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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

ADB approves Indonesia geothermal loan

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

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

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

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

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

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

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

WA Water Corporation aboard for hydrogen, graphite pilot

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

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

Neptune terminates Edison deal

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

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

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

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

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

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

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

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