Latest News

Myanmar tenders ADB-backed transmission

Myanmar’s Ministry of Electricity and Energy (MOEE) has today (18 March) invited international competitive bids to design, supply, install and commission the 286km, 230kV Mawlamyine-Ye-Dawei transmission line package

EIB’s Delia moves to AXA XL

European Investment Bank (EIB) senior banker Mike Delia has this month (March 2019) joined AXA XL as a senior underwriter in London

Osaka Gas awards EPC contract for Hirohata biomass

Osaka Gas and partner Kyuden Mirai Energy have awarded the EPC contract for the 75MW Hirohata biomass power plant in Himeji city to Nippon Steel & Sumikin Engineering

Management shuffle at Piraeus Bank

Piraeus Bank has hired Eleni Vrettou as executive general manager for its corporate and investment banking division in Athens

EIB signs loan for Palestine solar rooftop

The European Investment Bank has signed with the Palestine Investment Fund an $18 million loan for the $36 million, 35MW solar rooftops project in the West Bank and East Jerusalem

IFC to lend on Atinkou gas-fired

The IFC is to sign a €120 million loan for Eranove's 390MW Atinkou combined-cycle gas power plant in Jacqueville, near Abidjan

EIB supports Morocco road upgrade

The European Investment Bank has signed an €80 million loan with the Société Nationale des Autoroutes du Maroc to upgrade the Casablanca-Berrechid road

Japan boosts Uzbek telecoms with export credit

Two Japanese financial institutions and the Uzbek export-import bank signed this week a $70.56 million export credit line agreement to support the development of a nationwide data communication system in the Central Asian market

Siemens buys into Greenko’s Poovani wind farm

Siemens Financial Services has signed an agreement to take a 46% equity stake in Indian developer Greenko’s 200MW Poovani wind farm in Tamil Nadu

Klein named as LC Lite head of funding

Former JP Morgan banker Duncan Klein has joined the board of LC LITE, the recently launched blockchain-based platform for letter of credit, and been named its head of funding

ADB issues record tenor Komodo bond

Asian Development Bank announced today that it has issued $84.1 million in offshore Indonesian rupiah-linked bonds – the fourth time the multilateral development bank has tapped the debt capital markets this year

Insolvent contractor removed from DFI-backed Tanahu hydro

The Nepal Electricity Authority-owned project company Tanahu Hydropower has terminated a contract with CMC Ravenna for the hydropower project in Nepal, after the Italian company became insolvent

JICA signs loan for Colombo LRT

Sri Lanka has signed a $269.8 million loan agreement with Japan International Cooperation Agency to develop a light rail transit system in the capital city

Financial close on AFC bridge loan for Singrobo hydro

Ivoire Hydro Energy has reached financial close on a €149.6 million bridge loan facility provided by the AFC, paving the way for construction to start on the 44MW Singrobo-Ahouaty hydropower project on the Bandama River in Côte d’Ivoire

ADB seeks advisers on Myanmar road concessions

Asian Development Bank issued over the weekend a request for expressions of interest from law firms to assist Myanmar’s Ministry of Construction on improving four brownfield road concessions, including the Yangon-Pathein toll road

KfW extends loan programme to German start-ups

State-owned development bank KfW has announced that it will start offering German start-up companies promotional loans from July 2019