Latest News

AIIB approves funding for Chattogram power transmission

Asian Infrastructure Investment Bank has approved a $120 million loan to state-owned Power Grid Corporation of Bangladesh to extend and upgrade Chattogram's power transmission system

AfDB invest in West African SMEs fund

The board of the African Development Bank has approved an equity investment of €12.5 million in a private fund managed by Adiwale Partners that supports small and medium sized enterprises based in Francophone West Africa

ECAs on Petronas, Saudi Aramco RAPID debt

Debt financing is signing today for Petronas and Saudi Aramco’s Refinery and Petrochemicals Integrated Development project within the wider Pengerang Integrated Complex in Malaysia

NEXI backs debt for Al Layyah gas-fired

Nippon Export and Investment Insurance will provide loan insurance on the commercial bank tranche of a $482 million debt package to fund the acquisition of power generation required to construct a 1,026.3MW combined-cycle gas-fired facility at the Al Layyah power plant

Colombia's FDN supports 4G road

Colombian development bank Financiera de Desarollo Nacional has approved a liquidity facility for the Rumichaca-Pasto 4G highway project

ADB-backed Riau gas-fired reaches financial close

Medco Power and Ratchaburi Electricity, sponsors on the 275MW gas-fired power plant in Riau province on Sumatra Island in Indonesia, have achieved financial close on the project

Almaty Ring Road's financing firms up

The EBRD and IFC are expected to provide a combined $350 million in senior loan financing for the 66km ring road around Kazakhstan’s largest city Almaty – the central Asian country’s first PPP project

AfDB approves loans for DR Congo mini-grids

The African Development Bank has approved a $20 million loan to the government of Democratic Republic of Congo, to support three renewables-based mini-grid projects

Commerz & LBBW in blockchain pathfinder

Commerzbank and LBBW have marked a trade finance first working with Voith and KSB in the facilitation of the digital transformation of trade finance solutions based on blockchain technology

Sinohydro takes contract for Morocco airport expansion

Morocco’s Office National des Aéroports has awarded the construction contract of a new terminal at Rabat-Salé airport to a Sinohydro-led consortium, having disqualified the lowest bidder

ADB assists on Vietnam solid waste PPP advisory tender

The Asian Development Bank is providing technical support to Vietnam’s Ministry of Construction with today's invitation to consulting firms for expressions of interest in advising on solid waste PPPs

President of Colombia's FDN steps down

Clemente del Valle, president of the Colombian development institution Financiera de Desarollo Nacional, has stepped down

Zimbabwe cancels Bulawayo rehab contract

Zimbabwe Power Company has cancelled a $133 million contract for the rehabilitation of the 90MW Bulawayo thermal power plant originally awarded to Indian EPC contractor Jaguar Overseas

IDB supports financing for Ecuadorean water company

Ecuador’s water utility company Empresa Pública Metropolitana de Agua Potable y Saneamiento has closed on financing to improve and expand wastewater treatment facilities

Azito gas-fired expansion nears financial close

Africa-focused power developer Globeleq is nearing financial close on the €350 million fourth phase expansion of the 430MW Azito gas-fired power plant near Abidjan

Bids in for IFC-backed Uzbekistan solar

State-owned power utility Uzbekenergo has received RFQ submissions from 23 companies to develop a 100MW solar farm in Uzbekistan's Navoi region

Re-advertisement on Cambodia’s transaction adviser search

Asian Development Bank issued over the weekend a second re-advertisement request for expressions of interest from transaction advisory firms to assist Cambodia's Ministry of Public Works on a trade logistics complex PPP project

AES Tietê acquires Brazilian wind assets

Renova has accepted a binding offer presented by AES Tietê to acquire the 400MW Alto Sertão III wind complex