Latest News

Top Story

AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

Malawi invites bids for DFI-backed Mpatamanga hydro

Malawi’s Public Private Partnership Commission has invited prequalification bids from developers for the $600 million, 350MW Mpatamanga hydropower project, following two webinars held earlier in the year

ME small business lender completes fundraising

liwwa, a small business lender in Jordan and Egypt, has completed a round of debt and equity fundraising to fund its expansion plans

Bangladesh pushes coal/bulk terminal PPP deadline

Payra Port Authority (PPA) has extended the deadline by two weeks to submit proposals to develop a coal and bulk terminal at the port in southern Bangladesh

Pre-feasibility in favour of Oz nickel, copper mine

Adelaide-based miner OZ Minerals and joint venture partner Cassini Resources, a Perth-based miner, have completed the pre-feasibility studies for the Nebo-Babel deposits, a nickel-sulphide discovery in Western Australia

USTDA signs grant for Abuja CCGT

The US Trade and Development Agency (USTDA) has signed with Nigerian National Petroleum Corp (NNPC) a $1.16 million grant for the early-stage work on a 1,350MW combined-cycle gas turbine (CCGT) power plant in Abuja, Nigeria

EU commits capital to ASEAN green infrastructure initiative

The European Union has provided $56.5 million of funding to the Association of South East Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF), which is managed by the Asian Development Bank (ADB)

EIB funds Egyptian water and rail projects

The European Investment Bank (EIB) has signed three agreements totalling €122.7 million ($133.9 million) – two grants and one loan – for the upgrading of three water and rail assets in Egypt

China Exim Bank to lend on Rwandan hydro

The government of Rwanda has signed with the government of China a framework agreement to enable China Exim bank to provide a $214 million loan for the 43.5MW Nyabarango II hydropower project in Rwanda's Northern Province

KfW lends on solar PV projects in Ghana

KfW has signed a €22.8 million ($25 million) loan with the government of Ghana for two utility-scale solar projects in the country's Upper West Region

EIB seeks technical adviser for Palestine desal

The EIB has invited bids from consultancy firms for the technical advisory role on the €580.3 million ($636 million) Gaza Central Desalination Plant and Associated Works Programme (GCDP)

BNDES sells its Petrobras shares

Brazilian development bank BNDES has raised R22 billion ($5.17 billion) by selling the ordinary shares it owns in Petrobras through its private arm, BNDESPar

Coronavirus causes delay for China water PPP

The executing authority of a water PPP project in Sichuan has postponed the launch of the request for qualification process, due to the 2019 novel coronavirus outbreak

Tanzania launches DFI-backed Zanzibar solar storage IPP

The government of Tanzania has launched early-stage development work on a $145 million solar and battery storage independent power producer project to be built on the Zanzibar archipelago on the country’s north eastern coast

IFC seeks technical adviser on Uzbek CCGT

IFC has requested expressions of interest from consulting firms to advise on the more than $1 billion expansion of a power plant complex in southern Uzbekistan

IFC, Proparco to lend again on Gabonese rail rehab

The International Finance Corporation (IFC) and Proparco are considering a new debt facility – €101.2 million ($111.7 million) in total – for the €190.3 million second phase rehabilitation of the 648km railway network in Gabon

IDB approves loan for Bahamas renewables initiative

The Inter-American Development Bank (IDB) has approved a $170 million debt investment to rebuild the Bahamas' energy infrastructure, much of which was destroyed by hurricane Dorian

RockRose Energy acquires Cotton gas field

Independent oil and gas production company RockRose has signed a sales and purchase agreement to acquire a 100% interest in Speedwell Energy, which holds a 100% interest in the Cotton gas field

AfDB approves loan and grant for Liberian hydropower

The African Development Bank (AfDB) has approved a $9.1 million funding package for the government of Liberia’s $33.7 million Renewable Energy for Electrification in Liberia project – which includes the development of the 9.24MW Gbedin Falls hydropower project