- CDC Group has joined forces with the industrial and infrastructure development arm of the Aga Khan Fund for Economic Development to build a new joint power platform for sub-Saharan Africa.
- It will house the fund’s existing power projects in Kenya and Uganda, and extend them to new power projects in greater East Africa (including the Democratic Republic of Congo, Mozambique and Madagascar) and West Africa.
- CDC will invest up to US$70m in the formation of the joint venture and subsequent partners will invest US$140m (including a further US$70m from CDC) and mobilise project funding of US$1bn for new power projects including the 147MW Ruzizi III project in the Great Lakes region (Rwanda, Burundi and the DRC).
- Further north, the African Development Bank has approved a US$14.57 million supplementary loan for South Sudan’s Juba power project. It has also approved the eligibility assessment for compliance review of the bank-financed construction of a 125 MW Coal Sendou Power Plant Project in the village of Bargny Minam in Senegal.
- Meanwhile, the Asian Development Bank is backing Cambodia’s first large-scale solar farm with a US$9.2 million loan to Singapore’s Sunseap Group.
- The Japan Bank for International Cooperation (JBIC) has also been active in South East Asia with a US$50 million loan to Vietnam Electricity to build Vietnam’s first ultra-critical coal-fired power plant.
- And nearby Myanamar is also benefitting from Japanese investment after the Japan International Cooperation Agency signed JPY10.8 billion loan agreement with the government to rehabilitate the hydropower plants, which supply electricity to the Yangon and Mandalay.
- US Agency for International Development (USAID) has awarded engineering firm Tetra Tech a US$57 million contract to promote the delivery of clean energy services in Pakistan.
- Over in Latin America, the Brazilian Development Bank BNDES has committed R$1.18 billion to Inova Mineral to develop sustainable practices in the mining and minerals industry and R$679 million to Atlantic Energias Renováveis to develop a wind farm in Rio Grande do Sul.
- And finally, in Southern Europe, the European Bank of Reconstruction and Development has closed two deals in Turkey, investing US$1 million in Turkish packaging company Korozo and lending €150 million to car manufacturer Ford Otosan.