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Philippines approves 7 infras worth $2.49bn

Philippines' government, led by the Macros administration, has approved 7 infrastructure projects with a total investment value of $2.49 billion

Malaysia launches 600MW VPPA

Malaysia’s government has launched an initiative with a 600MW quota for virtual PPAs between corporate consumers and solar power producers (SPP) to encourage the use of green electricity in the country

Bangladesh seeks advisers for transport

The Roads and Highways Department is seeking international consulting firms to help prepare procurement documents for multiple road projects in Bangladesh

Blended finance for India & Vietnam e-buses

The Bloomberg Philanthropies and Goldman Sachs-backed Climate Innovation and Development Fund has completed its first set of blended finance investments focused on the sustainable transport sector in India and Vietnam

ADB inks $40m for Indian e-buses

Asian Development Bank has signed a $40 million financing package with GreenCell Express Private (GEPL) to develop electric battery-powered buses in India

IFC appoints West Africa regional director

The International Finance Corporation has appointed Olivier Buyoya as its new regional director for West Africa

EIB in frame for Dakar bus network debt

The European Investment Bank is considering a €166 million loan for the government of Senegal’s €354 million project to restructure the Dakar bus network.

World Bank approves loan for Komati transition

The World Bank has approved a $487 million debt package for the government of South Africa’s Just Energy Transition of the 1GW Komati coal-fired power plant

FC details emerge on Shuaibah 3 restructuring

More details have emerged on the financial close of the $821 million deal to restructure the Shuaibah 3 IWPP into a desal-focused independent water project in Saudi Arabia

Bukit Asam taps Huadian for wind in China, Indonesia

Indonesian state-owned coal miner Bukit Asam, hoping to develop wind capacity in the archipelago country, has joined hands with state-owned China Huadian for a 1.3GW wind farm in southern China

JBIC, Woodside ink Japan energy security MoU

Japan Bank for International Cooperation has entered into an MoU with Australian company Woodside Energy Group to secure a stable supply of energy and promote decarbonisation goals

Bowmans promotes new Africa infra head

Bowmans has promoted partner Allen Leuta to co-head of its Africa infrastructure sector group in Johannesburg

Niger mulls renewed private sector role in telecoms

The government of Niger will conduct a “comprehensive diagnostic” of Niger Telecoms to assess options for a renewed private sector role in the state-owned enterprise

Zydus ups AMP stake for India wind-solar

Indian pharmaceutical company Zydus Lifesciences has entered into an agreement to buy an additional 0.31% stake in AMP Energy Green Nine Private – taking its total interest in the company to 12.17% on a fully diluted basis

ACWA Power signs massive wind MoU in Egypt

Saudi infra developer ACWA Power has signed an MoU with the Egyptian New and Renewable Energy Authority for a 10GW wind farm project

Nigeria invites Zungeru hydro concession bids

Nigeria has invited RFQ bids for the concession of the $1.3 billion, 700MW Zungeru Hydroelectric Power Plant in Niger State

Indonesia sets up blue finance guidelines

Indonesia’s government has published guidelines for sustainable blue finance to achieve marine and climate change-related sustainable development

Lenders commit $750m to PLN's decabonisation

Eight international lenders have committed up to $750 million green financing to state-owned utility Perusahaan Listrik Negara (PLN) for Indonesia's energy transition