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FC deadlines for two CPEC projects extended to next year

Pakistan’s Ministry of Energy has extended the financial close deadlines of two China-Pakistan Economic Corridor projects – the $1.66 billion Matiari-Lahore transmission line and $542 million Gwadar coal-fired power plant

Snowy Hydro board approves expansion

The board of Snowy Hydro has approved the final investment decision for the so-called Snowy 2.0 expansion

PTT outbids Chevron on Gulf of Thailand blocks

Thailand’s PTT Exploration and Production (PTTEP) has secured two concessions for the Erawan and Bongkot blocks in the Gulf of Thailand, Energy Minister Siri Jirapongphan said yesterday (13 December 2018)

EU funding for Meridiam's EV charging company

Dutch electric vehicle charging infrastructure company Allego, which is 100% owned by French fund manager Meridiam, has obtained €40 million in quasi-equity investment from the EIB

Total reduces stake in Ichthys LNG in Australia

Total has signed an agreement to sell a 4% interest in the Ichthys liquiefied natural gas project in Australia to operating partner INPEX for $1.6 billion, following cost overruns and delays

BHP, ExxonMobil to develop West Barracouta gas field

BHP and ExxonMobil have made the final investment decision to develop the West Barracouta gas field in Bass Strait, off the coast of Victoria in Australia

InfraCo Africa backs Cameroon solar PV

InfraCo Africa has signed a $1.7 million convertible loan with the South African developers of the 50MW Élan solar PV in Garoua, Cameroon

Peru postpones decision on GSP pipeline

Peru's government has once again postponed a final decision regarding the Gasoducto Sur Peruano (GSP) pipeline

ADB sole investor in B Grimm's first green bonds

Asian Development Bank (ADB) is the sole investor in B Grimm Power's private placement of five- and seven-year green bonds worth Bt5 billion ($152.6 million) – the first certified climate bonds to be placed in Thailand

FMO, Symbiotics invest in Tanzania off-grid solar

Dutch development bank FMO and investment firm Symbiotics have signed a $32.5 million facility with energy access company ZOLA Electric to expand its off-grid solar operations in Tanzania

Sipchem and Sahara finally sign on merger

Saudi Arabian petrochemical companies Sahara Petrochemical Company and Saudi International Petrochemical Company have entered into a legally binding agreement for a merger of the two businesses

Belarus development bank appoints chairman

The Development Bank of the Republic of Belarus (DBRB) has appointed a new chairman of the management board

Kazakh national railway places Eurobonds

National railway company Kazakhstan Temir Zholy has issued five-year, 3.25% Eurobonds worth $172 million, with about 30 investors investing in the bonds

Central African Republic joins Afreximbank

The Central African Republic has become the latest company to join the African Export-Import Bank (Afreximbank), ratifying its membership last week (December 2018)

EBRD and EU provide funds for Egypt waste management

The government of Egypt has signed a package of loans and grants with the European Bank of Reconstruction and Development and the EU to fund waste and water management in the Kitchener Drain area

DFI-backed TAPI pipeline to start construction

TAPI Pipeline said yesterday that construction on the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline will start in Q1 2019, also predicting financial close in the same quarter despite several delays in securing financing for the $7 billion project

Nigeria launches flare gas tender

Nigeria's government is inviting bids from interested parties to offtake flare gas under its Nigerian Gas Flare Commercialisation Programme (NGFCP)

Kuwait invites bids for IWPP advisory contracts

The Kuwait Authority for Partnership Projects (KAPP) has invited bids for transaction advisory services on two IWPP projects with a combined installed power capacity of 4.5GW

PGE seeks offshore wind partner

Polish state-owned power company Polska Grupa Energetyczna is seeking a strategic partner to procure, build and operate 2.5GW of offshore wind power in the Baltic Sea