ADB Boosting Renewable Energy in Sri Lanka with 100 MW Wind Park.

ADB Boosting Renewable Energy in Sri Lanka with 100 MW Wind Park.

MANILA, PHILIPPINES (24 October 2017) — The Asian Development Bank’s (ADB) Board of Directors has approved a loan of $200 million with sovereign guarantee for Ceylon Electricity Board to develop Sri Lanka’s first 100-megawatt wind park. “The new Wind Power Generation Project will not only provide access to a clean and reliable power supply in […]

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

If things go according to plan, construction of 216-megawatt Upper Trishuli-1 hydroelectric project will begin in October next year. Upper Trishuli-1 is a project being developed by Nepal Water and Energy Development Company (NWEDC), a joint venture between three Korean companies, the International Finance Corporation (IFC), the private sector lending arm of the World Bank […]

Arun III hydro project in Nepal moves a step ahead.

Arun III hydro project in Nepal moves a step ahead.

Construction of the much-awaited 900MW Arun III Hydropower Project has moved a step ahead, with the District Administration Office (DAO), Sankhuwasabha publishing a land seizure notice for acquiring private plots. The notice has come as relief for SJVN Arun III, the project’s developer, as land acquisition is one of the important preconditions for financial closure. […]

Works resumed at the Tanahun Hydropower in Nepal.

Works resumed at the Tanahun Hydropower in Nepal.

Work on the 140MW Tanahu Hydropower Project has gathered momentum after a dispute over the project’s consultant was resolved. “Construction of infrastructure, except for the main tunnel and power house, is moving ahead smoothly,” said Bidur Adhikari, site in-charge of the project. “It is necessary to develop storage-type projects to end load-shedding throughout the year.” […]

Nurek Hydropower Plant Rehabilitation Project discussed.

Nurek Hydropower Plant Rehabilitation Project discussed.

Issues related to financing the Nurek Hydropower Plant Rehabilitation Project were discussed here on May 18 at a meeting of Tajik Finance Minister Abdusalom Qurboniyon with a delegation of the World Bank, led by Ranjit Lamech, the Sector Manager for Energy in the Europe and Central Asia Region. Patricia Veevers-Carter, the World Bank Country Manager […]

ReNew Power turns to solar as sector grows.

ReNew Power turns to solar as sector grows.

After five years in the clean energy sector, India’s ReNew Power Ventures is now taking the government’s lead and turning its focus to solar power. Backed by Goldman Sachs, the company is hoping to double its business in the next year, boosted by growth in the highly competitive industry. Sumant Sinha, chairman and chief executive […]