Latest News

President of Colombia's FDN steps down

Clemente del Valle, president of the Colombian development institution Financiera de Desarollo Nacional, has stepped down

Zimbabwe cancels Bulawayo rehab contract

Zimbabwe Power Company has cancelled a $133 million contract for the rehabilitation of the 90MW Bulawayo thermal power plant originally awarded to Indian EPC contractor Jaguar Overseas

IDB supports financing for Ecuadorean water company

Ecuador’s water utility company Empresa Pública Metropolitana de Agua Potable y Saneamiento has closed on financing to improve and expand wastewater treatment facilities

Azito gas-fired expansion nears financial close

Africa-focused power developer Globeleq is nearing financial close on the €350 million fourth phase expansion of the 430MW Azito gas-fired power plant near Abidjan

Bids in for IFC-backed Uzbekistan solar

State-owned power utility Uzbekenergo has received RFQ submissions from 23 companies to develop a 100MW solar farm in Uzbekistan's Navoi region

Re-advertisement on Cambodia’s transaction adviser search

Asian Development Bank issued over the weekend a second re-advertisement request for expressions of interest from transaction advisory firms to assist Cambodia's Ministry of Public Works on a trade logistics complex PPP project

AES Tietê acquires Brazilian wind assets

Renova has accepted a binding offer presented by AES Tietê to acquire the 400MW Alto Sertão III wind complex

RFQ nears for IFC-backed Montenegro Airports

The request for qualifications for the concession for Montenegro’s Podgorica and Tivat airports is now expected to be issued in April (2019), later than previously expected

ECAs sign on BAPCO's Sitra refinery expansion

State-owned Bahrain Petroleum Company (BAPCO) is set to close on the $6 billion expansion of the Sitra oil refinery within the next two weeks

Potential Vineyard wind participant identified

A perhaps unsurprising name is in the frame as a potential participant in the financing of Avangrid Renewables and Copenhagen Infrastructure Partners' 800MW Vineyard offshore wind project off the coast of Massachusetts

ADB invests in company targeting Indian solar

The Asian Development Bank has signed an agreement to invest $50 million in the company Avaada Energy Private, to contribute funding as the company seeks to rapidly scale up in Indian solar PV

ADB supports Mongolia solar

ADB has signed an $18.7 million loan to BOM the Sermsang Khushig Khundii (SKK) solar project – a 15MW PV plant in Mongolia

Bolero names new CEO

Trade finance platform provider Bolero International has named Andrew Raymond as its new CEO, replacing Ian Kerr

Cocobod signs $330m trade facility

Ghana’s Cocobod has today (13 March 2019) signed on a new three-year $300 million receivables-backed trade finance facility

Griffiths hired for trade role at Bibby

UK-based SME finance provider Bibby Financial Services has appointed Gary Griffiths as managing director of trade finance

India Exim Bank signs loans for DRC solar PVs

The Export-Import Bank of India has signed with the government of the DRC up to $83.11 million in loans for the development of three solar PV projects with a combined installed power capacity of 35MW in the Central African State

EBRD signs loan for Morocco renewables

The European Bank of Reconstruction and Development has signed with the BMCE Bank of Africa a €10 million loan for the purpose of onlending to renewable energy projects in Morocco