Latest News

OPIC provides debt funding to ReNew Power

Overseas Private Investment Corporation is providing a second round of debt financing to India’s ReNew Power

IFC signs loan for Comoros telecom

The IFC has signed with Telecom Comores a €13 million loan for a $74 million project to expand the company’s mobile network on the island of Comoros

Türk Eximbank signs loan with IITFC

Türk Eximbank has signed on a $380.5 million loan with a bank syndicate led by the International Islamic Trade Finance Corporation (IITFC)

Zambia pushes forward with KfW's GET FiT

The government of Zambia is pressing on with its two ongoing rounds of KfW's GET FiT Zambia programme – with a third round soon to follow

ADB issues RFP for Uzbek gas transmission

Asian Development Bank has invited shortlisted consulting teams to submit proposals to conduct due diligence on a proposed loan for a $300 million gas transmission efficiency enhancement project in Uzbekistan

SMBC test-drives blockchain platform Marco Polo

Japanese bank SMBC has confirmed it has completed a proof of concept of Marco Polo, the trade finance platform powered by Corda blockchain technology

EOIs out for ADB-backed Bangladesh toll road

Bangladesh has set a deadline for firms to submit EOIs for the first phase of the $4 billion Dhaka-Chattogram toll expressway PPP

EBRD signs TF loan with Uzbek bank

The European Bank for Reconstruction and Development (EBRD) has signed a $5 million senior loan with Uzbekistan-based Ipak Yuli Bank for trade finance lending

EIB reviews French offshore wind support

The European Investment Bank is reviewing loans for two French offshore wind farm projects – the 498MW Fécamp and 480MW Saint-Nazaire projects

DFIs back Armenian CCGT

Italy's RenCo and Siemens Power Ventures have reached financial close on the $260 million, 240MWt Armpower power project in Yerevan, Armenia

Riau gas-fired targets Q1 financial close

Medco Power and Ratchaburi Electricity, sponsors on the 275MW gas-fired power plant in Riau province on Sumatra Island in Indonesia, are aiming to reach financial close on the ADB and IFC-backed project by the end of March

Consultants sought for Ethiopian hydro projects

Ethiopia Electric Power has invited EOIs from consultancy firms to carry out AfDB-supported early-stage studies for five hydropower projects with a combined installed capacity of 1,097MW

EBRD mulls Xorazm wastewater support

The EBRD board will discuss in July a $75 million sovereign loan to the Uzbekistan government, after a review of a wastewater infrastructure rehabilitation project in Xorazm

SBM signs new $1bn revolver

Dutch marine engineer SBM Offshore has signed a five-year revolving credit facility agreement for $1 billion

Tender for ADB-backed Malolos-Clark railway civil works

The Philippines' Department of Transportation has launched the civil works tender for the first civil works phase of the 53km rail connecting Malolos to Clark International Airport in Manila

Koroleva named partner at gunnercooke

Law firm gunnercooke has appointed Veronika Koroleva as a partner in its banking and finance department in London