Page 14 - AsiaElec Week 28 2021

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POWER WELCOME to NewsBase’s Power Roundup and charities for its flagship blended finance
Global (NRG Power), in which the reader is fund, which aims to help emerging market
invited to join our team of international editors, economies reduce carbon emissions.
who provide a snapshot of some of the key issues The Climate Finance Partnership (CFP) is
affecting their regional beats. We hope you will like focused on investing in climate infrastructure
NRG Power’s new concise format, but by clicking across emerging market countries in Asia, Latin
on the headline link for each section the full text America and Africa, French development fund
will be available. AFD said in a statement.

AFRELEC: AfDB Approves $83.6mn Grant ENERGO: UAE’s Masdar To Build Two
For Ethiopia-Djibouti Power Link 220-MW Solar Plants In Uzbekistan
The African Development Bank (AfDB) has Uzbekistan’s Energy Ministry has announced
approved two grants worth $83.6mn to boost the signing of project agreements with Abu
cross-border trade in electricity between Ethio- Dhabi Future Energy Co. (Masdar) for two
pia and Djibouti and to deepen integration in the 220-MW photovoltaic (PV) solar plants in the
Horn of Africa sub-region. Jizzakh and Samarkand regions.
The funds comprise a $69.65mn grant to In May, Masdar was awarded the two
Ethiopia and a second grant of $13.93mn to Dji- $300mn projects after an open tender overseen
bouti, both sourced from the African Develop- by the International Finance Corporation (IFC).
ment Fund, the AfDB’s concessional financing
window.
See the archive and sign up to receive NRG Editor’s
REM: BlackRock Raises $250mn To Fund Picks for free by email each week here. ™
Climate Transition In Emerging Markets
BlackRock has raised $250mn from a consorti-
um of ten institutional investors, governments

P14 www. NEWSBASE .com Week 28 14•July•2021