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Standard Chartered ups commitment to Power Africa

Standard Chartered has increased its commitment from $2 billion to $5 billion for the Power Africa initiative, the US Government’s scheme to increase international investment into power projects in the continent

Blackstone partners with Black Rhino for Africa investment

US-based asset management firm Blackstone has announced an agreement with developer Black Rhino to jointly target investment in large-scales infrastructure projects across Sub-Saharan Africa

Pakistan invites bids on Gadani power park

Pakistan’s Power and Infrastructure Board is inviting international and local sponsors to submit their interest in the planned 6,600MW Power Park project at Gadani in Balochistan

Tauron signs with EIB on renewables and distribution

Polish power utility Tauron has closed a €71 million ($95 million) financing with the European Investment Bank for the upgrade of its distribution network and hydroelectric generating fleet

Ofgem proposals to encourage £17 billion network investment

Ofgem has set out its proposed price control settlements for five of the six companies that run Britain’s local electricity network as it seeks to encourage investment in network upgrades and lower energy bills

South Korean military invests in Hastings' TIF fund

South Korea’s military welfare fund has invested $43 million in Hastings Funds Management's The Infrastructure Fund (TIF) to become the Australian fund’s first offshore investor.

Nepal's PPP law on ice

Nepal’s introduction of a PPP law has stalled while the country negotiates electricity import and export tariffs with neighbor India it is understood

Jaiprakash finds hydro buyer days after Taqa pulls out

Jaiprakash Power Ventures has signed a memorandum of understanding (MoU) with Reliance Power for the sale of three hydro power plants, just days after a deal for the sale of two of the plants to an Abu Dhabi National Energy (Taqa) led consortium fell through

EBRD to fund Tajik hydro modernisation

The European Bank for Reconstruction and Development (EBRD) will lend $50 million for the first phase of the modernisation of the Qairokkum hydropower plant in Tajikistan

Mozambique’s Moatize IPP signing delayed

An ACWA Power-led consortium has pushed back the expected date of financing documents signing for its 600MW Moatize independent power project in Mozambique

OPWP to pick Salalah 2 winner in September

Oman Power and Water Procurement Company (OPWP) has pushed back the final bid deadline for the Salalah 2 independent power project

Saudi Aramco and SEC launch Fadhili CHP tender

Saudi Aramco and Saudi Electricity Company (SEC) has launched the tender for the Fadhili combined heat and power (CHP) project in Saudi Arabia

1MDB signs PPA for 3B power project

1Malaysia Development and Mitsui have signed a 25-year power purchase agreement (PPA) with state-owned utility Tenaga Nasional Berhad for the R11 billion 3B power project in Malaysia

Taqa pulls out of Indian hydroelectric deal

An Abu Dhabi National Energy (Taqa) led consortium has withdrawn from a $1.6 billion deal to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures due to change in business strategy, according to a Bombay Stock Exchange (BSE) filing

Toyo Thai appoint FA for Myanmar power plant

Toyo Thai has appointed SMBC as financial adviser for its proposed $2.5 billion 1,280MW coal-fired independent power plant (IPP) in Myanmar’s Mon state

NRG and JX Nippon near close on Petra Nova Project

NRG and JX Nippon Oil & Gas Exploration Corporation is planning to close – in the next few weeks – on the debt portion of their financing for the carbon capture and storage (CCS) project in Texas

UK capacity market receives EU approval

The European Commission has given its approval to the proposed UK capacity market, which aims to ensure that sufficient electricity supply is available to cover consumption at peak times