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Tender out for PNG transport consultant

The Asian Development Bank (ADB) issued a tender on 21 May (2020) recruiting a consultant for preparation of a feasibility study and detailed engineering design for a package of three highway and port projects in Papua New Guinea

Neptune terminates Edison deal

Neptune Energy will pay a £4 million ($5 million) termination fee to halt its acquisition of Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas

IDB preps loan for Naturgy subsidiaries in Panama

Development finance institution IDB Invest is preparing a debt package for Naturgy Energy's distribution companies in Panama, which are facing liquidity problems as a result of the government's response to Covid-19

EIB raising battery investment in 2020

The European Investment Bank (EIB) has announced it will increase its investments in battery-related projects to more than €1 billion ($1.09 million) in 2020

Tianqi Lithium parent looks to reduce stake

Shenzhen-listed Tianqi Lithium's controlling shareholder is planning to reduce its shareholding within six months from 3 July (2020), amid depressed lithium prices. This comes as Tianqi Lithium is exploring selling assets including its Greenbushes hard rock lithium mine in Australia

GuarantCo provides grant for Kenyan student accom

GuarantCo – a member of the Private Infrastructure Development Group (PIDG) – has signed with Kenyan property developer Acorn Holdings a technical assistance grant to support the company’s response to the Covid-19 pandemic

EBRD assists Serbia with rural broadband rollout

The EBRD today extended an €18 million loan to the government of Serbia to help finance the construction of mid-mile broadband infrastructure

Germany to announce hydrogen strategy

Germany’s postponed hydrogen strategy and economic stimulus package is due imminently with the country’s gas grid operators presenting a concept for a green hydrogen grid

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