The European Bank for Reconstruction and Development (EBRD) is investing in the farming sector with a loan of US$15 million to Ukraine’s leading tomato paste producer Agrofusion Group. It will implement a range of high-tech farming solutions suggested by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme. This should reduce water leakages in the irrigation system and significantly reduce the amount of plastic waste generated during the production cycle.
The EDFI Management Company’s ElectriFI project made its second investment with US$64,015 going to Tanzanian solar operator NextGen Solawazi. The company plans to develop, construct, operate and maintain a 5MW solar photovoltaic power plant under the Small Power Producer Program in Tanzania.
The International Finance Corporation has invested US$25 million in Minsheng Education Group Company as a cornerstone investor in the company’s initial public offering on the Hong Kong Stock Exchange. The funds will help Minsheng Education enhance operations in its existing four schools in Chongqing and Inner Mongolia.
The Japan Bank for International Cooperation and a private commercial institution are lending US$6.1 million and US$6.3 million respectively to Kompogas, a US subsidiary of Hitachi Zosen, to build a waste treatment and power generation plant (waste treatment capacity of 30,000 tonnes per year; power output of 730kW) in San Luis Obispo, California. It is the Bank’s first loan for a waste treatment plant.
The EBRD and Turkish real estate developer Nef are each investing US$60 million in a joint venture to build in modern, earthquake-proof and energy-efficient properties in a move to promote urban regeneration and greener standards in the construction sector.