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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

Financial close on Java 1 CCGT/FSRU in Indonesia

Marubeni, Pertamina and Sojitz have belatedly reached financial close on the 1,760MW Java 1 combined cycle-gas turbine and floating storage and regasification unit project in Indonesia

EPC and O&M tender launched for Lebanon wind

Sustainable Akkar and Lebanon Wind Power have issued request for qualifications for the EPC and O&M contracts relating to two wind IPPs in Akkar, Lebanon

STOA acquires Nachtigal stake from IFC InfraVentures

Investment fund STOA has acquired a 10% stake in the €1.2 billion ($1.36 million), 420MW Nachtigal hydroelectric power project on the Sanaga River in Cameroon from IFC InfraVentures

Bids in for round 1 of GET FiT Zambia

Zambia's Ministry of Energy has received 15 RFP responses from eight of the 10 shortlisted consortia for the first round of the GET FiT programme

UniCredit promotes senior trade finance banker

UniCredit has promoted Hong Kong-based banker Siow Chin Yeo to the role of head of global transaction banking, Asia Pacific, effective from 1 February 2019

Togo joins Africa Finance Corporation

The Togolese Republic has become the 20th country to join development finance institution Africa Finance Corporation (AFC) as a member state

EBRD to sign loan for Jordan power sector

The European Bank for Reconstruction and Development (EBRD) will sign with Jordan’s National Electric Power Company (NEPCO) a $265 million loan to support the country’s power sector

Deutsche Bank issues latest trade finance CLO

Deutsche Bank has today (3 December 2018) announced the issuance of a new $3.5 billion collaterilsied loan obligation of trade finance assets, to refinance an iteration of the same transaction which the bank launched three years ago

LBBW latest to join Marco Polo

LBBW is the latest bank to join Marco Polo, the trade finance network powered by Corda blockchain technology

UK gives carbon capture plans a reboot

The UK government has revived its carbon capture and storage plans by committing to invest £20 million ($25.6 million) in supporting the construction of carbon capture, usage and storage (CCUS) technologies

IEAT calls for demand study for Thailand LNG

Map Ta Phut industrial estate and port operator Industrial Estate Authority of Thailand (IEAT) has called for an LNG demand study to ease bidder concerns about the port terminal's Bt47.9 billion ($1.46 billion) expansion PPP

AfDB approves loan for Kopere solar PV

The African Development Bank (AfDB) has approved an $18.17 million loan to France-based renewables developer Voltalia for its 50MW Kopere solar power project on the border between Nandi and Kisumu counties in Kenya

AfDB to invest in AFC

The African Development Bank (AfDB) has approved a $50 million equity investment into the Africa Finance Corporation (AFC) to support its commitment to infrastructure projects across the continent

OPIC signs infra loans for Argentina

The Overseas Private Investment Corporation (OPIC), has signed six letters of interest to finance infrastructure projects in Argentina

EBRD funds waste-to-energy expansion in Jordan

The EBRD has signed a €7.4 million ($8.4 million) blended financing package with the Greater Amman Municipality (GAM) to support the expansion of the landfill gas (LFG) recovery system at the Al Ghabawi landfill in Jordan

New hire for MHI Vestas Offshore Wind

MHI Vestas Offshore Wind has hired Jason Folsom as national director of sales US, the company’s first official hire in the American market

Equinor, Global Petro Storage to build Port Klang LPG

Equinor and Global Petro Storage have agreed to develop jointly a liquefied petroleum gas (LPG) storage facility in Port Klang, 45km south west of Kuala Lumpur

AfDB supports Cameroon ring-road

The African Development Bank (AfDB) has approved a $17.96 million loan to finance the rehabilitation and upgrade of a 365km ring-road in the North-West Region, Cameroon