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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

ADB funds Nepal water upgrades

The Asian Development Bank (ADB) has approved a $130 million loan to improve Nepal’s water supply

AfDB approves loan for Eskom transmission

The African Development Bank (AfDB) has approved a R2.886 billion ($218 million) loan to South Africa’s power utility Eskom to fund the $255 million upgrade and expansion works of the country’s electricity transmission and distribution network

New head of PPP at World Bank

Sebnem Erol Madan has been appointed as head of the World Bank’s newly merged financial structuring and PPP practice, based in Washington DC

Round 2 of GET FiT Zambia to launch

The GET FiT Zambia secretariat, on behalf of the Zambian Ministry of Energy, has published a schedule for the second round of the GET FiT Zambia programme

ADB approves Tamil Nadu water loan

The ADB’s board has approved an up to $500 million multi-tranche financing facility for water infrastructure in India's Tamil Nadu state

Peru to launch UK infra partnership

Peru will launch an infrastructure task force in partnership with the UK government on 27 September (2018) in order to define new rules to boost and professionalize the sector in the country

Standard Chartered ends investment in coal

UK-based Standard Chartered has announced that it will no longer provide financing for new coal-fired power plants

Saudi Arabia to join China-Pakistan Economic Corridor

Saudi Arabia is to become the third country to join the China-Pakistan Economic Corridor (CEPC) initiative, one of the flagship schemes of China's Belt & Road

OPIC invests in Africa and Asia off-grid solar

The Overseas Private Investment Corporation (OPIC) has committed $25 million in financing to the Solar Energy Transformation Fund (SETF) to assist off-grid solar developments across Sub-Saharan Africa and Asia

IFC appoints three African regional directors

The International Finance Corporation (IFC) has appointed three regional directors for West and Central Africa, Eastern Africa and Southern Africa, respectively

JICA signs Rwandan transmission grant

The Japan International Cooperation Agency (JICA) has signed a ¥2.635 billion ($23.4 million) grant agreement with Energy Development Corporation Limited (EDCL) for the third phase of a $9.1 million electricity supply improvement project in Kigali, Rwanda

ADB backs Mongolia hybrid solar-wind battery storage

The Asian Development Bank (ADB) has approved a $40 million loan to develop a 41MW hybrid solar and wind farm with battery storage in western Mongolia

IFC inks Afghanistan solar PPP advisory

The government of Afghanistan has awarded the contract to develop a 40MW solar power plant to the IFC's PPP advisory service

Ferroglobe increases trade receivables facility

Silicon producer Ferroglobe has increased its trade receivables securitization facility, arranged by Finacity and ING, from $250 million to $300 million

Nepal cancels China Three Gorges’ West Seti hydro

The Nepalese government has cancelled officially China Three Gorges’ $1.6 billion MoU to build the 750MW West Seti hydropower plant in north-west Nepal

Shearman & Sterling to launch in Seoul

Shearman & Sterling is to open an office in Seoul, pending regulatory approval from the South Korean Ministry of Justice

Carbon Holdings sets FC target for petrochem

Egyptian mid-to-downstream developer Carbon Holdings has set a financial close target of Q1 2019 for its $10.9 billion petrochemicals complex

Bank responses in for Landivisiau CCGT in France

A group of 10 shortlisted banks submitted their preliminary offers to finance the 400MW Landivisiau combined cycle gas turbine (CCGT) plant in Brittany, France to sponsors Direct Energie Group and Siemens last week