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FC deadlines for two CPEC projects extended to next year

Pakistan’s Ministry of Energy has extended the financial close deadlines of two China-Pakistan Economic Corridor projects – the $1.66 billion Matiari-Lahore transmission line and $542 million Gwadar coal-fired power plant

Puma Energy appoints new CEO

Midstream and downstream oil & gas company Puma Energy has appointed Emma Fitzgerald as its new CEO. She will succeed Pierre Eladari, who has held the position since February 2004, on 2 January 2019

Mayer Brown appoints TF partner

Mayer Brown has appointed Ashley McDermott as partner in the firm's banking and finance practice in London

Apicorp mandated on Egypt petrochemicals

French developer Suez has mandated Arab Petroleum Investments Corporation (Apicorp) to lead the financing of its $60 million formaldehyde and derivatives project in Damietta, Egypt

JBIC leads facility for Mexico's CFE

Mexican public utility CFE has closed a $100 million loan to finance power development in the country

Italy-owned TrainOSE signs SPA for Greek ROSCO

TrainOSE – a Greek subsidiary of Italy’s state rail company Ferrovie dello Stato Italiane – today (29 October 2018) signed the sale and purchase agreement (SPA) for the acquisition of Greek rolling stock company EESSTY

AfDB approves grant for Malawi water project

The African Development Bank (AfDB) has approved of a $15 million grant from the African Development Fund (ADF) for water supply and sanitation project in Malawi

IDB provides funding for Bolivian transmission line

The Inter-American Development Bank (IDB) will fund the construction of a high-voltage (230kv) transmission line in Bolivia, linking San Ignacio de Velasco in the department of Santa Cruz, to the grid

Debt details emerge for Bahrain’s Al Dur 2 IWPP

Sponsor ACWA Power has lined a debt package for the 1,500MW and 50 million gallons per day Al Dur 2 IWPP in Bahrain, ahead of reaching commercial close next month (November 2018)

China Development Bank and JBIC sign cooperation MoU

China Development Bank and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) to cooperate on funding infrastructure outside the two countries

GE and Siemens sign Iraq power MOUs

Major turbine manufacturers GE and Siemens have both signed memorandums of understanding over the last week (October 2018) with the government of Iraq for new power generation projects in the country

AfDB increases loan to Abidjan urban transport plan

The African Development Bank (AfDB) has more than doubled its lending to the Cote d’Ivoire government’s Abidjan urban transport master plan by approving €329.7 million ($376 million) in additional funding

AfDB signs new credit insurance deal

The African Development Bank has signed a $500 million credit insurance deal covering a portion of the bank’s portfolio of non-sovereign operations in Africa