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3 Apr 2022 DAKAR, Senegal

Lessons In Financing City Wide Inclusive Sanitation

In order to leave no-one behind, sanitation solutions need to offer a range of different technologies as well as different business models: including sewered and unsewered and centralised or decentralised services.

11 Apr 2018 CAIRO

Islamic Development Bank To Invest $3 Billion USD in Egypt During 2018-2020

The Islamic Development Bank is set to pump $3bn in the period between 2018 and 2020 to support a number of developmental projects in Egypt, Minister of Investment and International Cooperation Sahar Nasr revealed. Nasr has agreed with the bank on a new strategic partnership, which will include establishing a new regional office in Egypt...

10 Nov 2016 KABALA

New Supply for Rural Communities

With support from the Government, African Development Bank and the Islamic Development Bank, the Sierra Leone Water Company (SALWACO) continues to surge forward with providing pipe borne water to rural communities, and this time 70,000 Kabala residents are the beneficiaries.

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15 Aug 2016 MUZAFFARABAD, Pakistan

Pakistan’s Prime Minister Presses for Completion of Neelum-Jhelum, Other Hydropower Projects

Pakistani Prime Minister Nawaz Sharif has directed authorities to ensure timely completion of the $4 billion USD, 969-megawatt Neelum-Jhelum Hydropower Project in the Pakistan-administered portion of Kashmir.During a visit to the project site last week, Sharif said he was committed to keeping the promises he had made to end load-shedding in the country before the end of his term in 2018...

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24 Jun 2016 ISLAMABAD, Pakistan

Financial Closure Reached for $953 Million Sukuk for Pakistan’s Neelum-Jhelum Hydropower Project

A consortium of 16 banks, led by the National Bank of Pakistan (NBP), has arranged a $953.3 million USD sukuk (Islamic bond) for the Neelum-Jhelum Hydropower Project, currently being built in the Kashmir region.A signing ceremony for the financing agreement took place this week, attended by NBP President and CEO Syed Iqbal Ashraf, Water and Power Development Authority (WAPDA) Chairman Zafar Mahmood and Neelum-Jhelum Hydropower Company (NJHPC) CEO Muhammad Zubair, among others...

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29 Apr 2016 ASTANA

Kazakhstan Secures $300 Million in IDB Financing for Drinking Water, Irrigation Systems

Kazakhstan has attracted more than $300 million from the Islamic Development Bank (IDB) to implement projects to provide drinking water supply to rural areas and restore irrigation systems, the official website of the Prime Minister of Kazakhstan reported.

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14 Apr 2016 ISLAMABAD, Pakistan

Pakistan Guarantees $955 Million in Islamic Bonds to Finance Neelum-Jhelum Project

The Pakistani government has guaranteed $955 million USD worth of "sukuk" (Islamic bonds) to finance the 969-megawatt Neelum-Jhelum hydropower project in the Kashmir region.The guarantee comes after some of the project’s initial investors, including the Islamic Development Bank (IDB) and the Saudi Fund for Development (SFD), interrupted the provision of some $100 million USD in funds due to “their additional requirements/conditions,” according to a Water and Power Development Authority (WAPDA) document obtained by the Pakistan Observer newspaper...

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29 Mar 2016 BEIRUT

Lebanon Signs $372 Million in New Agreements With IDB

Lebanon signed five new financing agreements with the Islamic Development Bank (IDB) on Thursday worth over USD 372 million. The agreements include drinking water projects in Beirut and Jabal Amel in southern Lebanon.

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8 Mar 2016 BAMAKO

Mali, IDB Sign $44 Million Agreement for Phase II of Kabala Water Project

The Islamic Development Bank (IDB) and the Republic of Mali have signed a $44 million agreement for Phase II of the Kabala Water Project. The project is expected to provide drinking water and improve living conditions for 8.5 million people in and around Bamako.

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18 Jan 2016 BEIRUT

IDB to Lend Lebanon $128 Million for Hydropower Plants

The Council of Ministers approved yesterday a $128 million loan agreement with the Islamic Development Bank (IDB) to fund the remaining part of the Water Supply Augmentation Project. The funds will be used for the construction of two hydropower plants generating over 12 megawatts, a wastewater treatment plant, and a secondary water treatment plant.

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11 Jan 2016 TEHRAN

IDB to Provide $95 Million for Iran's Sarney Dam Project

Islamic Development Bank (IDB) will provide €87 million finance for the project of building Sarney dam near the city of Minab in Iran’s southern province of Hormozgan, according to Mohammad Honarbakhsh, the director of project.

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24 Jul 2015 KARACHI, Pakistan

Pakistan’s Two Largest Banks to Invest $800 Million in Neelum-Jhehlum Hydropower Project

Pakistan’s two largest commercial banks, the National Bank of Pakistan (NBP) and Habib Bank Limited (HBL), are buying $800 million USD worth of Sukuk bonds (Sharia-compliant bonds) for the 969-megawatt Neelum-Jhelum Hydropower Project, a bank official told OOSKAnews this week.“The National Bank of Pakistan would purchase $400 million USD Sukuk in the Neelum-Jhelum Hydropower Project, and Habib Bank Limited would also buy $400 million USD in bonds for the mega hydro project,” said Syed Ibne Hasan, chief corporate communications officer at NBP...

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