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FC deadlines for two CPEC projects extended to next year

Pakistan’s Ministry of Energy has extended the financial close deadlines of two China-Pakistan Economic Corridor projects – the $1.66 billion Matiari-Lahore transmission line and $542 million Gwadar coal-fired power plant

ADB to double Philippines lending

The Asian Development Bank is to double its annual lending to the Philippines to $2 billion between 2018 and 2021

Bombardier inks Malaysian alliance

Bombardier Transportation has signed an MoU with the Malaysian Industry Government Group, an agency under the Malaysia Prime Minister’s office to develop Malaysia’s rail industry expertise over the next year

Details emerge on Toshiba's sale of NuGen

Toshiba Corp is in talks with Canada’s Brookfield Asset Management to sell its nuclear unit, NuGen, which owns the rights to develop the £10 billion ($13.1 billion) 3.8GW Moorside Nuclear plant in Cumbria

Global corporations launch blockchain open platform

A group of 15 global institutions, including banks, trading companies and oil & gas major, have formed a joint venture to launch a new blockchain-based open platform

NAIF backs Thunderbird mineral sands development

The Northern Australia Infrastructure Facility is backing Sheffield Resources’ Thunderbird mineral sands mine development in Kimberly in Western Australia with two long-term loans totalling $69 million

HSBC moves Boulos to the US

HSBC has appointed Rodrigo Boulos as its head of sales for trade and receivables finance for the West Coast of the US

EIB signs grants for Egyptian wastewater

The European Investment Bank has signed two grants worth €32 million with the Government of Egypt for the €164 million improvement project at the wastewater treatment site in Kafr el-Sheikh governorate

ICO to finance Latam infra

Spanish state-owned bank Instituto de Crédito Oficial will provide $130mi to CAF to finance infra projects using Spanish companies.

Afrexim raises Korean bank debt for trade finance

Egypt-based African Export-Import Bank (Afreximbank) has signed on a $150 million syndicated loan with a group of Korean banks to fund trade finance lending

Vodafone CEO mulls masts sale

UK telecom conglomerate Vodafone is reportedly considering the sale of thousands of masts in a bid to pay down $36 billion debt

Chinese supplier selected for Australian PV projects

China Western Power Company has signed a framework agreement to supply 630MW of solar photovoltaic modules to Lyon Infrastructure Investments in Australia for three of its projects

ADB to fund battery storage in Tonga

State-owned energy provider Tonga Power is inviting bids to design and build a battery energy storage system for Popua power station in Tonga

Acciona invests in Ukraine solar PV complex

Spain's Acciona Energia has entered the Ukrainian renewables market with a $65 million investment in a solar PV complex located in Dymerka, in the north of the country

OPIC backs Ghana energy and infra

The Overseas Private Investment Corporation has approved a $100 million loan facility to Ghana's CAL Bank to support energy and infrastructure projects in Ghana

AfDB approves grant to Angolan IPPs

The African Development Bank has approved a $1 million grant to independent power producers in Angola to encourage private investment in the country's renewables sector

Nordex signs contracts for REIPPP wind

German wind turbine supplier Nordex Group has signed deals with the lead sponsors of two wind projects procured under South Africa's renewable energy IPP programme

NIB signs Afreximbank loan facility

The Nordic Investment Bank has signed a $100 million loan facility agreement with the African Export-Import Bank to finance infrastructure projects across Africa

ADFD finances Seychelles solar

The Abu Dhabi Fund for Development has signed an $8.4 million loan to the Seychelles’ Public Utilities Corporation for the 5MW Ile de Romainville solar PV on Romainville Island near the island nation's capital Victoria