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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

Two contracts awarded on Malolos-Clark Railway

Philippines’ Department of Transportation on Saturday signed 2 of the 5 civil works contracts for the Malolos-Clark Railway project in Manila

DFI considers Kyrgyz non-sovereign loan

A development finance institution is evaluating whether to provide a loan to Kyrgyzstan’s largest private broadband operator

Bangladesh’s largest IPP signs debt

The project company of a 745 MW CCGT power plant project about 40km southeast of Dhaka has signed a $642 million loan agreement, following the signing of the EPC contract last month

Multiconsult to study floating solar potential in Kenya

KenGen has appointed Norwegian engineers Multiconsult to conduct feasibility studies for floating solar PV in the basins of three hydroelectric dams in the East African state

Indonesia coal-fired nears debt signing

The sponsors of the 2GW coal-fired power plant Java 9 & 10 in Indonesia are expecting to sign the project debt by the end of August, IJGlobal has learned

Korea bills call for end to coal financing abroad

South Korean lawmakers this week have proposed 4 bills in the National Assembly that would prohibit government-backed institutions from funding coal projects

DFI mulls India solar loan

A development finance institution is assessing whether to provide a project company with a non-sovereign loan on a $151.5 million solar park in southern India

Umm al Hayman reaches financial close

A WTE-led consortium has reached financial close on the $1.8 billion Umm al Hayman wastewater PPP in Kuwait – six months on from signing the debt and becoming only the second PPP to close in Kuwait since 2008

Beijing Gas tenders EPC

Beijing Gas Group has tendered an EPC package as part of a nearly $3 billon LNG project in northern China

DEWA V debt signing next week

An ACWA Power-led consortium is set to sign the $450 million soft mini-perm debt package for the $570 million, 900MW fifth phase of the Mohammed Bin Rashid Al-Maktoum solar park

USTDA ends PNG hiatus

US Trade and Development Agency has awarded a grant to PNG Power to fund an implementation plan to bolster the resilience of Papua New Guinea’s power grid

EIB backs Swedish gigafactory

The European Investment Bank has signed a $350 million loan agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells – Northvolt Ett, in Sweden

AIIB welcomes Liberia to the team

The Asian Infrastructure Investment Bank (AIIB) now has 10 members across Africa and 9 prospective members with its board of governors having approved Liberia joining the bank

AIIB re-elects Jin as president

Asian Infrastructure Investment Bank has elected Jin Liqun to a second term as president of the multilateral development bank

US snaps up Kodak for pharma deal

The US International Development Finance Corporation (DFC) chief executive Adam Boehler will today sign a letter of interest to provide a $765 million loan to Eastman Kodak Company to support the launch of Kodak Pharmaceuticals

EBRD invests in Georgian transport infra

The EBRD has today extended a €5 million loan to Borjomi municipality of Georgia for improvements to transport facilities in the tourist district

IFTC launches TF fund

The International Islamic Trade Finance Corporation (ITFC) – member of the Islamic Development Bank (IsDB) Group – has launched a trade development fund (TDFD) with an initial target capital of $50 million

CDC boosts Africa TF potential

CDC Group, the UK’s DFI and impact investor, today announced an additional $75 million commitment to its existing trade finance facility with Absa Bank