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EU agrees 40% carbon cut by 2030

European Union member states have agreed a pact to cut carbon emissions across the continent by 40% on 1990 levels by 2030

MVV Energie hires Czech business CEO

Jiri Koptik has been appointed as chief executive of the Czech subsidiary of Mannheim-based energy company MVV Energie

CPD closes Khare Khola hydro

Consortium Power Developers (CPD) has reached financial close on the 24.1MW Khare Khola Hydropower project in Nepal

First State buys EVG German gas grid

First State European Diversified Infrastructure Fund (EDIF), the European infrastructure fund of First State Investments, is to acquire German gas grid operator EVG

Standard Bank poised to lend on Zimbabwean hydro expansion

Zimbabwe Power Company is close to signing an additional loan from Standard Bank to finance the troubled expansion of the Kariba South hydroelectric dam, a spokesman for the bank told IJGlobal

South Africa plans China nuclear deal

South Africa plans to sign further nuclear power framework agreements with China and Japan in the coming months, the Department of Energy said on Sunday

Macquarie, bcIMC-led investor group to buy Cleco

An investor group led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC) have agreed to acquire the utility holding company Cleco Corporation for about $3.4 billion

MIGA to cover Angolan hydro plant

MIGA is considering providing a €600 million (US$768m) guarantee for the Lauca hydroelectric power project in Angola, the agency disclosed last week

First major deal in Kosovo power for EBRD

The European Bank for Reconstruction and Development (EBRD) has made its first large investment in Kosovo’s power sector

Gas Natural Fenosa offers US$3.3bn for Chile's CGE

Gas Natural Fenosa, the listed Spanish power and gas utility, has agreed to buy Chile’s Compañia General de Electricidad, the largest integrated utility firm in South America, in a €2.6 billion (US$3.3bn) deal

Bids in for Myanmar's Myingyan IPP

The bids are in for the proposed 250MW gas fired Myingyan IPP in Myanmar’s Myingyan region

Ratch to undertake Myanmar coal fired feasibility study

Thailand’s Ratchaburi Electricity (Ratch) will undertake a feasibility study into a 2,640MW coal-fired power plant project located in Myeik, Tanintharyi region, Myanmar

Hemas sells out of Sri Lankan power portfolio

Hemas Holdings is selling a 75% stake in Sri Lankan power producer Hemas Power to three domestic investors for Rs1.68 billion ($12 million)

1MDB and Mitsui near close on 3B sukuk

1MDB and Mitsui are understood to be pricing the M$8.4 billion sukuk issue for the 3B power project in Malaysia

Statoil boss to leave for BG Group

Statoil chief executive Helge Lund is to leave the Norwegian energy business to take up the same role at British oil multinational BG Group

EIB debt for LitPol Link

The European Investment bank is looking at a €65 million loan for the €132 million Lithuanian section of the LTL1.3 billion ($480 million) LitPol interconnector project

Norway approves power cable to UK

The Norwegian government has granted a licence allowing the 1400MW, £1 billion ($1.6 billion) NSN Link subsea power project linking Norway and the UK to go ahead

Dynegy launches $5.1bn in bonds to finance acquisitions

Texas based utility company Dynegy has launched $5.1 billion in private placement bonds to finance the acquisition of a group of power plants from Duke Energy and Energy Capital Partners (ECP)