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Tender out for PNG transport consultant

The Asian Development Bank (ADB) issued a tender on 21 May (2020) recruiting a consultant for preparation of a feasibility study and detailed engineering design for a package of three highway and port projects in Papua New Guinea

EBID lends on Benin rural off-grid solar

The ECOWAS Bank for Investment and Development (EBID) signed with the government of Benin a $21.1 million loan for the construction of off-grid solar power systems across the West African state

AfDB appoints new VPs for energy and infra

The African Development Bank (AfDB) has announced two new senior hires – Solomon Quaynor as vice-president for its private sector, infrastructure, and industrialisation complex, and Kevin Kanina Kariuki as vice-president for power, energy, climate and green growth

EIB finances TenneT's offshore wind transmission

TenneT has received €250 million ($286 million) from the European Investment Bank (EIB) to finance the construction of a 43km high-voltage transmission connection between the Borssele offshore wind zone and Rilland substations

World Bank approves grant for Burundi electrification

The World Bank has approved a $100 million grant for the 17MW Solar Energy in Local Communities (SOLEIL) project to improve rural electrification in Burundi

CAF lends to projects in Argentina

Corporación Andina de Fomento (CAF) has agreed to provide a $300 million loan for infrastructure projects in Argentina—including power generation and transmission assets

ADB opens new office

The Asian Development Bank (ADB) last Friday (28 February 2020) opened a satellite office some 100km north of Manila

IDB to provide up to one-third of Huemul loan

IDB Invest could provide up to one-third of the project finance loan for Huemul, the second phase of Mainstream Renewable Power's 1.3GW Andes Renovables portfolio in Chile

NDF is first to commit to ADB venture capital fund

Nordic Development Fund is to support Asian Development Bank’s new $62 million venture platform to bolster start-ups providing technology solutions toward sustainable development goals in Asia Pacific

Burkina Faso extends RFQ for AfDB-backed solar project

The Burkinabe Rural Electrification Agency has extended the request for qualification deadline for its €74.76 million Yeleen Rural Electrification Project – which will consist of at least 100 solar mini-grids

DFI mandated for Mexican wind expansion

Sempra Energy subsidiary IEnova and Actis portfolio company Saavi Energia have mandated two commercial banks and a development finance institution for the financing of a 108MW wind farm in Mexico that will sell its output into the US

Furla employs UniCredit-backed fintech solution

Italian leather goods and accessories producer Furla has implemented dynamic discounting solution from fintech company FinDynamic, of which UniCredit is a shareholder

Japan to review coal power export policy

Japan's environment minister Shinjiro Koizumi has said the government plans to review the country's coal power plant export policy, speaking on Tuesday 25 February (2020) after a Cabinet meeting

EIB invests in Lithuanian wind

The European Investment Bank (EIB) is to invest Z258 million ($65 million) to build the 94MW Pomerania wind farm project in Poland owned by Lithuania’s Ignitis Group

IFC raises trade finance limits for Vietnamese banks

The IFC has increased trade finance limits for four client commercial banks in Vietnam to improve their capacity to cover SME payment risks following the COVID-19 outbreak

Adviser sought for ADB-backed hospital PPP in Kazakhstan

The Ministry of Health’s transaction adviser has invited today (25 February) expressions of interest by consultants to help on a hospital PPP project in Kazakhstan’s fourth most populous city

AfDB signs grants for Burundi port upgrade

The African Development Bank has signed with Burundi’s Ministry of Finance two grants totalling €23.4 million for the renovation of Bujumbura port on Lake Tanganyika