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AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

Japan to review coal power export policy

Japan's environment minister Shinjiro Koizumi has said the government plans to review the country's coal power plant export policy, speaking on Tuesday 25 February (2020) after a Cabinet meeting

EIB invests in Lithuanian wind

The European Investment Bank (EIB) is to invest Z258 million ($65 million) to build the 94MW Pomerania wind farm project in Poland owned by Lithuania’s Ignitis Group

IFC raises trade finance limits for Vietnamese banks

The IFC has increased trade finance limits for four client commercial banks in Vietnam to improve their capacity to cover SME payment risks following the COVID-19 outbreak

Adviser sought for ADB-backed hospital PPP in Kazakhstan

The Ministry of Health’s transaction adviser has invited today (25 February) expressions of interest by consultants to help on a hospital PPP project in Kazakhstan’s fourth most populous city

AfDB signs grants for Burundi port upgrade

The African Development Bank has signed with Burundi’s Ministry of Finance two grants totalling €23.4 million for the renovation of Bujumbura port on Lake Tanganyika

Petrobras to compete in power auction

Petrobras has announced it will compete in the next A-4 power auction in Brazil, scheduled for April (2020)

IFC in Burkinabe energy storage collaboration

Burkina Faso’s Ministry of Energy (MoE) has signed with the IFC an agreement to collaborate on energy storage – to assess the potential for the private sector to support such projects in the West African state

World Bank recruits Pakistan rail adviser

The World Bank Group has invited this week (February 2020) firms to assist with improving two rail lines in Sindh province − a roughly 165km passenger and freight passageway and a nearly 50km freight corridor

IFC appoints new MENA director

The International Finance Corporation (IFC) has announced Beatrice Maser as its new director for its interests in the Middle East and North Africa. The Swiss national will direct the World Bank Group member’s long-term strategy in the region

Deutsche Bank promotes Avot to Asia head of TFFI

Deutsche Bank has promoted Sebastian Avot as the new head of distribution & credit solutions and trade finance for financial institutions (TFFI) for Asia Pacific

IFC seeks advisers for Timor-Leste airport project

The IFC has invited expressions of interest from international legal and technical advisory teams to assist on the transaction structuring and tender implementation of a brownfield airport PPP in Timor-Leste

CDC appoints investment manager

The UK's development finance institution CDC Group has promoted Borja García Fernandez to investment manager this month

Maoneng and Chinese panel maker form Australian solar JV

Australia-based renewables developer Maoneng have formed a joint venture with CHINT New Energy, a solar panel manufacturer and EPC contractor based in Zhejiang province, China

AFC and FMO fund Djibouti wind farm ahead of debt financing

An Africa Finance Corporation-led consortium has fully-financed on balance sheet the $100 million ($108 million), 60MW Ghoubet wind farm in Djibouti’s Arta region

EKF and EKN back Tanzania railway financing

Tanzania’s Ministry of Finance has signed on a $1.46 billion loan facility with 17 banks and two Scandinavian ECAs for the first and second phases of the 1,224km Standard Gauge Railway (SGR) project

IDB Invest finances DG solar in Brazil

IDB Invest has provided a $110 million loan to Banco Cooperativo Sicredi to promote access to financing for distributed generation solar projects in Brazil

AIIB to approve loan for Ibri II

The Asian Infrastructure Investment Bank is set to approve a $60 million loan for ACWA Power’s $385 million, 500MW Ibri II solar PV – located 28km north of the town of Ibri, Oman