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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

EBRD launches Covid-19 'solidarity package'

The European Bank for Reconstruction and Development (EBRD) has launched an emergency support programme for infrastructure providers in emerging economies to ensure vital services can still be provided during the coronavirus pandemic

ADB approves loan for Mongolia’s first energy storage

Asian Development Bank has approved a $100 million loan, buttressed by a $3 million grant funded by the Japanese government, to develop Mongolia’s first large-scale battery energy storage system

ADB to finance Indian solar

Asian Development Bank (ADB) has approved a Rs4.66 billion ($61.1 million) loan to a 200MW solar PV project in Gujarat, India

Abadi LNG faces cost review

Indonesia’s $20 billion Abadi LNG is facing a cost review and project delivery delays, despite having achieved some progress in recent times

MIGA extends debt coverage on Azito phase 4

The Multilateral Investment Guarantee Agency (MIGA) has issued a $74.6 million guarantee for Globeleq’s 76.9% equity stake in the 710MW Azito gas-fired power plant in Côte d’Ivoire – providing additional support for the new 253MW expansion

Total acquires Ugandan oil interests

French oil major Total has acquired Africa-focused, London-listed Tullow’s interests several Ugandan oil projects at a heavily discounted price

Danakali increases AFC links with board additions

Australian mining company Danakali has appointed two new members to its board of directors, including Samaila Zubairu, the president and CEO of Africa Finance Corporation

EPC contract awarded on Singapore mega waste facility

The National Environment Agency (NEA) of Singapore has awarded to a consortium of Keppel, China Harbour and Singapore Technologies Engineering a S$1.5 billion ($1.05 billion) EPC contract for a waste-to-energy plant and a materials recovery facility at the Tuas Nexus Integrated Waste Management Facility (IWMF) complex

Mining equipment supplier drops diesel for solar-plus-storage

Chilean industrial equipment supplier Industria Mecánica VOGT has inked a preliminary agreement to fit the pumping systems it supplies to mining companies with energy storage technology from Swedish company Azelio instead of diesel generators

Northern Minerals raises equity

Australian heavy rare earth elements miner Northern Minerals has raised A$22 million ($13.9 million) from various sophisticated investors

DFI loan for Panama solar

The International Finance Corporation (IFC) is arranging a debt package to finance solar projects in Panama

Consortium mandates MUFG for LNG in Mexico

A consortium led by infrastructure fund manager AVAIO Capital has appointed MUFG Bank as its financial adviser for an LNG export project on the west coast of Mexico

Canadian LNG project delayed due to Covid-19

Pieridae Energy has delayed a final investment decision on its Goldboro LNG export terminal in Nova Scotia due to the fallout from the Covid-19 pandemic

AIIB doubles Covid-19 pandemic response

Asian Infrastructure Investment Bank (AIIB) has doubled funds available under its Covid-19 Crisis Recovery Facility to provide up to $10 billion, due to requests substantially exceeding its original $5 billion allocation to emergency relief

Arrow commits to upstream despite pandemic, low prices

Arrow Energy, owned by PetroChina and Shell, has today (17 April) sanctioned commencement of phase one of the A$10 billion ($6.38 billion) Surat Gas Basin project in southern Queensland, Australia

Two Japanese banks pledge to cut out coal

Japanese banks Mizuho Group and SMBC Group have both this week made pledges to phase out coal investments

JBIC securitizes North America energy loans

The Japan Bank for International Cooperation (JBIC) has partially securitized a portfolio of project finance loans backed by North American energy infrastructure assets

AfDB invests in African healthcare fund

The African Development Bank (AfDB) has approved a $10 million equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent