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27 November 2020
in
Mining

KfW rules out financing for Adani's Carmichael coal mine

German development bank KfW has responded to a number of enquiries about its business relationship with the State Bank of India in connection with SBI's financing for...

27 November 2020
in
Renewable energy

AfDB, DFID support DRC solar projects

Pan-African industrial platform Eranove Group, the Association of Energy Engineers, and London-based Gridworks are to work together on a project to install solar hybrid...

27 November 2020

ADB approves $300m loan to promote macroeconomic stability in Pakistan

The Asian Development Bank has approved a $300 million policy-based loan to help promote macroeconomic stability in Pakistan by facilitating improved trade...

27 November 2020
in
Renewable energy

BNDES agrees $107m loan for EDPR wind expansion in Brazil

Brazilian development bank BNDES has approved an up-to BRL568 million ($107 million) loan to expand EDP Renovaveis's Jerusalem wind complex to 180.6MW.The financing...

27 November 2020

World Bank prices first global dual tranche New Zealand dollar bonds

The World Bank has priced a New Zealand dollar-denominated dual tranche of NZD1 billion ($702.6 million) and NZD300 million ($210.8 million) fixed-rate global Sustainable...

27 November 2020
in
Renewable energy, Traditional energy

AfDB agrees $120m financing for Malagarasi Hydropower Project

The African Development Bank has approved a $120 million loan to fund the construction of a 50MW hydropower plant in Western Tanzania. The Malagarasi Hydropower project...

27 November 2020
in
Manufacturing, Traditional energy

ADB approves $156m loan to upgrade power grids in Nepal

The Asian Development Bank has approved a $156 million concessional loan to modernize power transmission and distribution systems in Nepal. The Electricity Grid...

27 November 2020
in
Social infrastructure

EBRD, ING finance new railcars for metro expansion

The European Bank for Reconstruction and Development and ING are co-financing the acquisition of up to 45 new railcars to support the expansion of Warsaw's metro...

26 November 2020

Proparco agrees COVID-19 loan to Georgia

France's Proparco has agreed a $5 million loan to Credo Bank, in Georgia. The facility is aimed to support short term needs of the bank’s customers and to...

26 November 2020
in
Social infrastructure

AFD, EBRD, EIB finance renovation of Cairo Metro Line 1

Agence Francaise de Developpement (AFD) has signed a €50 million financing agreement for the renovation project of the Cairo Metro's Line 1.The project, which...

26 November 2020
in
Renewable energy

BNDES approves Omega's purchase of 583MW Brazilian wind cluster

Brazilian development bank BNDES has agreed to the transfer of control over the 582.8MW Chui wind power cluster to renewable energy company Omega Geracao.Omega Geracao is...

26 November 2020
in
Social infrastructure

KfW supports preparations for COVID-19 vaccination in India

German development bank KfW is providing €15 million from funds of the Federal Ministry for Economic Cooperation and Development to prepare for COVID-19 vaccination...

26 November 2020
in
Social infrastructure

DFC approves $1.1bn loan to Ginkgo Bioworks to boost COVID-19 fight

The US International Development Finance Corporation (DFC) has approved a loan of up to $1.1 billion for Boston-based biotech company Ginkgo Bioworks.The financing will...

25 November 2020
in
Waste and water

DEWA names PB for Hassyan IWP

Financial close on the Hassyan independent water project (IWP) in Dubai is expected in H1 2021, after Dubai Water & Electricity Authority (DEWA) announced a Utico-led...

25 November 2020
in
Waste and water

Yanbu 4 IWP nears signing

Joint sponsors of the Yanbu 4 IWP project in Saudi Arabia - Engie and Mowah - are expected to sign the debt package backing the $850 million scheme next week. Financial...

25 November 2020
in
Renewable energy

APICORP agrees $50m facility for Yellow Door Energy solar PV projects

The Arab Petroleum Investments Corporation (APICORP) has signed a $50 million revolving construction facility with UAE-based sustainable energy provider Yellow Door...

25 November 2020

ADB, IFC, DEG sign blue loan to boost recycling, cut ocean plastic waste

The Asian Development Bank, Germany's DEG, and the International Finance Corporation have signed loans totalling $300 million with Indorama Ventures Public Company...

25 November 2020

EBRD helps finance SMEs in Moldova

The European Bank for Reconstruction and Development and the European Union are providing new finance to small and medium-sized enterprises in Moldova. The...

25 November 2020

DFC to invest $2bn in Indonesian sovereign wealth fund

The US International Development Finance Corporation (DFC) is to invest $2 billion in Indonesia's new sovereign wealth fund.The DFC will also engage with its partners...

25 November 2020
in
Waste and water

EBRD to finance Ganja waste collection improvement

The European Bank for Reconstruction and Development plans to allocate €10 million (about $11.9 million) to the Azerbaijani government for modernization of waste...