#loan

Iberdrola SA has signed an agreement to receive a €500 million syndicated green loan to support its renewable energy projects in the US, Australia and Italy.

This is the fourth such loan that has been signed.

NamPower, the national electricity utility, will use the loan as it seeks to wean itself off electricity imports from neighbouring countries.

This will finance the implementation of the Ecuadorian side of the power interconnection system between Ecuador and Peru.

German development bank KfW has approved a loan intended for the development of a power transmission project supporting renewable energy projects in India.

Portugal, Lisbon: The European Investment Bank (EIB) is to lend €450 M to Redes Energéticas Nacionais SGPS, S.A. (REN) for Portuguese power grid upgrades.

Iberdrola has signed a $159 M (€150 M) loan agreement with the European Investment Bank (EIB) to build 400 MW of wind and PV solar projects in Italy.

The Asian Development Bank (ADB) has approved $189 M loan for construction of HV transmission infrastructure in Pakistan.

The African Development Bank has approved a $129 M loan for a hydroelectric power producer to modernise its production system.

Ukraine’s grid operator Ukrenegro has secured $314 M (€300 M) in loans from the European Bank for Reconstruction and Development (EBDR)

Rwanda, Kigali: The African Development Bank has approved two loans that will reinforce transmission and last mile connectivity in Rwanda.

Mozambique: The US Government has participated in the ground-breaking of the Central Termica de Temane (CTT) and Temane Transmission Project (TTP) in Mozambique.

Nigeria: Nigeria’s Federal Government has disclosed plans to secure a $200 M loan from the Japan International Cooperation Agency (JICA).

USA, Washington: The World Bank’s Board of Executive Directors has approved $195 M loan for Pakistan.

Asian Development Bank (ADB) approved a loan of $190 M to modernize and upgrade the power distribution system in Bengaluru city, Karnataka.

USA, Ohio, Powell: State officials recently approved a $1.5 M loan that will help the City of Powell pay for renovations to the Vining Substation.

The China-based Asian Infrastructure Investment Bank, has approved a loan of $120 M to upgrade and expand the power transmission system in Chattogram.

Eskom and Agence Française de Développement (AFD) have signed a loan agreement worth $102 million to help finance projects aimed at strengthening Eskom’s power transmission grid along the west coast of South Africa.

USA, Wisconsin: Dairyland Power Cooperative is one of the announced 82 electric projects in 31 states to receive a loan from the U.S. Department of Agriculture.

Egypt, Cairo: The government of Egypt has secured a loan from the Arab Fund for Economic and Social Development (AFESD) to part-finance the procurement of materials and associated services for several packages for the 650 MW Cairo West Supercritical Power Station.

South Africa: South African power utility, Eskom, has signed loan agreements with the African Development Bank (AfDB) for the sum of $1.34 billion towards the utility’s capital expenditure programme.

Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $165 million for the upgrade and expansion of power distribution system in Bangladesh.

Gambia: Gambia’s National Assembly has ratified the Multinational Loan Agreement between the Republic of the Gambia and the African Development Fund on The Gambia River Basin Development Organisation Energy Project, which includes construction of a hydro-electricity dam on the River Gambia and associated infrastructure for the evacuation of energy to four neighbouring countries.