#loan

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.

The Asian Development Bank (ADB) has granted $1 billion in financing to India’s national transmission company Power Grid Corporation of India (Powergrid) to fund renewable energy transmission and grid expansion projects.

Indonesia, Sumatra: The Asian Development Bank (ADB) has agreed to provide $600 million loan to Indonesia’s state electricity corporation, Perusahaan Listrik Negara (PLN), to upgrade transmission and distribution system in Sumatra.

Nordic Investment Bank (NIB) has signed a €29 million ($31 million) loan agreement with Finnish energy company Pohjois-Karjalan Sähkö Oy to upgrade one of the largest distribution networks in Finland and improve the security of supply to the company’s customers.

Luxembourg: The European Investment Bank (EIB) has signed a financing agreement worth $72 million to fund the development of energy projects in Jordan.

USA, North Dakota: Minot-based Central Power Electric Cooperative has been awarded a $46 million loan from the U.S. Department of Agriculture Rural Development that will help finance the improvement of the energy infrastructure in North Dakota.

Sri Lanka, Colombo: The Government of Japan will grant Sri Lanka a $200 million loan for the implementation of National Transmission and Distribution Network Development and Efficiency Improvement Project.

The European Investment Bank (EIB) is to shortly grant a loan worth €85 million to fund a project of building an interconnection between Guinea and Senegal.