
The Bank was established to support countries of the formerEastern Blocin theprocess of establishing their private sectors.To that end, it offers "project financing
" for banks, industries and businesses, for new ventures or existing companies.
and Petrochemicals Project Financing
of the Year 2017 from TXF.
CEO and Chairman of the Executive Board of Sberbank Herman Gref commented: "Project financing
of high-tech non-commodity sectors and infrastructure requires combined expertise and resources from different classes of investors and lenders.
He said Japanese mega banks, such as Mizuho Bank Ltd., also have vast experiences in project financing
, as well as advisory services.
The industrial sector's projects acquired 10% of the total projects financed by the fund, and freelance project financing
is roughly EGP 32.11m for 965 projects.
Rabobank Group is a global financial services company providing wholesale and retail banking, leasing, real estate, and renewable energy project financing
in 45 countries.
The Perfect 10 Award is the second award this quarter to recognize Seabras-1 as the first export credit agency-backed project financing
of a subsea cable project in the 160-year history of the global telecommunications industry.