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Kazakhstan’s first PPP reaches financial close

The project company of a 66km ring road around Almaty, Kazakhstan has reached financial close on a $585 million debt financing, following nearly 7 months of clearing conditions precedent

Yum appointed director for Mphanda Nkuwa hydro project

Carlos Yum has been sworn in as the director of the Mphanda Nkuwa Implementation Office which will act as the implementing authority for the $2 billion, 1.3GW Mphanda Nkuwa hydropower project on the Zambezi River.

Afghanistan’s first long-term IPP signs

Lenders have signed a debt financing package on an $89 million gas-to-power plant project in northern Afghanistan, set to boost the country’s domestic electricity generation by up to 30%

NJ mulls offshore wind port P3

New Jersey is mulling a P3 model to develop the New Jersey Wind Port, on an artificial island on the eastern shores of the Delaware River, south west of the City of Salem

IDE Technologies signs debt for Sorek B desal in Israel

Israeli water developer IDE Technologies has signed with two DFIs and one local commercial bank a debt package for the €500 million Sorek B desalination plant

Details emerge on Viking Link

The National Grid has closed a market first – a multi-ECA covered green loan, guaranteed by SACE with SIMEST CIRR support and Euler Hermes – to finance an electricity interconnector between Denmark and the UK

Ichthys LNG refinancing closes

An $8.3 billion refinancing of the project level debt of the Ichthys LNG in Australia reached financial close this week – the first refi of the project's debt since the primary financing closed in 2012

EBRD appoints new Mongolia head

Austrian Hannes Takacs has been appointed leader of European Bank for Reconstruction and Development in Mongolia

Takacs takes Mongolia role at EBRD

Hannes Takacs has been appointed to lead the European Bank for Reconstruction and Development in Mongolia

DfID teeters on the brink

The UK government department responsible for overseas aid – the Department for International Development – is understood to be merging with the Foreign Office

BAFT launches Africa leadership

The Bankers’ Association for Finance and Trade has created a regional council to provide guidance and leadership for member services in Sub-Saharan Africa

ECAs back major interconnector

SACE Export Credit and Euler Hermes Export Credit have joined forces to support the financing of a €2 billion electricity interconnector between the Denmark and the UK

IFC to prepare Indian renewables PPPs

The International Finance Corporation has obtained a mandate to prepare Indian renewable energy PPPs

JFK T1 reaches financial close

The consortium behind the JFK Terminal 1 upgrade has reached financial close on New York's challenging airport finance transaction

Oramah retained as president of Afreximbank

The shareholders of Afreximbank have voted to re-appoint Benedict Oramah as president for a second five-year term

Sudan first for payment method

QNB Group, the largest financial institution in the MEA region, has logged a market first by performing an international payment card transaction in partnership with Mastercard

Korean guarantees for export support

The government of South Korean is to offer guarantees for national companies bidding on overseas tenders to support deals amounting to $100 billion over the next 2 years

UKEF supports Benin transport project

UKEF has provided more than £100 million in financing to support the refurbishment of a 114-mile inter-state road in Benin

Nepal hydro recruits panel

A Nepal Electricity Authority (NEA) subsidiary has reissued a request for EoIs for a panel of experts on a run-of-river hydropower project in the west

Bidders emerge for Greek research centre PPP

The delayed bids for the Athens Biomedical Research Centre were received with five Greek construction companies lined up to compete for the concession