IFC

Sustainability: World Bank Pledges $200 Billion Climate Action Investment

Posted on by Mozambique Resources Post
Sustainability: World Bank Pledges $200 Billion Climate Action Investment

The World Bank Group said on Monday that it would double its current five-year investments to US$200 billion in the period 2012 through 2025 to support countries in their climate action plans.

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Africa Renewables: Africa more interested in IFC’s solar procurement solution

Posted on by Mozambique Resources Post

The International Finance Corporation (IFC) reports that its programme to support African governments and utilities in procuring solar photovoltaic (PV) capacity from independent power producers (IPPs) has made significant headway in four countries, with construction of the first project under way in Zambia.

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Mozambique Renewable Energy: Major solar power ahead by next year

Posted on by Mozambique Resources Post

The company Scatec Solar and the Norwegian Development Fund (Norfund) signed yesterday, November 31, in Maputo a contract guaranteeing the sale of solar power to the state-held Electricidade de Moçambique (EdM) for a 25-year period, the company announced in a statement.

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Mozambique Coal Logistics: IFC close to US$2.7 bln debt refinancing for Nacala Corridor

Posted on by Mozambique Resources Post

The International Finance Corporation, part of the World Bank, expects to close a $2.7 billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday.

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