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Asia Connect
Daewoo Engineering & Construction has signed a US$790 million agreement with General Electricity Company of Libya to build gas-fired power stations in the Mellitah and Misurata regions.
22 Mar 2023
The European Bank for Reconstruction and Development (EBRD) has approved a €300 million (US$321 million) financing package to help support Serbia’s electricity sector.
22 Mar 2023
KfW Ipex-Bank is contributing €40 million (US$42.8 million) to a €400 million debt facility for Allego, a pan-European charge-point operator, to fund a pipeline of contracts and expand its network of ultra-fast electric-vehicle chargers across key sites in Germany, France and Benelux.
22 Mar 2023
A fund managed by BlackRock is acquiring a stake in a 310-megawatt wind farm in Kenya, the largest in the African continent. The stake in Lake Turkana Wind Power Limited (LTWP), which owns and operates the wind farm, is held by the Finnish Fund for Industrial Cooperation (Finnfund). The fund, a development financier and impact investor, has been a shareholder in LTWP since construction of the wind farm began in 2014.
22 Mar 2023
Keppel Corp has reached a long-term power purchase and export agreement with Cambodia’s Royal Group Power to buy electricity from Cambodia and Laos. Singapore’s Energy Market Authority (EMA) has conditionally approved long-term imports and sales of one gigawatt of low-carbon electricity from renewable energy sources by wholly owned unit Keppel Energy, Keppel says in a statement.
20 Mar 2023
The Philippines' largest integrated telco PLDT on March 16 announced a new tower sale and leaseback transaction by its subsidiaries Smart Communications and Digitel Mobile Philippines involving 1,012 telecom towers and associated passive telecom infrastructure. The company signed a sale and purchase agreement with Frontier Tower Associates Philippines for over 12.1 billion pesos (US$221.20 million).
17 Mar 2023
American carrier Southwest Airlines has agreed to purchase over 400,000 carbon credits from SMBC Aviation Capital.
15 Mar 2023
Greek utility Public Power Corporation (PPC) has agreed to acquire all of the equity interests held by Italian energy giant Enel and its subsidiaries in Romania for €1.26 billion (US$1.35 billion).
15 Mar 2023
BNP Paribas, Crédit Agricole, Citibank, HSBC, and JPMorgan Chase have signed a debt package for the first phase of the Sal de Oro lithium brine project in Argentina. The Sal de Oro lithium brine project is one of the most important lithium brine projects in Argentina, and is being developed by South Korea’s Posco, one of the world’s largest steel manufacturers.
15 Mar 2023
Japan’s Nippon Export and Investment Insurance (NEXI) is providing insurance for commercial bank loans extended to Red Sea Wind Energy, a project company building a 500-megawatt wind farm in Egypt. This is the first co-financing between NEXI and the European Bank for Reconstruction and Development (EBRD) based on a memorandum of understanding signed in 2020.
15 Mar 2023
Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene on Tuesday (March 14) joined Rio Tinto chief executive Jakob Stausholm 1.3 kilometres underground to celebrate the start of underground production at the Oyu Tolgoi copper mine in the Gobi Desert.
14 Mar 2023
Singapore’s energy and urban development company Sembcorp Industries (Sembcorp) has secured a deal to build, own and operate a 500-megawatt solar plant in Manah, Sultanate of Oman. The Manah Solar II Independent Power Project (IPP) is expected to be operational by 2025 and will be backed by a 20-year power purchase agreement with Oman Power and Water Procurement Company (OPWP).
14 Mar 2023
Sumitomo Corporation has sold the largest mining operation in Bolivia to Vancouver-based San Cristobal Mining (SCM).
8 Mar 2023
Tokyo-based Inpex Corporation has acquired a 16.7% stake in the Moray East offshore wind farm, which is currently in operation approximately 22 kilometres off the coast of Scotland.
8 Mar 2023
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