Latest News

DFIs back Armenian CCGT

Italy's RenCo and Siemens Power Ventures have reached financial close on the $260 million, 240MWt Armpower power project in Yerevan, Armenia

Riau gas-fired targets Q1 financial close

Medco Power and Ratchaburi Electricity, sponsors on the 275MW gas-fired power plant in Riau province on Sumatra Island in Indonesia, are aiming to reach financial close on the ADB and IFC-backed project by the end of March

Consultants sought for Ethiopian hydro projects

Ethiopia Electric Power has invited EOIs from consultancy firms to carry out AfDB-supported early-stage studies for five hydropower projects with a combined installed capacity of 1,097MW

EBRD mulls Xorazm wastewater support

The EBRD board will discuss in July a $75 million sovereign loan to the Uzbekistan government, after a review of a wastewater infrastructure rehabilitation project in Xorazm

SBM signs new $1bn revolver

Dutch marine engineer SBM Offshore has signed a five-year revolving credit facility agreement for $1 billion

Tender for ADB-backed Malolos-Clark railway civil works

The Philippines' Department of Transportation has launched the civil works tender for the first civil works phase of the 53km rail connecting Malolos to Clark International Airport in Manila

Koroleva named partner at gunnercooke

Law firm gunnercooke has appointed Veronika Koroleva as a partner in its banking and finance department in London

EBRD eyes funding Kashkadarya wastewater

EBRD will consider a $60 million sovereign loan to the Uzbekistan government, following a review of a wastewater infrastructure rehabilitation project in Kashkadarya

FMO prices first green bond

Netherlands-based development finance bank FMO priced its inaugural ‘green bond’ on 12 February 2019

Roxgold acquires Côte d'Ivoire gold project

Canadian mining developer Roxgold has signed with Australian miners Newcrest West Africa Holdings for the acquisition of 11 exploration permits in Côte d'Ivoire for the initial sum of $20 million

Cambodia invites bids for ADB-backed solar

Cambodian state utility Electricité du Cambodge (EDC) has today (13 February) invited bids for the 60MW first phase of a planned 100MW solar project in Kampong Chhnang

EOIs requested for AfDB-back wind farm in Mozambique

UK-based infrastructure developer eleQtra has invited expressions of interest (EoIs) from consultancy firms for the technical advisory role on the 120MW Namaacha wind project in Maputo, Mozambique

Kleboth to lead EBRD loan syndications

EBRD has appointed long-serving banker Christian Kleboth to become its new head of loan syndications

KfW IPEX lends on Volkswagen wind farm

KfW IPEX-Bank has agreed to provide €19.5 million ($22 million) to finance the acquisition and assembly of four wind turbines for Volkswagen Kraftwerk at the MAN Truck & Bus site in Salzgitter, Germany

EBRD considers Karaganda solar

European Bank for Reconstruction and Development (EBRD) is considering partly financing a $62.5 million Karaganda solar power plant in central Kazakhstan

ADNOC awards contract for Ghasha concession

The Abu Dhabi National Oil Company has awarded a $1.36 billion construction contract to UAE's National Marine Dredging Company for the first development phase of the offshore Ghasha concession

Leadership changes at Chevron

Pierre Breber has been appointed vice-president and chief financial officer of Chevron Corporation, replacing Patricia Yarrington who is retiring after 39 years with the company