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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

World Bank finances Argentinian renewables

The World Bank and the Argentinian government have signed a $250 million financing package for renewable energy programme RenovAr, Round 2

Faulk joins Eversheds Sutherland

Eversheds Sutherland has hired Ginger Faulk as a partner in its energy & infrastructure practice group in Washington DC

Sierra Leone cancels CEXIM-backed airport project

Sierra Leone’s Ministry of Transport and Aviation has cancelled all contracts pertaining to the planned Export-Import Bank of China-backed, $400 million Freetown International Airport Project

AfDB to lend on Tunisian water

The African Development Bank has approved a $88 million financing package to fund the first phase of the government of Tunisia's new sanitation programme

Reed Smith hires trade finance expert in London

Reed Smith has appointed trade finance expert Omar Al-Ali as a partner in the firm’s energy and natural resources group in London

World Bank backs Egypt water programme

The World Bank has signed a $300 million loan with Egypt's Ministry of Investment to fund a $694 million sanitation project involving the construction and rehabilitation of water infrastructure

EBRD mulls loan for Lebanese power grid

The EBRD is considering a $20 million loan for a national grid project being undertaken by Lebanese electricity distribution services company BUTEC Utility Services

Proparco funds biomass plant in Côte d’Ivoire

France's Proparco has arranged a €90 million loan for Ivorian agro-industrial SIFCA Group to finance the 46MW Biokala biomass power plant in Ayebo, Côte d’Ivoire

IsDB to raise $1bn for Africa and Asia infra funds

Jeddah-based Islamic Development Bank is planning to raise $1 billion across two new infrastructure funds focused on Africa and Asia

AfDB backs West African road development project

The African Development Bank has signed a €49.17 million funding package for the €79.94 million first phase of the Boké-Québo road development project between the West African states of Guinea and Guinea-Bissau

EIB to sign loan for Morocco's Noor Midelt CSP-PV

The European Investment Bank has approved a $448 million loan for the 1GW Noor Midelt hybrid PV and concentrated solar power project near the city of Midelt, Morocco

EIB to join DFIs on Cameroon hydro

The European Investment Bank has approved a $57.9 million loan for the $1.4 billion, 420MW Nachtigal hydroelectric power project on the Sanaga River in Cameroon

AFC signs first CEXIM loan facility

The Africa Finance Corporation has signed a $300 million loan facility from the Export-Import Bank of China

ADB to back Vietnam floating solar

Vietnam’s state-owned power utility EVN subsidiary Da Mi Hydropower is planning to develop a 47.5MW floating solar power plant

JICA signs partnership with Kenya and UNIDO

Japan International Cooperation Agency has signed a partnership with Kenya Electricity Generating Company and United Nations Industrial Development Organization to improve Kenya's geothermal power generation

New regional ADB director for Pacific islands

The Asian Development Bank has appointed Masayuki Tachiiri as regional director of the multilateral bank’s Pacific Subregional Office in Suva, Fiji

FDIs raise $400m to invest in Brazil

Brazil's BNDES, IFC and IDB Invest have raised a $400 million fund to invest in the infrastructure, agribusiness, education, and food and drink sectors

IFC issues Komodo green bond

The International Finance Corporation has issued its first Indonesian rupiah-denominated Komodo green bond, raising $134 million

AfDB hosts energy PPP workshop in Swaziland

The African Development Bank is hosting a public-private partnerships workshop in Swaziland focusing on projects in the energy sector to close the skill and knowledge gap between the public and private sectors