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EBRD launches GEFF in Armenia to support SMEs

The EBRD has launched a new Green Economy Financing Facility (GEFF) in Armenia that will support SMEs in funding investments in green technologies

BNDES signs loan for LNG-to-power

An SPV comprising Prumo Logistics, BP and Siemens has secured a R1.76 billion ($472.2 million) loan with Brazilian development bank, BNDES to finance an LNG-to-power project

Late bid for IFC's Kampala-Jinja expressway rejected

The Uganda Roads Authority has rejected a late bid from China Railway 17th Bureau Group for the $1.1 billion, 77km Kampala-Jinja expressway PPP

AfDB funds Nigeria’s membership of ATI

The African Development Bank has signed on a $14.12 million loan to the Nigerian government to fund its membership of the African Trade Insurance Agency

EBRD signs on Jordan airport equity stake

The EBRD has signed on the acquisition of a stake in the concession company operating the Queen Alia International Airport in Jordan

World Bank’s Kim steps down

Jim Yong Kim, president of the World Bank announced on 7 January that he is stepping down from his role after six years

LS Cable to supply cables to Yunlin offshore wind

Gyeonggi-based LS Cable & System will supply 170km of 66kV submarine cables to wpd’s 640MW Yunlin offshore wind farm in the Taiwan Strait – the first Korean cable maker export submarine cables to Taiwan

ADB seeks ASEAN infra finance consultant

Asian Development Bank (ADB) has today (8 January) called for expressions of interest from specialists with at least 15 years' experience in infrastructure finance, including exposure to PPP initiatives in India

Hennah joins Intellect from Finastra

David Hennah has left Finastra and will this month (January 2019) take up the role of senior vice-president and head of trade and supply chain finance at Intellect

Details emerge on World Bank-backed Nachtigal hydro

Further details have emerged on the financing of the €1.2 billion ($1.36 billion), 420MW Nachtigal hydropower power project on the Sanaga River, Cameroon that reached financial close in late December

Close expected this quarter for Rabigh 3

An ACWA Power-led consortium is targeting a Q1 2019 financial close on the $760 million Rabigh 3 independent water producer project

EBRD and FMO finance Ukraine solar

Scatec Solar has reached financial close on the 30MW Kamianka solar farm in the Cherkassy region in central Ukraine with a total investment of €35 million ($39.9 million)

Transelec signs on Chilean power grid upgrades

Chilean power transmission company Transelec has signed on $360 million in financing for a package of upgrades to the country’s grid network

Nedbank to sign loan for Tanzanian mine

Australian mine developer Strandline Resources has appointed South African bank Nedbank as MLA and underwriter on the $32 million Fungoni mineral sands project in Tanzania

Afreximbank and AGF sign re-guarantee facility

The African Export-Import Bank (Afreximbank) and African Guarantee Fund (AGF) have signed an agreement to create a $30 million re-guarantee facility to support African SMEs

ACWA Power awards Rabigh 3 IWP construction contract

ACWA Power has awarded the construction contract for the $760 million Rabigh 3 independent water producer project to a consortium of Chinese and European firms

KfW's GET FiT 2 in Zambia warms up

The GET FiT Zambia secretariat, on behalf of the Zambian Ministry of Energy, has invited firms to pre-register for the RFQ stage of the second round of KfW's GET FiT renewables initiative in the country, which consists of 100MW of hydropower projects

Indonesia’s Medco in talks for takeover of Ophir Energy

Indonesia-focused exploration and production company PT Medco Energi Global is in discussions regarding a possible cash offer to takeover Ophir Energy, a London-listed global E&P company with a market capitalisation of roughly £327 million

SEC to set up power generation company

State-owned Saudi Electricity Company (SEC) has approved plans to establish a power generation subsidiary which may enable a fresh privatisation drive in the Saudi energy sector