EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]

EIB earmarks US$4 million for rehabilitation at hydropower plants in Georgia.

EIB earmarks US$4 million for rehabilitation at hydropower plants in Georgia.

As part of a US$285 million loan package to Georgia, the European Investment Bank (EIB) earmarked $4 million of the funds for application to rehabilitation at two hydropower projects in the former Soviet state, according to an EIB press release today. Engurhesi Ltd. (Engurhesi) is the state-owned company responsible for operating the facilities; the 1,250-MW […]

Construction of Shuakhevi Hydro Power plant completed.

Construction of Shuakhevi Hydro Power plant completed.

One of the largest Hydro Power Plants (HPP) in Georgia, the Shuakhevi HPP, has reached completion. It is expected to produce 450 gigawatt (GW) hours of power annually and reduce greenhouse gas emissions by more than 200,000 tons per year. Located in Georgia’s western Adjara region, Shuakhevi HPP is the first hydropower project in Georgia […]

EBRD to allocate $180 M for reconstruction of hydro-melioration systems in three regions of Kazakhstan.

EBRD to allocate $180 M for reconstruction of hydro-melioration systems in three regions of Kazakhstan.

A guaranty agreement has been signed between the Ministry of Finance of Kazakhstan and the European Bank of Reconstruction and Development (project “Reconstruction of the water and hydro-melioration systems in Aktobe, Zhambyl and South Kazakhstan regions”), reports the Ministry of Finance. “Within the frameworks of the annual session of EBRD management in Cyprus on May […]

Austrian firm gives boost to Ukraine’s hydropower.

Austrian firm gives boost to Ukraine’s hydropower.

Austria became a big investor in Ukraine’s energy sector last month when Andritz Hydro, a subsidiary of Austrian technology group Andritz, announced a major hydroelectric power station modernization program on the Dnipro River. The 60-million euro project concerns the Dnipro 1 hydroelectric plant in the city of Zaporizhzhya — some 520 kilometers southeast of the […]

Georgia welcomes largest hydro-electric power plant in decades.

Georgia welcomes largest hydro-electric power plant in decades.

Dariali Hydro-electric Power Plant (HPP) – the largest HPP in the history of independent Georgia – has officially opened in Dariali valley in the north-east of the country today. The new plant will significantly reduce carbon-based power generation and cut Georgia’s dependence on imported fuels in the winter months. Dariali HPP was opened by Prime […]

Andritz Hydro to modernize Dnipro 1 hydropower station in Ukraine.

Andritz Hydro to modernize Dnipro 1 hydropower station in Ukraine.

Andritz Hydro, part of international technology Group Andritz, was awarded a contract by state-owned utility Ukrhydroenergo for modernization of the Dnipro 1 hydropower station on the Dnieper River, Ukraine. The project is part of a rehabilitation program financed by the European Bank of Reconstruction and Development (EBRD). The contract value for Andritz Hydro amounts to […]

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