Latest News

AfDB approves investment in Africa renewables fund

The AfDB has approved a $25 million equity investment in the ARCH Africa Renewable Power Fund to finance roughly 533MW of renewable energy projects across Sub-Saharan Africa

ADB mandated to set up new renewables finance bank

The Asian Development Bank has been mandated by the International Solar Alliance to set up a new bank to finance renewable projects

JICA approves loan for North-South Railway rolling stock

Japan International Cooperation Agency has approved a loan to fund procurement of rolling stock and a railway system for the greenfield 56.5km North-South Commuter Railway in Manila

Alba closes second Line 6 ECA tranche

Aluminium Bahrain, the Bahrain-based aluminum smelter, has closed on the second tranche of ECA financing for its $3 billion Line 6 expansion project

Ethiopia to launch IFC-backed Scaling Solar tender

Ethiopia's Office of the Public-Private Partnership is set to tender six solar PV projects with a combined installed power capacity of 798MW and an overall cost of $798.9 million. Two of the six projects will be developed under the IFC's Scaling Solar programme

JBIC in talks for Java 3 coal-fired

The sponsors for the 800MW Java 3 gas-fired power plant in Indonesia are looking to close on the transaction by the end of 2019, and are understood to already be holding talks with Japan Bank for International Cooperation

AfDB promotes Kumar in Côte d'Ivoire

The African Development Bank has promoted Arun Kumar to principal investment officer based in Côte d'Ivoire

Bloomberg's Climate Finance Leadership Initiative launches

UN Secretary-General's Envoy for Climate Action Michael Bloomberg has launched the Climate Finance Leadership Initiative, with six influential finance sector leaders as founding members

Mainstream secures trade finance loan

Mainstream Renewable Power has secured a euro-denominated corporate trade finance loan to fund sponsor equity associated with its 1.3GW Andes Renovables portfolio in Chile as well as early-stage development costs globally

Petrobras resumes sale of TAG pipeline

Petrobras announced on 17 January that it has resumed the process to sell 90% of its pipeline subsidiary Transportadora Associada de Gás

ADB to fund Kazakh Shu solar

Asian Development Bank has approved funding for the $121 million Shu solar power plant in south east Kazakhstan

MUFG to acquire TPS from GE Capital

As part of General Electric’s divestment of assets held by GE Capital, MUFG Union Bank has agreed to acquire Trade Payable Services (TPS) for an undisclosed sum

JICA signs funding for Côte d’Ivoire road projects

The Japan International Cooperation Agency (JICA) has signed agreements to finance two road projects in and around Côte d’Ivoire's capital city Abidjan

World Bank to provide guarantees for Argentine RE

The World Bank will provide up to $250 million in guarantees to support projects from the Argentine renewable energy programme, the RenovAr round 2 tender

O&M bids invited for Etihad rail stage 2

UAE’s Etihad Rail has invited pre-qualification bids for an O&M contract for the second stage of the country’s $11 billion national rail project

PPP specialist joins ADB

Sheharyar Chughtai has joined Asian Development Bank as a PPP specialist

EBRD funds Talimarjan CCGT expansion

The EBRD will provide Uzbekenergo with an up-to $240 million loan – its largest financing in Uzbekistan – to expand the capacity of the Talimarjan power complex (TPC) in Kashkadarya

EBRD shuffles regional heads

The EBRD named new regional heads for the Caucasus as well as Romania and Bulgaria in January 2019

AfDB and EC to fund Sub-Saharan projects

The African Development Bank and European Commission have signed co-financing agreements for a €399 million power interconnection project between Cameroon and Chad, and a €79 million fibre optic scheme in Niger and Chad