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EIB to Support Bulgaria’s Transition from Coal to Clean Energy at Maritsa East Complex
The European Investment Bank (EIB) has signed an agreement with the Bulgarian government to provide advisory support for the decarbonisation of the Maritsa East Complex, one of the largest coal-fired power generation sites in Europe and a provider of up to 35% of Bulgaria’s electricity. Under the new partnership, EIB...
NLC India Limited Wins Strategic Mineral Blocks in Chhattisgarh
NLC India Limited, which is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, Government of India, reached a milestone when they emerged as the bidders for the mineral blocks named Raipura and Semhardih. They won the tender in the Tranche V auction conducted recently by the...
IFC and Grupo Equatorial Form Strategic Alliance to Upgrade Brazil's Power Grid
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a significant strategic alliance with Brazil's Grupo Equatorial to enhance Brazil's power distribution system, increase system reliability, and finance the country's green transition as the country witnesses increasing energy demand. Under the deal, IFC will offer...
European Investment Bank and AllianzGI Expand Climate Financing with €450 Million Fund
The EIB and Allianz Global Investors (AllianzGI) have closed the Emerging Markets Climate Action Fund recently with a total size of €450 million; with €20 million in a contribution by the German government. The instrument has since transformed to be one of the biggest blended finance equity funds in
