Victoria has approved the production licence for GB Energy’s Golden Beach natural gas project, valued at A$1 billion, about 700 million dollars, Bloomberg reported. The project is scheduled to begin production in 2028 with a storage facility due a year later that would lift the state’s gas storage capacity by about 70 percent, against forecasts of an east coast supply shortfall by the end of the decade. The approval is a separate decision from APA Group’s Bulloo pipeline investment, covered in full in today’s edition.
IIFL Capital Asset Management has held the first close of its late stage private equity fund at 500 crore rupees, about 52.7 million dollars, AltAssets reported. The close is a first tranche toward a larger final target that the report did not state in the summary available to this edition.
VECKTA has raised 11 million dollars to expand its onsite solar and storage platform, Mercom Capital reported. The round funds the marketplace and deployment platform’s growth in commercial onsite generation, a segment growing as corporate buyers seek power behind the meter.
Zambia and Japan have signed a 6.3 million dollar grant agreement for railway maintenance, the Lusaka Times reported. The grant is small in value but directed at the maintenance backlog of a rail network that carries the Copperbelt’s export volumes.
The Zambia Development Agency has signed a 122 million dollar investment promotion and protection agreement with Rongxing Investment, the Lusaka Times reported. The agreement adds a Chinese backed power and investment commitment to Zambia’s project pipeline; project level detail was limited in the report read.
Indonesia is eyeing a 1.5 billion dollar panda bond, an offshore renminbi issue, as it confronts index related market risk, Bloomberg reported. A debut style panda issue of that size would diversify Jakarta’s funding away from dollar markets at a moment of scrutiny over its index standing.
The Bureau of Land Management’s geothermal lease sale in Nevada netted nearly 4.83 million dollars for 60 parcels covering 186,641 acres, Utility Dive reported. Ormat Technologies was the biggest bidder, spending about 2.3 million dollars on eight parcels covering about 20,263 acres. Receipts were below the 2025 Nevada sale’s roughly 9.4 million dollars, and two parcels overlapping NextEra Energy’s proposed 1 gigawatt Sawtooth solar project site were sold to another bidder despite NextEra’s request to defer them, a land use conflict the BLM said NextEra must now accommodate.
The European Commission announced an additional 22.5 million euros to reinforce humanitarian assistance in Yemen on October 23, per its press release. The item is politics leaning and is carried here at headline level only; it involves no capital allocation or ownership change.