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Energy groups warn Air-e liquidation could strain Colombia's power market
Colombia's main energy industry associations warned that a proposed liquidation of power distributor Air-e could threaten electricity and natural gas supply stability, arguing that the company plays a critical role in the national energy system
Colombia's oil-patch road blockades cost Ecopetrol 1mn barrels as labour dispute drags on
Road blockades that have paralysed operations at three of Ecopetrol’s key oilfields in Colombia’s Meta department for 50 days have prevented the production of about 1mn barrels of crude and placed 7,280 jobs at risk
Zambia's Lunzua acquires 27% stake in 180MW Ngonye Falls hydropower project
Lunzua Power Company has agreed to acquire a 27% stake in Western Power Company to help complete the 180MW Ngonye Falls Hydroelectric Power Project in Zambia.
Anzana agrees indicative terms with CPEF for proposed $20mn investment supporting African hydropower, electricity distribution platform
The proposed facility is intended to finance near-term mergers and acquisitions and project development, with capital focused on operating and brownfield assets in Anzana’s core markets, including the Lobito Corridor.
Fitch affirms Argentina's Pluspetrol at 'BB', cites Vaca Muerta growth plan
Fitch Ratings affirmed Pluspetrol S.A.'s (PPSA) Long-Term Foreign and Local Currency Issuer Default Ratings at 'BB' with a stable outlook on June 19, citing the Argentine oil and gas producer's growing scale in the Vaca Muerta shale formation.
India's Adani enters Argentina with $70mn investment in LNG shipping project
Indian billionaire Gautam Adani has entered Argentina's maritime sector through the acquisition of a majority stake in a local company contracted to provide services for the Southern Energy liquefied natural gas (LNG) export project.
US eases some Venezuela sanctions, extends Citgo shield
The United States has eased parts of its sanctions regime on Venezuela through three new licenses covering telecommunications, civil aviation and PDVSA bond-related instruments, the Venezuelan government confirmed on June 18.
Iran's Gulf waterway body sets terms for Strait of Hormuz passage
Iran's Persian Gulf waterway management body has set out terms for vessels seeking to pass through the Strait of Hormuz, following the signing of the Islamabad memorandum.
Scatec starts construction of €96mn solar plant in Tunisia’s Sidi Bouzid
Norway's renewable energy firm Scatec (OSE:SCATC) announced the start of construction on the 120MW Sidi Bouzid 2 solar plant, after reaching financial close on the project, which carries investments of approximately €96mn.
Iran's SCO power grid plan wins backing at Bishkek energy meeting
Iran's proposal to interconnect the power grids of Shanghai Cooperation Organisation member states has been welcomed at the bloc's energy ministers' meeting in Bishkek, an Iranian renewable energy official has said.
Suspected pipeline vandals remove more than 3km of petroleum products pipeline in Nigeria
Suspected pipeline vandals excavated and removed more than 3km of a key petroleum products pipeline linking Port Harcourt and Kaduna after allegedly operating from a makeshift camp in remote forests between Enugu and Ebonyi states for several months.
World Bank backs Eastern Africa power grid integration with $1.6bn programme
The World Bank Group has approved a $1.6bn financing package for the RETRADE-EA, a 10-year initiative aimed at expanding cross-border electricity trade in east Africa and strengthening regional grid integration.
West Africa's BIDC secures $100mn AfDB backing for clean energy expansion
The African Development Bank Group (AfDB) has approved a $100mn financing package for the ECOWAS Bank for Investment and Development (BIDC), marking the first time a multilateral DFI has taken an equity stake in the West African lender.
Mission 300 investment platform Zafiri launches with $176m to support African distributed renewables firms
Zafiri, a new blended-finance vehicle launched under the Mission 300 initiative, has secured $176mn in initial commitments to support distributed renewable energy companies across sub-Saharan Africa.
Moldova to instruct Moldovagaz to build up gas reserves for Transnistrian region
Moldova plans to require the entity responsible for supplying natural gas to the Transnistrian region, currently Moldovagaz (controlled by Gazprom), to gradually build and maintain strategic gas reserves.
Azerbaijan's wind power output surges in January-May, oil production and BTC volumes decline
Malaysia locks in long-term Russian oil, gas guarantees
Malaysian Prime Minister Datuk Seri Anwar Ibrahim has finalised an energy-security agreement with Russia during the two-day working visit to the Russia-ASEAN Summit in Kazan, Turkmenistan
Malaysian infrastructure company secures $83.7mn Islamic financing to part-finance solar plant
Malaysia-based infrastructure group Aizo Group Berhad (KL:AIZO) has secured a capital injection and submitted a regulatory filing to Bursa Malaysia on June 19
Indonesian president approves ex-vice president’s $3.7bn private energy venture
Injecting a wave of private capital into the state's industrial transformation grid, Indonesian president Prabowo Subianto has greenlit an infrastructure proposal spearheaded by one of the country's most prominent elder statesmen
Taiwan, Baseload Power sign geothermal development pact
Baseload Power Taiwan and state-owned energy company CPC Corporation, Taiwan signed a memorandum of understanding to accelerate geothermal energy development across the island, the companies announced on June 17.
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