Alenka Enerji Uretim ve Yatirim has secured a $37m loan from the European Bank for Reconstruction and Development (EBRD) to support the $101 million expansion of the Kiyikoy wind farm in Turkey from 28MW to 100MW. The proceeds from the loan will be spent toward the development, construction, and operation of a 72MW extension to the […]
The European Bank for Reconstruction and Development (EBRD) is making an investment in Uzbek food retail chain Korzinka by acquiring a minority stake in its parent company Anglesey Food for $40 million. Anglesey Food is owned by Anglesey Investments, a Singapore-incorporated company. The Korzinka retail network comprising 50 ‘korzinka.uz’ and ‘korzinka.uz DISKONT’-branded stores in Uzbekistan. […]
Lekela Power, a Dutch renewable energy producer, has achieved financial close on the 250MW West Bakr Wind project, the company’s first wind project in Egypt, as per the latest Egyptian wind industry news. West Bakr Wind project location To be constructed 30km north-west of Ras Ghareb in the Gulf of Suez, the West Bakr Wind […]
The European Bank for Reconstruction and Development (EBRD) has announced an investment of €149 million ($166 million) in the power transmission system of Ukraine. The investment will support National Energy Company Ukrenergo in upgrading its key transmission infrastructure that is needed for the synchronization with the European electricity networks. It will also help the country […]
Tajikistan’s state-owned power utility Barki Tojik has secured a funding of $88 million from the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) for the rehabilitation of the Qairokkum hydropower plant (QHPP) in the Central Asian country. A full rehabilitation of the Qairokkum hydropower plant will support the country’s electric […]