Kazakhstan’s first PPP reaches financial close
The project company of a 66km ring road around Almaty, Kazakhstan has reached financial close on a $585 million debt financing, following nearly 7 months of clearing conditions precedent
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ADB approves Indonesia geothermal loan
- David Doré
Asian Development Bank has approved a $300 million loan to Indonesian state-owned company Geo Dipa Energi to finance the expansion of geothermal assets
Zambia signs solar deal with PowerChina
- Export and Agency
- Africa & Middle East
- James Hebert
Zambia’s power utility ZESCO has signed with Chinese state-owned energy developer PowerChina three contracts worth $548 million to develop utility-scale solar power plants with a combined power output of 600MW
EIB finances Polish solar
- Export and Agency
- Europe
- Sophie Mellor
Energy Solar Projekty – a subsidiary of a fund managed by Lords LB Asset Management – has raised the project finance debt for a 66MW solar portfolio in north Poland
IDB backs up Enel distribution network in Chile
- Export and Agency
- Americas
- Carmen Arroyo
Enel Green Power's distribution subsidiary in Chile, Enel Distribución, is negotiating a debt package with IDB Invest to ease its Covid-19-related liquidity problems
IFC appoints Pinto to Brazil office
- Market Moves
- Americas
- Juliana Ennes
World Bank’s IFC has appointed Carlos Miguel López Leiria Pinto as its new general manager for its Brazil office
EIB extends deadline for Palestine desal advisory
- Export and Agency
- Africa & Middle East
- James Hebert
The European Investment Bank (EIB) has extended the deadline for bids from consultancy firms for the technical advisory role on the €580.3 million ($636 million) Gaza Central Desalination Plant and Associated Works Programme (GCDP)
AfDB to sign loan for government stake in Sahofika
- Export and Agency
- Africa & Middle East
- James Hebert
The African Development Bank (AfDB) has approved a €4.02 million ($4.4 million) loan for the government of Madagascar to finance its €30 million ($32.9 million) equity stake in the 205MW Sahofika hydropower project on the Onive River in the island nation
British companies become preferred contractors for hub South West
- Supply Chain
- Europe
- Maya Chavvakula
The Scottish property management firm, hub South West has chosen BAM Construct UK and Robertson Construction as preferred contractors in a supply chain update
WA Water Corporation aboard for hydrogen, graphite pilot
- Commodity
- Asia & Pacific
- Alexandra Dockreay
Hazer Group and Western Australia's Water Corporation have signed a binding three-year gas supply agreement and collaboration deed, relating to the supply of biogas and the co-location of Hazer's commercial demonstration projects at a wastewater treatment plant
Total rejigs North Sea asset sale to HitecVision
- Commodity
- Europe
- Paul Whitfield
Norwegian energy-focused private equity shop HitecVision has said it will push ahead with the acquisition of North Sea oil assets owned by Total after renegotiating some of the deal's terms
Maldives solar + storage gains momentum
- Export and Agency
- Asia & Pacific
- David Doré
A DFI is reviewing funding an $86 million solar and energy storage project in Maldives
Neptune terminates Edison deal
- Commodity
- Europe
- Arran Brown
Neptune Energy will pay a £4 million ($5 million) termination fee to halt its acquisition of Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas
Tender out for PNG transport consultant
- Export and Agency
- Asia & Pacific
- Alexandra Dockreay
The Asian Development Bank (ADB) issued a tender on 21 May (2020) recruiting a consultant for preparation of a feasibility study and detailed engineering design for a package of three highway and port projects in Papua New Guinea
IDB preps loan for Naturgy subsidiaries in Panama
- Export and Agency
- Americas
- Carmen Arroyo
Development finance institution IDB Invest is preparing a debt package for Naturgy Energy's distribution companies in Panama, which are facing liquidity problems as a result of the government's response to Covid-19
EIB raising battery investment in 2020
- Export and Agency
- Europe
- Sophie Mellor
The European Investment Bank (EIB) has announced it will increase its investments in battery-related projects to more than €1 billion ($1.09 million) in 2020
Tianqi Lithium parent looks to reduce stake
- Commodity
- Asia & Pacific
- Alexandra Dockreay
Shenzhen-listed Tianqi Lithium's controlling shareholder is planning to reduce its shareholding within six months from 3 July (2020), amid depressed lithium prices. This comes as Tianqi Lithium is exploring selling assets including its Greenbushes hard rock lithium mine in Australia
GuarantCo provides grant for Kenyan student accom
- Export and Agency
- Africa & Middle East
- James Hebert
GuarantCo – a member of the Private Infrastructure Development Group (PIDG) – has signed with Kenyan property developer Acorn Holdings a technical assistance grant to support the company’s response to the Covid-19 pandemic
EBRD assists Serbia with rural broadband rollout
- Export and Agency
- Europe
- Maya Chavvakula
The EBRD today extended an €18 million loan to the government of Serbia to help finance the construction of mid-mile broadband infrastructure
Germany to announce hydrogen strategy
- Commodity
- Europe
- Sophie Mellor
Germany’s postponed hydrogen strategy and economic stimulus package is due imminently with the country’s gas grid operators presenting a concept for a green hydrogen grid
Related Analysis
World trade opportunities – Q&A with Michael Vrontamitis
- Trade Flow
- Global
- Jon Whiteaker
Michael Vrontamitis, head of trade, Europe & Americas, Standard Chartered Bank & member of the World Trade Board tells Trade Finance how he sees the dynamics of global trade changing
Reasons for optimism
- Trade Flow
- Global
- Eriks Atvars
UniCredit’s global head of structured trade & export finance argues there is reason to remain positive for the second half of 2019
