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Sharjah approves water project, UAE

The emirate of Sharjah has approved the AED261 million ($71m) Al Mudina Tank project.

FMO invests in Okra Solar, Sub-Saharan Africa

FMO has signed a $1.5 million equity investment into Okra Solar as part of the latter’s business expansion into underserved areas with new solar and BESS

DFC grants solar loan in Ecuador

The US International Development Finance Corporation has signed a commitment letter to finance a solar project in Ecuador

Bangladesh awards contract for road project

The Government of Bangladesh has announced the winning bidder for a project to convert the 21.7km Sylhet-Tamabil Road into a 4-lane expressway

IFC expands office as regional hub, Jordan

The International Finance Corporation has expanded its office in Amman, Jordan, to become a regional hub for the Middle East, Pakistan and Afghanistan

ADB to back Nagpur Metro Phase II

India has requested financial assistance from Asian Development Bank for the construction of the Nagpur Metro Phase II project

MIGA backs BTE’s Prieska deal, South Africa

Multilateral Investment Guarantee Agency has signed a $18.9 million guarantee with Africa-focused BTE Renewables to cover the latter’s equity investment in the 75MW Prieska solar PV in South Africa’s Northern Cape province

EXCLUSIVE Bangladesh’s RAD expressway PPP – financing

The sponsors of Bangladesh’s Rampura-Amulia-Demra expressway project have signed a facility agreement – IJGlobal has learned – a key milestone in the development process

FSD Africa invests in InfraCredit’s risk facility

FSD Africa has signed a £10 million investment into InfraCredit’s Risk Sharing Backstop Facility to derisk greenfield infra projects in Nigeria.

UK awards £8m hydrogen transport funding

The UK Department for Transport has awarded 2 projects under its £8 million funding round for hydrogen transport projects.

ADB appoints country director for PNG

Asian Development Bank has appointed Said Zaidansyah as country director for Papua New Guinea

EU backs Hungary energy transition

The European Commission has approved a €2.36 billion Hungarian scheme to support investments in strategic sectors to foster the country's net zero transition

Jamaica’s privatisation programme – details

The government of Jamaica has launched a privatisation initiative set to be implemented by the Development Bank of Jamaica – including 4 PPPs and 3 privatisations through other means

EXCLUSIVE Uzbek’s first hydropower PPP progresses

The first hydropower PPP from Uzbekistan consisting of 5 projects in a single lot is going to hit the market soon

EC approves €246m Dutch green hydrogen scheme

The European Commission has granted a €246 million Dutch scheme to support the production of renewable hydrogen and increase electrolysis capacity in the Netherlands

Brazilian state to launch highway programme

Brazil’s Santa Catarina sate is preparing to launch a state-wide highway initiative in August 2023, valued over R$1.5 billion

RWE JV secures debt for Greek solar portfolio

A JV of German utility RWE and Greek energy company Public Power Corporation has secured €157 million from lendres to develop a 280MW solar portfolio in Western Macedonia

PENRA to launch expanded solar IPP programme

The Palestinian Energy and Natural Resources Authority is preparing to launch a tender for an expanded solar tender featuring 2 independent power projects in the West Ban

Infinite secures Oz grant for hydrogen project

Infinite Green Energy has secured a A$5 million grant from the Western Australia Government for a green hydrogen project in the Shire of Northam