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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 signs loan on first Thai private sector wind + storage

ADB has announced that it signed a non-sovereign loan with a BCPG subsidiary as part of a nearly $20 million refinancing package for a utility-scale wind power plant with a battery energy storage system in southern Thailand

Impact Oil & Gas appoints non-exec chairman

Privately-owned Impact Oil & Gas has named Johnny Copelyn as non-executive chairman of the board, a post that he will take up on 17 May (2020)

Somalia to launch first offshore licencing round

Somalia’s Ministry of Petroleum and Mineral Resources (MoP) is planning to launch a bidding round for up to 7 offshore blocks based on the country’s newly ratified petroleum law

Norway oil fund drops ‘dirty’ shareholdings

Norway’s oil fund, Government Pension Fund Global, has dropped its holdings in several commodity and utility companies for breaching its guidelines on coal use

IDB Invest to back up AES units in El Salvador

IDB Invest is preparing a credit line for AES Corp's distribution subsidiaries in El Salvador, which face liquidity challenges as a result of government measures to mitigate the effect of the Covid-19 pandemic on consumers

EOI issued for IFC-backed terminal in Jordan

Jordan’s Public-Private Partnership Unit (PPPU) has issued a request for expressions of interest for the development of a cargo and passenger terminal at the King Hussein Bridge

Exploration starts at Mongolia mine

Joint venture partners have started exploration activities at a mine in southern Mongolia, following the signing of an earn-in agreement last month

Changes in Vestas management

Vestas has appointed Anders Nielsen to chief technical officer and Tommy Rahbek Nielsen as chief operating officer in a bid “to drive innovation and operational efficiency” at the Danish turbine manufacturer

US DFC announces Health and Prosperity Initiative

The US International Development Finance Corporation (DFC) has launched the Health and Prosperity Initiative, a call for proposals from private sector entities seeking DFC support for health-related investments in developing countries

CIF to sign loan for Tulu Moye geothermal

Multilateral energy fund Climate Investment Funds (CIF) has approved a $10 million loan for TM Geothermal Operations’s (TMGO) first 50MW phase of the 150MW Tulu Moye geothermal project in the Eastern Rift Valley in Oromia, Ethiopia

Ncondezi Energy signs fresh investment in GridX pipeline

AIM-listed Ncondezi Energy has signed a new $5.5 million investment into solar-storage developer GridX Africa’s pipeline of off-grid projects for the commercial & industrial sector

Eletrobras privatization pushed back to 2021

The privatization of Eletrobras, delayed due to the Covid-19 pandemic, is now planned for H1 2021, according to Brazil’s minister of mines and energy, Bento Albuquerque

Tanzanian Gold Corp mandates PwC for mining PF

Canadian mining company Tanzanian Gold Corporation (TGC) has appointed PwC as its financial adviser for two gold mine projects at its Buckreef Gold Mine Redevelopment Project in northern Tanzania

EU grant approved for Cameroon-Chad bridge project

The European Union will provide a €40.94 million ($44.3 million) grant to the governments of Cameroon and Chad to co-finance a CFA68.91 billion ($113.5 million) bridge on the Logone River between the two Central African states

Sempra delays FID for Port Arthur LNG 

American utility Sempra Energy has delayed making a final investment decision (FID) on the Port Arthur LNG export terminal in Jefferson County, Texas, to 2021 as gas prices plummet to record lows

Cambodia upstream oil & gas loan signs

A Keppel Corporation subsidiary has signed an $87 million loan with a connected party to finance the development of an offshore oil and gas asset in the Khmer Basin of the Gulf of Thailand