Deal Round-Up: AIIB makes first loan to India

4th May 2017 Steve Hoare
  • The Asian Infrastructure Investment Bank has made its first loan to India with US$160 million to support the 24×7 Power for All project in the state of Andhra Pradesh.
  • Norfund and Yoma Strategic Holdings are each investing US$1 million in a joint venture, which will establish micro-power plants and mini-grids to provide power to off-grid communities in Myanamar.
  • The US Overseas Private Investment Corporation (OPIC) is indirectly investing in Myanamar with a commitment letter to lend US$5 million to US-based microfinance company Early Dawn Microfinance. This will assist micro and small business-owners in Myanmar, specifically targeting low-income female entrepreneurs.
  • The Asian Development Bank has lent the Uzbekistan government $80 million to electrify 145km of railway, connecting the cities of Pap, Namangan, and Andijan.
  • The European Bank for Reconstruction and Development has invested in Slovenian company Javna Razsvetljava, the first project to receive finance from the bank’s €140 million Street Lighting Framework for the Baltic states, central, and south-eastern Europe.
  • Brazil’s National Bank for Economic and Social Development (BNDES) has awarded a series of contracts for the supply of water and sewerage in the states of Acre, Ceara, Rio Grande do Norte and Santa Caterina. The tenders amounted to a total of R$18.14 million.
  • The Asian Infrastructure Investment Bank will lend US$8.7 million to finance the development of the Nenskra hydroelectric plant in Georgia.

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