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EBRD launches GEFF in Armenia to support SMEs

The EBRD has launched a new Green Economy Financing Facility (GEFF) in Armenia that will support SMEs in funding investments in green technologies

ADB sole investor in B Grimm's first green bonds

Asian Development Bank (ADB) is the sole investor in B Grimm Power's private placement of five- and seven-year green bonds worth Bt5 billion ($152.6 million) – the first certified climate bonds to be placed in Thailand

FMO, Symbiotics invest in Tanzania off-grid solar

Dutch development bank FMO and investment firm Symbiotics have signed a $32.5 million facility with energy access company ZOLA Electric to expand its off-grid solar operations in Tanzania

Sipchem and Sahara finally sign on merger

Saudi Arabian petrochemical companies Sahara Petrochemical Company and Saudi International Petrochemical Company have entered into a legally binding agreement for a merger of the two businesses

Belarus development bank appoints chairman

The Development Bank of the Republic of Belarus (DBRB) has appointed a new chairman of the management board

Kazakh national railway places Eurobonds

National railway company Kazakhstan Temir Zholy has issued five-year, 3.25% Eurobonds worth $172 million, with about 30 investors investing in the bonds

Central African Republic joins Afreximbank

The Central African Republic has become the latest company to join the African Export-Import Bank (Afreximbank), ratifying its membership last week (December 2018)

EBRD and EU provide funds for Egypt waste management

The government of Egypt has signed a package of loans and grants with the European Bank of Reconstruction and Development and the EU to fund waste and water management in the Kitchener Drain area

DFI-backed TAPI pipeline to start construction

TAPI Pipeline said yesterday that construction on the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline will start in Q1 2019, also predicting financial close in the same quarter despite several delays in securing financing for the $7 billion project

Nigeria launches flare gas tender

Nigeria's government is inviting bids from interested parties to offtake flare gas under its Nigerian Gas Flare Commercialisation Programme (NGFCP)

Kuwait invites bids for IWPP advisory contracts

The Kuwait Authority for Partnership Projects (KAPP) has invited bids for transaction advisory services on two IWPP projects with a combined installed power capacity of 4.5GW

PGE seeks offshore wind partner

Polish state-owned power company Polska Grupa Energetyczna is seeking a strategic partner to procure, build and operate 2.5GW of offshore wind power in the Baltic Sea

Financial close on Java 1 CCGT/FSRU in Indonesia

Marubeni, Pertamina and Sojitz have belatedly reached financial close on the 1,760MW Java 1 combined cycle-gas turbine and floating storage and regasification unit project in Indonesia

EPC and O&M tender launched for Lebanon wind

Sustainable Akkar and Lebanon Wind Power have issued request for qualifications for the EPC and O&M contracts relating to two wind IPPs in Akkar, Lebanon

STOA acquires Nachtigal stake from IFC InfraVentures

Investment fund STOA has acquired a 10% stake in the €1.2 billion ($1.36 million), 420MW Nachtigal hydroelectric power project on the Sanaga River in Cameroon from IFC InfraVentures

Bids in for round 1 of GET FiT Zambia

Zambia's Ministry of Energy has received 15 RFP responses from eight of the 10 shortlisted consortia for the first round of the GET FiT programme

UniCredit promotes senior trade finance banker

UniCredit has promoted Hong Kong-based banker Siow Chin Yeo to the role of head of global transaction banking, Asia Pacific, effective from 1 February 2019

Togo joins Africa Finance Corporation

The Togolese Republic has become the 20th country to join development finance institution Africa Finance Corporation (AFC) as a member state

EBRD to sign loan for Jordan power sector

The European Bank for Reconstruction and Development (EBRD) will sign with Jordan’s National Electric Power Company (NEPCO) a $265 million loan to support the country’s power sector