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DFC takes action on Ecuador

Adam Boehler, the US International Development Finance Corporation (DFC) chief executive, has joined officials from the Republic of Ecuador – including President Lenin Moreno and Finance and Economy Minister Mauricio Pozo Crespo – to sign a framework agreement to refinance debt and support private sector investment in the country

CDC, NIIF and GGEF invest $390 million in Ayana

UK-based CDC Group, India’s National Investment and Infrastructure Fund and Green Growth Equity Fund, managed by EverSource Capital, are planning to invest $390 million in funding to India-based Ayana Renewable Power

EPC tender launched for Ruzizi III hydro

An Industrial Services Promotion-led consortium has invited expressions of interest for the EPC contract of its $700 million, 147MW Ruzizi III hydropower PPP project bordering three states in Sub-Saharan Africa

Beleaguered Oyu Tolgoi confirms capex underground expansion

Rio Tinto unveiled a way to continue developing the underground project at Oyu Tolgoi in Mongolia. The definitive estimate details how Oyu Tolgoi underground will achieve Panel 0's sustainable production by October 2022 for development capital of $5.14 billion

Rio Tinto appoints new CEO

Rio Tinto today announced its appointment of Jakob Stausholm as chief executive

Lake Wells SOP completes milestones

Australian Potash's $157 million capex Lake Wells Sulphate of Potash project in Western Australia has progressed on independent reports and debt funding

NIB signs electricity distribution network financing

The Nordic Investment Bank (NIB) and the Finnish energy player Leppäkoski Group have signed a 10-year loan agreement to finance development of the electricity distribution network in Finland’s Pirkanmaa and Satakunta areas during 2021-24.

EIB approves €80m Cambodia water loan

The European Investment Bank (EIB) yesterday (14 December 2020) announced its plans to invest €80 million in an irrigated agriculture improvement project (IAIP) in rural Cambodia.

ADB approves investment in Lombard Asia V

Asian Development Bank is planning to invest a $20 million into the Lombard Asia V fund. ADB last week (10 December 2020) approved the investment as the ordinary capital resources for the fund.

BNDES to finance solar complex in Brazil

Brazil’s development bank BNDES has approved a debt package for a 90MW solar complex owned by Spain’s Powertis, the second this fall.

Lender approvals in for Temane gas-fired

Two lenders have approved up to $250 million in loans for the $391 million debt package being assembled for the $624 million, 450MW Temane gas-fired project being developed by a Globeleq-led consortium in the Inhambane Province, Mozambique

BNDES to finance solar complex in Brazil

Brazil’s development bank BNDES has approved a debt package for a 90MW solar complex owned by Spain’s Powertis, the second this fall

Japan to inject $4 billion in Indonesia SWF

Japan Bank for International Cooperation is planning to invest up to $4 billion in Indonesia's first sovereign wealth fund