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AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

AfDB approves loan for Tanzania airport

African Development Bank’s board of directors has approved a debt facility totalling $272.12 million to the government of Tanzania towards the development a new international airport in capital city Dodoma

Dominion completes Cove Point LNG equity recapitalisation

Dominion Energy has closed on the transfer of a 25% non-controlling equity interest in the Cove Point liquefied natural gas (LNG) facility in Maryland to Brookfield Asset Management for a $2.1 billion cash consideration

AfricaGlobal Schaffer hires new MD

Africa-focused project and trade finance consultancy firm AfricaGlobal Schaffer has hired Adam Cortese as its new managing director

ADB approves PRG for Madagascar hydro

The board of directors of the African Development Bank has this week (17 December 2019) approved a partial risk guarantee of $100 million in support of the 205MW Sahofika hydropower project in Madagascar

Vestas to supply two Victoria wind farms

Vestas has won turbine orders for two of German developer BayWa r.e.'s wind farm projects in western Victoria, named Diapur Wind and Ferguson Wind

SpaceX launches ADB-backed satellite

Kacific Broadband Satellites Group has announced that a SpaceX Falcon 9 rocket successfully launched its Kacific-1 satellite into space from Cape Canaveral, following close earlier this month of the $160 million refinancing

FC nears on SATORP refinery refi

Saudi Aramco Total Refining And Petrochemical (SATORP) is set to close on a $2.245 billion refinancing of outstanding debt for its 400,000 barrels per day (b/d) oil refinery in Jubail, Saudi Arabia

Paraguay DFI transmission loan approved

Corporación Andina de Fomento (CAF) has agreed to provide a $250 million loan for transmission projects in Paraguay

World Bank signs Khyber Pass concessional financing

The Pakistan Government and the World Bank have signed on 13 December 2019 a concessional financing agreement for the $465 million Khyber Pass Economic Corridor (KPEC) project

EIB invests in more Spanish solar

The European Investment Bank has invested €76.5 million ($85 million) in the 300MW Talayuela solar project in Spain

BNDES starts PPP for street lighting in Petrolina

The Brazilian Development Bank (BNDES) has announced a public consultation on a street lighting PPP project in the city of Petrolina, located in the north eastern state of Pernambuco

AfDB approves loan for Moroccan rural transmission

The African Development Bank (AfDB) has approved up to €245 million ($273 million) in loans for a transmission project to strengthen the national grid in Morocco’s rural areas

ADB provides a boost to Build, Build, Build

The Asian Development Bank (ADB) has approved a $200 million loan for the Philippines' Build Build Build infrastructure development programme

Caribbean airport gets financing for reconstruction

The government of Sint Maarten has signed on a $129 million financing package from three institutions for the reconstruction of the passenger terminal at the Princess Juliana International Airport following the damage caused by hurricanes Irma and Maria

Iberdrola scoops DFI Loan for Brazilian wind

The European Investment Bank (EIB) and Iberdrola have inked a €250 million ($278 million) loan agreement to finance 520MW of wind capacity in Brazil

DFI approves India non-sovereign solar loan

Asian Infrastructure Investment Bank (AIIB) is to provide a $65 million non-sovereign loan to a Hero Future Energies special purpose vehicle (SPV) for the development of a solar farm in northern India