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US Ex-Im Bank board approves Indian 100MW CSP project in India

US Ex-Im Bank has announced that its Board of Directors has approved an export finance loan of US$ 80.3 million as part of the debt financing for a 100MW concentrating solar power (CSP) project in Rajasthan, India sponsored by Reliance Power Limited. Debt is being co-financed by the Asian Development Bank and FMO, the Dutch […]

Reliance Power closes 40MW solar PV project in India

Financial close and first disbursement has been reached on Reliance Power’s 40 MW Dahanu solar power project in Rajasthan, India. US Ex-Im Bank, advised by Portland Advisers, has provided a US$ 65.3 million direct loan to Dahanu Solar Power Private Limited, a wholly-owned subsidiary of Reliance Power Limited, with the Asian Development Bank as co-lender […]

Samalkot achieves financial close

Financial close has been reached on US Ex-Im Bank’s US$ 578 million loan to Samalkot Power Limited. Portland Advisers acted as financial advisor to US Ex-Im Bank. The Ex-Im loan is part of the financing for the $2.5 billion 2,440MW Samalkot Power Project located in Andhra Pradesh, India, a combined cycle gas turbine plant 100% […]

Reficar achieves financial close

The financing for the US$ 5 billion refinery and upgrade project in Cartagena, Colombia being undertaken by Refinería de Cartagena S.A. (Reficar) was signed on 31 December 2011. Reficar is a majority owned and controlled independent subsidiary of Ecopetrol S.A., Colombia’s national oil company. US Ex-Im Bank provided a direct loan and loan guarantees totalling US$ […]

US Ex-Im Bank appoints Portland on Samalkot

Portland Advisers has been appointed as financial advisor to US Ex-Im Bank on the $2.5 billion 2,440MW Samalkot Power Project in Andhra Pradesh, India sponsored by Reliance Power Limited. Ex-Im is supporting the purchase of gas turbines and steam turbines from GE as well as other US goods and services. It is intended that the […]

Board Approval from US Ex-Im for Reficar

US Ex-Im Bank has announced that its Board of Directors has approved a $2.84 bilion direct loan as part of the debt financing for the $5.18 billion Reficar Expansion and Upgrade Project at Cartagena on Colombia’s Caribean coast. The financing  will support the purchases of equipment and services from over 150 large and small U.S. […]

Portland appointed adviser to US Ex-Im Bank on major refinery expansion project

Portland has won a second major financial advisory mandate this year from US Ex-Im Bank. It is advising in relation to the $4.6 billion expansion and upgrade project being undertaken by Refineria de Cartagena S.A. (Reficar), a subsidiary of Ecopetrol S.A., Colombia’s national oil company. The project will see the refinery’s capacity increase from 80,000 […]

GDF SUEZ closes financing for Barka 3 and Sohar 2 Independent Power Projects

On 16th September 2010 a consortium led by GDF Suez SA and advised by Portland Advisers completed a $1.3bn long term debt financing for two independent power projects in Oman. The projects are greenfield natural gas-fired power plants with capacity of 744 MW each. . Total investment cost will be around $1.7bn for both projects. […]

Portland wins first mandate to advise US Ex-Im Bank

Portland Advisers has been appointed as financial adviser to the US Export-Import Bank in connection with its support for the financing of the 4,000 MW US$ 4.7bn Sasan Ultra Mega Power Project in Madhya Pradesh, India being sponsored by Reliance Power Limited. Sasan UMPP is an integrated power and coal-mining project covering the open-cast mining […]