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DFC takes action on Ecuador

Adam Boehler, the US International Development Finance Corporation (DFC) chief executive, has joined officials from the Republic of Ecuador – including President Lenin Moreno and Finance and Economy Minister Mauricio Pozo Crespo – to sign a framework agreement to refinance debt and support private sector investment in the country

Utico confirmed winner of Hassyan IWP

DEWA has named the Utico-led consortium the preferred bidder for its restructured 120migd Hassyan IWP project

Ørsted stresses local collaboration in Korea

Global renewable energy developer Ørsted aims to develop offshore wind farms with a capacity of up to 1.6GW off the country’s northwest coast

US IDFC to invest $2 billion in Indonesia SWF

The United States International Development Finance Corporation is planning to invest $2 billion in Indonesia's sovereign wealth fund

ABSA to onlend IFC funds to renewables

The IFC is considering a $150 million loan to South African lender Absa Bank which will onlend the proceeds to support renewable energy projects in the country

UK infra bank plan this week

UK Chancellor Rishi Sunak is set to announce plans for the creation of a new National Infrastructure Bank that looks uncannily similar to the Green Investment Bank that it sold to Macquarie in 2017.

Scottish National Investment Bank launches

Scottish first minister Nicola Sturgeon has today (23 November 2020) officially launched the Scottish National Investment Bank (SNIB) – UK’s first mission-led development bank

European multilaterals to finance Jordan telecoms

The EU and the EBRD will sign a $5 million funding package with Jordanian telecoms provider DAMAMAX to support the expansion of its fibre-to-the-premises services

KfW grants €80m loan to Austrian rail infra

The KfW IPEX Bank has today extended an €80 million loan to Austrian passenger rail company Österreichische Bundesbahnen

Atlas raises funds for Brazil solar PV

A subsidiary of Atlas, which is controlled by the private equity fund Actis, is raising financing for the construction of a 359MW solar project in Brazil

IFC and NSIA seek legal adviser for utility-scale solar PV

The IFC and the NSIA has invited expressions of interest from consultancy firms for the legal advisory services on a 60MW solar PV programme in the West African state

Swedish municipality to upgrade water infra

The Swedish municipality of Strängnäs has this week signed a 25-year framework loan agreement to finance its investment programme for wastewater infrastructure improvements

Total Eren enters Philippines solar

Mabalacat Solar Philippines and Singapore-based Sindicatum Renewable Energy are partnering with Paris-based independent power producer Total Eren for 2 utility-scale solar power plants in Luzon, Philippines

Uzbek power loans move towards approval

Financing details of a nearly $1.2 billion power plant complex in central Uzbekistan are firming up, as the sponsor and potential lenders await the government’s notice to proceed

IFC ponders loan for new Seychelles cable

The IFC is considering a $20 million debt package for Seychelles-based telecoms company Intelvision Network to support a new $31.8 million submarine cable system linking the archipelago nation with East Africa

BNDES to structure prison PPP in Santa Catarina

The Brazilian state of Santa Catarina has hired BNDES to structure a pilot project for a PPP for prison units in the city of Blumenau