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For this syndicated deal, FMO granted a EUR40 million loan and catalyzed funds from Proparco, the private sector financing arm of France's Agence Francaise de Developpement (AFD) group which contributed with a similar amount to the project.
To quote Jean-Benoit du Chalard, Proparco's Regional Director for East Africa: 'This project is the largest private investment ever made in Kenya and Proparco is very proud of participating in the financing of this flagship project alongside a consortium of international donors.'
Chief executive Mahmud Janmohamed told the Business Daily that the company received the waivers during and after the close of the financial year ended December when the breach of the debt terms occurred.The long-term loans taken by TPS are Sh2 billion from Proparco, a total of Sh550 million from Barclays Tanzania and Sh970,000 from Barclays Kenya.
Proparco's announcement said the deal was inked in Singapore on June 7 and AFD hoped it would help in the drive for renewable energy while decreasing Golden Rice's carbon footprint.
LAHORE -- Proparco, subsidiary of Agence Francaise de Developpement (AFD), here Wednesday signed a US$ 5 million loan to Kashf Foundation (KF) microfinance institution.
The concession is being financed by a consortium of five international development banks: the International Finance Corporation of the World Bank Group, the French development agency Proparco, the Development Bank of Southern Africa, the Emerging Africa Infrastructure Fund and the OPEC Fund for International Development.
The plants are project financed by the European Bank for Reconstruction and Development (EBRD) and Proparco, the private sector financing arm of the French Development Agency (Agence FranAaAaAeAoaise de DAaAaAeA@veloppeme EBRD and Proparco have together provided $111.6 million.
The plants are project financed through non-recourse debt provided by the European Bank for Reconstruction and Development (EBRD) and Proparco, the private sector financing arm of the French Development Agency (Agence FranAaAaAeAoaise de DAaAaAeA@veloppement).
EBRD and Proparco have together provided $111.6m (EGP1.98bn) of senior debt for the photovoltaic (PV) power plants, which are located in the Aswan province's Benban complex.
6.A joint declaration to fund the French development institution PROPARCO to establish two solar power plants in Aswan, with a capacity of 50 MW per each, through the French company EREN in cooperation with the Egyptian government.
FMO, the Development Bank of the Netherlands, along with DEG, the Development Bank of Germany, and Proparco, the Development Bank of France, have now partnered with Yes Bank to help expand their green portfolios in India.
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- PROP REG
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- propanoic acid
- propanoic acid
- propanoic acid, 2-methyl-
- Propanoic anhydride
- propanol, 2-
- propanone, 2-
- Propantheline bromide
- proparacaine hydrochloride
- proparathyroid hormone
- Propargyl alcohol
- propargyl bromide
- Propargyl chloride
- Proparty Mensheviks
- Propedeutisch Chemisch Practicum