DEWA signs 35 year PPA with Dubai Municipality for DWMC
DEWA has signed a 35-year Power Purchase Agreement (PPP) from Dubai Waste Management Centre (DWMC), the world’s largest and most efficient waste-to-energy centre. The new agreement between DEWA and Dubai Municipality aims to support Dubai Government’s directions in the field of clean and sustainable energy, serve sustainability and the circular economy, as well as enhance cooperation between the two sides. The agreement was signed during the World Government Summit 2023 in Dubai.
Tribe secures Commercial Registration in Saudi Arabia
Tribe Infrastructure Group (Tribe) has secured commercial registration in the Kingdom of Saudi Arabia as part of its international expansion.
The move provides Tribe access to one of the world’s fastest growing infrastructure project finance markets supporting Saudi Arabia’s development under the Vision 2030 programme. Tribe’s Saudi headquarters will be based in the capital, Riyadh.
J-Power to join Markham in development of Hydro projects in Mindanao, Philippines
Markham Resources Corporation (Markham) has secured a co-investment and operations partnership with Japan’s Electric Power Development Co., Ltd (J-Power) for two hydro-electric projects in Mindanao, Philippines. Tribe Infrastructure Group acted as the sole financial advisor to Markham on the sale process.
Masdar, Tribe joint venture secures AUD48.2 million grant from Australian government for Maryvale Energy from Waste facility
The state-of-the-art Maryvale energy from waste (EfW) facility is expected to process 325,000 tonnes of residual waste, and convert it to energy to power a large-scale manufacturing process.
The project requires an investment of more than AUD600 million and will commence construction in 2022.
Tribe conducts project finance training for EWEC
Tribe Infrastructure recently delivered comprehensive training on project finance and financial modelling to employees of the Emirates Water and Electricity Company (EWEC). The training course was delivered in Tribe’s offices at Abu Dhabi Global Market and reinforces Tribe’s commitment to knowledge sharing and technical training.
Warsan WtE wins PFI Deal of the Year
THe Warsan Waste to Energy project has won the prestigious PFI Deal of the Year award for the Middle East & Africa region in 2021, cementing its position as a leading example of sustainable energy solutions in the region. The project, which was procured by Dubai Municipality, has been recognised for its innovative approach to waste management and energy production.
Tribe relocates to expanded office accommodation at ADGM
Tribe Infrastructure Group has relocated to new accommodation on level 21 of Al Sila Tower at ADGM on Maryah Island. The move comes as part of the company’s continued expansion and is supported by the Abu Dhabi Investment Office (ADIO) under its AED 2 billion Innovation Programme.
Tribe Infrastructure Group receives ADGM FSRA license to manage a collective investment fund
Tribe Capital Partners Limited (Tribe Capital) has been granted a financial services permission (FSP) from the ADGM Financial Services Regulatory Authority to carry on the Regulated Activity of Managing a Collective Investment Fund
Masdar and Tribe establish joint venture for energy from waste projects in Australia
Joint venture was announced at the inauguration of the Australia-United Arab Emirates Business Council in Sydney, Australia.
The joint venture will develop energy from waste projects in Australia to provide solutions for some of the 27 million tonnes of waste landfilled each year.
Tribe joins consortium developing Maryvale Energy from Waste
The Maryvale Energy from Waste (EfW) project has marked three important milestones in its plan to deliver a state-of-the-art EfW facility, located at the Maryvale Mill in the Latrobe Valley, Victoria, Australia.
EWEC appoints Tribe as Lead Advisor on Abu Dhabi Waste to Energy
Tribe Infrastructure Ltd (Tribe) has been appointed by Emirates Water & Electricity Company (EWEC) to provide financial and lead transaction advisory services in relation to the Abu Dhabi and Al Ain waste to energy projects.
Masdar and Tribe sign joint venture agreement: East Rockingham waste-to-energy project
Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has made its first investment in Australia after acquiring a 40 per cent stake in the country’s second utility-scale waste-to-energy (WTE) facility, the company announced today at Abu Dhabi Sustainability Week (ADSW) 2020.
CEFC provides financing facility to East Rockingham energy from waste project
CEFC is making available an AUD 57.5 million subordinated debt facility to the East Rockingham EfW project, in a first of its kind transaction for the EfW sector in Australia.
ARENA announces grant to East Rockingham WtE Project
ARENA announced AUD 18 million in recoupable grant funding to develop Australia’s second large scale energy-from-waste plant in Western Australia.
TRIBE advises international consortium on securing USD 1bn project financing for landmark 1,800MW power project in Sharjah
Tribe partnered with Alderbrook Finance to advise an international consortium on the debt financing of the 1,800MW Hamriyah IPP