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31 July 2019
in
Social infrastructure, Traditional energy

Transnet gets IFC support for South African LNG project study

The IFC has committed $2 million to aid freight logistics firm Transnet to conclude a feasibility study for the development of an LNG storage and regasification terminal...

31 July 2019

European Investment Bank proposes end to fossil fuel lending

The European Investment Bank wants to stop funding new fossil fuel-reliant projects by the end of 2020, a draft of the EU lending arm’s new energy strategy...

31 July 2019

EIB, CEB provide €1.5bn in financing for school buildings in Italy

The European Investment Bank (EIB) and Council of Europe Development Bank (CEB) have agreed financing worth a total of €1.555 billion to modernise Italian...

31 July 2019

Virginia Brandon is new World Bank representative for Chile

Virginia Brandon has been named as the new World Bank representative in Chile. She will replace Gaston Blanco, who held the position for the past three...

31 July 2019

KfW-IPEX helps finance expansion of India's JSW Steel

Germany's KfW IPEX-Bank has agreed a €48.5 million export financing loan to help fund several expansion and modernisation programmes of Indian steel producer JSW...

30 July 2019
in
Social infrastructure

EBRD supports Ukrainian urban transport renewal

The EBRD has launched a €250 million facility to finance urban transport renewal in Ukraine, under its recently approved Ukraine Public Transport Framework II.The...

30 July 2019
in
Manufacturing, Traditional energy

EuroAsia Interconnector EPC mandates due by September

The official visit of the Prime Minister of Greece Kyriakos Mitsotakis to Cyprus this week significantly boosted the implementation process of the $3.5 billion EuroAsia...

29 July 2019
in
Renewable energy, Traditional energy

Engie wins 29MW Spanish biomass project

Engie has been awarded a 25-year government contract to set up and operate a 29MW biomass heating plant in Pamplona, Spain. The first 14.5MW phase of the plant will...

26 July 2019
in
Manufacturing, Renewable energy, Traditional energy

DBSA appoints acting head for IPP Office

The Development Bank of South Africa has appointed Sandra Coetzee as acting head of the Independent Power Producers Office following the removal of former boss...

25 July 2019
in
Renewable energy

LongWing closes on Zaporizhia wind phase 1 financing

LongWing Energy, GE Energy Financial Services (GE EFS) and VLC Renewables (a Jersey-based fund established by Vitol and Low Carbon) have reached financial close on a $150...

25 July 2019
in
Traditional energy

Azito 4 expansion financing progressing

Azito Energie – 77% owned by Globeleq Africa Holding Limited and 23% by Industrial Promotion Service (West Africa) – has raised DFI commitments to a €264...

25 July 2019
in
Renewable energy

EBRD, AIIB and BSTDB co-finance geothermal plant in Turkey

The EBRD, Asian Infrastructure Investment Bank (AIIB) and Black Sea Trade & Development Bank (BSTDB) will co-finance a $350 million debt package to add close to 100MW...

24 July 2019
in
Renewable energy

Genneia secures financing for 151MW Argentine wind project

Argentine thermal and renewable energy producer Genneia SA has secured the financing for the 151MW Puerto Madryn II wind project, the second stage of the 222-MW Parque...

24 July 2019
in
Social infrastructure

Uganda planning 10 Expressways for Kampala

The Ugandan government is working with JICA to signalise at least 30 Kampala city junctions to ease traffic congestion. The Japanese government has offered funding and...

23 July 2019

EBRD agrees debut trade finance facility to Piraeus Factoring

The EBRD has agreed to provide a €10 million trade finance facility to Piraeus Factoring, the first company in Greece to be supported by the EBRD. Building on the...

23 July 2019
in
Renewable energy

MIGA guarantees KaXu solar plant

MIGA has issued a $98.6 million guarantee to Atlantica Yield for the ownership and operation of the 100MW KaXu Solar One solar power plant in South Africa. The...

23 July 2019
in
Renewable energy

CBEA invests in Tanzania mini-grids

CrossBoundary Energy Access (CBEA), a fund financing African mini-grids, has signed an agreement with off-grid supplier PowerGen Renewable Energy to finance 60 mini-grids...

23 July 2019

AfDB agrees $300m facility for TDB

The African Development Bank (AfDB) has approved a $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB). The COMESA...

22 July 2019
in
Renewable energy, Traditional energy

AFD backs upgrades for two hydro plants in Pakistan

Agence Francaise de Developpement (AFD) signed a €50 million loan ($62 million) and a grant of €200,000 last week for the Pakistan government to finance the...

22 July 2019

MIGA supports $9.9bn development finance deals in FY2019

The Multilateral Investment Guarantee Agency (MIGA) has supported $9.3 billion in development financing by using $5.5 billion in guarantees to cross-border private...