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IFC board to hear $15.75M loan proposal for 40-megawatt NSL wind farm project in India early next year

International Finance Corporation, the private sector financing arm of the World Bank Group, has proposed to provide a $15.75 million debt financing to NSL Renewable Power. NSL plans to build a 40-megawatt wind farm in Maharashtra, India.

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Fukushima Nuclear Disaster

Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.

The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.

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General Motors office

General Motors to spend $1.3 billion in developments of five plants in the US

General Motors Co announced its plans on Monday to invest about $1.3 billion in its five plants across the US to improve its output and create a new transmission, according to a Reuters report.

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Berry Plastics Group Inc

Private equity-backed Berry Plastics Group looks to refinance debt

A Bloomberg report said Berry Plastics Group Inc is seeking to refinance its debt, offering to pay 2.75 to 3 percentage points more than the London interbank offered rate.

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mobile app

Mobile rewards network PaeDae receives USD11.6 million in debt and equity round

PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.

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Banks sell Stemcor's loans to hedge funds-bankers

Lenders to troubled Stemcor, the world's largest steel trader, have been selling their exposure to hedge funds and distressed debt specialists before a key restructuring deadline on December 13, banking sources said on Monday.

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Funeral Ceremony of Sandy Hook Elementary School Shooting Victim

After failure to dispose Freedom Group, Cerberus offers investors opt-out strategy

After failing to dispose of Freedom Group, private equity firm Cerberus Capital Management has proposed to buy out shares of investors who want to exit their investments in the gunmaker.

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Wang Jing

Billionaire Wang Jing strikes partnership with Kievgidroinvest for Ukraine port development

Beijing Interoceanic Canal Investment Management Co announced the joint venture of billionaire Wang Jing and Ukrainian partner Kievgidroinvest LLC to construct an economic development zone and port on the Crimean peninsula.

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Solar Farms

China WindPower secures USD81 million funding from China Development Bank

China Development Bank Corp. has committed CNY490 million (USD81 million) to clean-energy operator China WindPower Group's solar farm projects in two Chinese provinces. CDB has provided a total of CNY1.23 billion to China WindPower's previous projects.

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Prime Minister Shinzo Abe

Abe's cabinet approves USD182 billion economic stimulus plan for Japan

The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.

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Square 1 bank

Square 1 Bank provides $4.5M loan to Chicago-based Sittercity

A USD 4.5 million credit facility was granted to Chicago-based online provider for in-home care Sittercity by Square 1 Bank, a bank that exclusively caters to the needs of entrepreneurs and the venture capital community.

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Startup's biggest funding comes from family, friends - Fundable

Friends and family of startups were found to be its biggest supporters, shelling out USD23,000 in a business on average, totaling USD60 billion in fresh capital annually, based from data collected by online crowdfunding platform Fundable.

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Gaelectric raises EUR90 million for wind project

Gaelectric has received a funding of over EUR90 million from Irish and German sources for its third operating wind farm project in Dunbeg. Earlier this year, the wind farm company nabbed EUR65 million in debt financing.

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Eike Batista

Beleaguered OGX seeks USD150 million in fresh capital from bondholders

Brazilian oil company OGX is reportedly in talks with bondholders about a USD150 million capital infusion in the struggling firm. OGX previously reported a loss of BRL2.1 billion and filed for bankruptcy with USD4 billion in debt.

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