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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

EAIF to lend on Maria Gleta gas-fired in Benin

PIDG-member EAIF will sign with Nigerian power developer Genesis Holdings a €27 million loan for it €36 million, 25MW Maria Gleta gas-fired power project near Porto Nova, Benin

HSBC on Saudi’s first green ECA loan

HSBC acted as MLA, original lender and agent bank in a $258 million ECA loan for The Kingdom of Saudi Arabia’s ministry of finance

DFI eyes offshore wind

A development finance institution aims to boost its understanding of offshore wind financing, paving the way for future investment in the sector

Owner’s engineer sought for Djermaya solar IPP

An InfraCo Africa-led consortium has invited RFPs from firms for the owner’s engineering services for the first phase of the $70 million, 60MW Djermaya solar IPP located near the capital city of N’Djamena in Chad

India moves to restrict bidders from certain countries

India's Ministry of Finance has imposed new restrictions on bidders in any public procurement from "countries that share a land border with India", though countries to which the government extends lines of credit or development assistance are exempted. Market observers say the new rules apply in particular to Pakistan

DFI recruits lender’s technical

A development finance institution (DFI) has issued a request for expressions of interest by firms to assist on a portfolio of solid waste and sanitation projects in China

CDP signs €75m airport loans

Cassa Depositi e Prestiti (CDP) has signed a €75 million ($87 million) loan to the management company of 2 Italian airports

IFC to the fore for MEA

The IFC has committed $5.6 billion for the fiscal year 2020 to target private sector development in the Middle East and Sub-Saharan Africa

Fundamental shift for DFC

The US International Development Finance Corporation (DFC) is changing its environmental and social policy and procedures (ESPP) to enable support for nuclear power projects

Marubeni-led team closes on Al Kharsaah solar with lowered tariff

A Marubeni-led consortium has reached financial close on the $467 million, 800MW Al Kharsaah solar IPP located 80km west of Doha – the tariff has been newly set at a low price of $0.01449 per kilowatt hour

CAF and CDP sign loan for Latam infra projects

Latin American development bank CAF and Italian development bank Cassa Depositi e Prestiti (CDP) have signed an agreement to launch a €100 million ($114.75 million) facility to invest in energy, transport and social and urban development sectors across Latin America

US-Vietnam JV to invest in Vietnam LNG

Chan May LNG, a US-Vietnam joint-stock company, is planning to invest up to $6 billion on LNG power projects in Vietnam – with significant support from ECAs

Malaysia and Singapore to sign RTS Link agreement

Malaysia and Singapore will be signing the agreements for the Rapid Transit System (RTS) Link on 31 July (2020), after both sides finalised the bilateral agreement, according to Wee Ka Siong, Transport Minister of Malaysia, in a parliamentary oral reply

Central Asia power piques DFI interest

A development finance institution is recruiting an adviser to examine the Kyrgyzstan power market

APICORP lends on SirajPower’s solar rooftops

Emirati solar developer SirajPower has signed with APICORP a $50 million loan to finance a portfolio of rooftop solar assets

Cypriot LNG terminal moves to financing

Cypriot president Nicos Anastasiades earlier this month laid the foundation stone for the Vasilikos LNG Terminal PPP with financing approval now in the bag

Norfund hires director for new Southern Africa office

Norfund has appointed Simbah Mutasa as the DFI’s new regional director at its new Southern Africa office which is opening in Cape Town, South Africa

DFI eyes telecoms subsector

A development finance institution has issued a request for expressions of interest to firms to assist with a study of the satellite subsector

DFI recruits team on Bangladesh water PPP

A development finance institution has requested expressions of interest for 2 assignments on a wastewater PPP project in central Bangladesh