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The World Bank Group (WBG)’s Multilateral Investment Guarantee Agency (Miga) has issued guarantees worth €164.5m to two investors in the 420MW Nachtigal hydropower project, where Miga sister institution the International Finance Corporation was lead arranger as well as an investor. Miga is providing breach of contract cover for up to 15 years to France’s EDF and Stoa Infra & Energie Ltd.