Pakistan: PC allocates Rs104.78m for Neelum-Jhelum project’s audit.

Pakistan: PC allocates Rs104.78m for Neelum-Jhelum project’s audit.

Former Planning Commission Director Arshad H Abbasi offers audit free of cost The Central Development Working Party (CDWP) is set to meet on Thursday with the hiring of consultancy services for the third-party validation (TPV) of the Neelum-Jhelum Hydropower Project as top agenda of the meeting. According to the official documents available with Pakistan Today, a […]

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

Piramal Finance Ltd (PFL), a part of the Ajay Piramal-controlled Piramal Enterprises, has sanctioned Rs 700 crore to ACME Solar Holdings, Delhi-based Independent Power Producer, with a portfolio of over 1.8 GW of solar power across 14 states. The company’s current operational capacity is over 1 GW and is expected to reach 1.4 GW by […]

China to supply equipment for Iran Sardasht Hydropower Dam.

China to supply equipment for Iran Sardasht Hydropower Dam.

Chinese contractors have won a tender to supply part of the power generating equipment for Sardasht Hydroelectric Dam in West Azarbaijan Province, an official in charge of developing the dam’s electrical infrastructure said. “Part of the equipment for electricity production at the Sardasht dam will be financed and provided by (unnamed) Chinese contractors,” Saeed Poshtan […]

India’s hydropower projects with 13,363 MW capacity register cost overruns.

India’s hydropower projects with 13,363 MW capacity register cost overruns.

Several hydropower projects with a cumulative capacity of about 13,363 megawatt (MW) are stranded at various stages of project development, resulting in significant time and cost overruns worth Rs 52,697 crore as of December 2016; noted a just-concluded ASSOCHAM-PwC study. “Despite significant hydro-power potential, till now, only 30 per cent of India’s total economically feasible hydro-power potential […]

Green Energy Concern to invest AMD 2.28 billion in construction of small hydro power cascade.

Green Energy Concern to invest AMD 2.28 billion in construction of small hydro power cascade.

Green Energy Concern CJSC will invest AMD 2.28 billion in construction of a small hydro power cascade, Suren Karayan, Armenian economic development and investments minister, said at a Cabinet meeting. At the session, the Armenian government has granted the company a three-year VAT payment adjournment for imported equipment. “The company is planning to build a […]

BNDES signs US$300 million contract to develop hydropower and other renewables.

BNDES signs US$300 million contract to develop hydropower and other renewables.

The Brazilian Development Bank (BNDES) announced it has signed a US$300 million contract with the New Development Bank (NDB) to add about 600 MW to Brazil’s generation capacity from hydropower and other renewable energy sources. NDB is a financial institution that opened its current headquarters in Shanghi, China, in February 2016. NDB owners include: The […]

IDA announces financing for rehab of Tajikistan’s 3,000-MW Nurek hydropower plant.

IDA announces financing for rehab of Tajikistan’s 3,000-MW Nurek hydropower plant.

The International Development Association has approved US$225.7 million in financing to help Tajikistan rehabilitate its 3,000-MW Nurek hydroelectric plant. IDA — a World Bank member — said the funding package is comprised of 25% grants and 75% in credits, and will cover about a third of the rehab project’s first phase. “A reliable energy supply […]

Senvion completes successful refinancing and extension of its debt facilities.

Senvion completes successful refinancing and extension of its debt facilities.

Annualized interest cost savings of more than €14 million, representing a reduction of 35% Extension of maturity of Senior Secured Notes to 2022 from 2020 Amendment and extension of Revolving Credit and L/G Facilities Senvion, a limited liability company incorporated under the laws of the Federal Republic of Germany, announced today that it has priced […]

Germany provides additional 2.4 million euros for rehabilitation of AKSU-1 HPP in Murgab.

Germany provides additional 2.4 million euros for rehabilitation of AKSU-1 HPP in Murgab.

The Government of Germany provides additional 2.4 million euros to Pamir Energy Company for rehabilitation of a small hydroelectric power plant (HPP) on the Aksu River in the Gorno Badakhshan Autonomous Region (GBAO)’s Murgab district. According to the German Embassy in Dushanbe, an agreement on this subject was signed in Dushanbe on March 4. The […]

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