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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

Ncondezi Energy signs fresh investment in GridX pipeline

AIM-listed Ncondezi Energy has signed a new $5.5 million investment into solar-storage developer GridX Africa’s pipeline of off-grid projects for the commercial & industrial sector

Eletrobras privatization pushed back to 2021

The privatization of Eletrobras, delayed due to the Covid-19 pandemic, is now planned for H1 2021, according to Brazil’s minister of mines and energy, Bento Albuquerque

Tanzanian Gold Corp mandates PwC for mining PF

Canadian mining company Tanzanian Gold Corporation (TGC) has appointed PwC as its financial adviser for two gold mine projects at its Buckreef Gold Mine Redevelopment Project in northern Tanzania

EU grant approved for Cameroon-Chad bridge project

The European Union will provide a €40.94 million ($44.3 million) grant to the governments of Cameroon and Chad to co-finance a CFA68.91 billion ($113.5 million) bridge on the Logone River between the two Central African states

Sempra delays FID for Port Arthur LNG 

American utility Sempra Energy has delayed making a final investment decision (FID) on the Port Arthur LNG export terminal in Jefferson County, Texas, to 2021 as gas prices plummet to record lows

Cambodia upstream oil & gas loan signs

A Keppel Corporation subsidiary has signed an $87 million loan with a connected party to finance the development of an offshore oil and gas asset in the Khmer Basin of the Gulf of Thailand

Trump clamps down on power equipment imports

President Donald Trump on Friday signed an executive order prohibiting the acquisition, import, transfer or installation of “bulk-power system electric equipment” from some foreign countries, citing national security

DFC appoints chief risk officer

The US International Development Finance Corporation (DFC) has appointed Alice Miller as chief risk officer (CRO)

Siemens Gamesa buys Ria Blades

Wind turbine maker Siemens Gamesa Renewable Energy said on Thursday (30 April), it had completed the purchase of Ria Blades, putting in place the final piece in the €200 million ($219 million) acquisition of European assets from bankrupt German rival Senvion it agreed last year

Premier Oil wins court hearing

Premier Oil has won a court hearing to extend debt maturities for two years and raise equity for planned North Sea acquisitions

AfDB signs second grant for Abidjan-Lagos road

AfDB has signed a second grant – €12.3 million – for the ECOWAS preliminary work on a 1,028km road to be built between Abidjan, Côte d’Ivoire and Lagos, Nigeria

IDB to finance Engie's wind debut in Chile

Development finance institution IDB Invest is in the process of structuring a debt package to finance Engie’s first wind project in Chile

Porgera Gold Mine clash heats up in PNG

Canada-based Barrick Gold and Chinese Zijin Mining Group have said the Papua New Guinea Government 's decision on 24 April (2020) not to renew the operator's lease for the Porgera Gold Mine is "in violation of legal obligations", while the prime minister is threatening to take over the mine

Bulgaria’s Belene nuclear tender delayed

Bulgaria’s long-running tender for a strategic investor in the 2GW Belene nuclear power plant will be delayed until June (2020) due to the Covid-19 (coronavirus) pandemic

EIB lends on Togo’s ATI accession

Togo has become the 18th member-state of the African Trade Insurance Agency (ATI) after the signing of a $12.5 million loan provided by the European Investment Bank

EBRD appoints new director for eastern Med

The European Bank for Reconstruction and Development (EBRD) has appointed Philip ter Woort to lead its operations in Jordan, Lebanon, and Palestine