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Energy Finance & Investment News in Asia

IPPToday #152: SECI launches tenders for over 4000 MW renewable projects

IPPToday #152: SECI launches tenders for over 4000 MW renewable projects

🕔Feb 9, 2018

The Solar Energy Corporation of India (SECI) has launched three separate tenders for renewable energy projects which altogether entail the development of 4070 MW. The authority is seeking developers for 2000 MW wind power projects and 2000 MW solar photovoltaic projects at locations proposed by bidders, plus a 70 MW solar PV park in the northern state of Assam.

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IPPToday #151: ACWA Power wins 300 MW solar project in Saudi Arabia

IPPToday #151: ACWA Power wins 300 MW solar project in Saudi Arabia

🕔Feb 8, 2018

The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has awarded the Sakaka IPP PV solar project, the first utility scale renewable energy project in the country, to ACWA Power.

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Sterlite Power buys out its transmission business

Sterlite Power buys out its transmission business

🕔Feb 8, 2018

Sterlite Power has acquired a 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity (SCPE) for INR10.1 billion (US$157 million). With this acquisition, Sterlite Power holds 100% stake in the business.

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Pacifico Energy raises more than US$140 million for its first solar fund

Pacifico Energy raises more than US$140 million for its first solar fund

🕔Feb 6, 2018

Pacifico Energy K.K. has successfully completed the launch of its first solar investment fund. The fund will be comprised of 5 Japanese solar power plants totaling over 100 MWdc.

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IPPToday #149: EBRD to finance 280 MW hydropower project in Georgia

IPPToday #149: EBRD to finance 280 MW hydropower project in Georgia

🕔Feb 6, 2018

The European Bank for Reconstruction and Development (EBRD) has approved financing for the Nenskra Hydropower Plant project. A senior secured loan of up to US$214 million will finance the development and construction of a 280 MW hydropower plant, the largest HPP constructed in the recent history of independent Georgia.

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ADB to finance waste-to-energy plants in Vietnam

ADB to finance waste-to-energy plants in Vietnam

🕔Feb 6, 2018

The Asian Development Bank (ADB) has signed a US$100 million loan facility agreement with China Everbright International Limited (CEIL) to fund the development of a series of municipal waste-to-energy (WTE) plants in the Mekong Delta, in south-west Vietnam.

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IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

🕔Feb 2, 2018

Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.

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IPPToday #145: GIP acquires Partners Group's stake in 610 MW of Japanese solar power assets

IPPToday #145: GIP acquires Partners Group's stake in 610 MW of Japanese solar power assets

🕔Jan 31, 2018

Partners Group has sold its stake in Japan Solar, a 610 MW platform of Japanese solar power assets. The stake was sold to a consortium led by Global Infrastructure Partners (GIP), generating a blended gross return of 3.2x on the original investment for Partners Group's programs.

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IPPToday #144: Contract for world's largest waste-to-energy plant awarded

IPPToday #144: Contract for world's largest waste-to-energy plant awarded

🕔Jan 30, 2018

The Municipality of Dubai has awarded the build, operate and transfer (BOT) contract for a waste-to-energy plant, set to be the largest in the world, to a consortium comprising BESIX, Belgium's largest construction company, and Hitachi Zosen Inova, an experienced waste-to-energy developer based in Switzerland.

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IPPToday #140: Five companies join consortium developing US$1.8 billion 480 MW solar project in Japan

IPPToday #140: Five companies join consortium developing US$1.8 billion 480 MW solar project in Japan

🕔Jan 24, 2018

SPCG Public Company Limited, Tokyo Century Corporation, Furukawa Electric Company Limited, Tsuboi Corporation and The Eighteenth Bank Limited have joined the Photovolt Development Partners (PVDP) consortium in its initiative to develop a 480 MW solar power project on the island of Ukujima (Sasebo City, Nagasaki Prefecture, Japan).

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Third phase of Dubai clean coal plant underway with consultancy tender

Third phase of Dubai clean coal plant underway with consultancy tender

🕔Jan 23, 2018

Dubai’s Electricity and Water Authority (DEWA) has announced plans for Phase III of the Hassyan clean coal power plant. The authority began tendering for advisers in late December, seeking advisory services for the development of the project, which is to be developed by an independent power producer.

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EBRD to finance 14 MW Zadarya solar project in Kazakhstan

EBRD to finance 14 MW Zadarya solar project in Kazakhstan

🕔Jan 23, 2018

The EBRD is supporting French company Urbasolar SAS in its plans to build a 14 MW solar power plant in Kazakhstan. The Zadarya solar park will be located in the South Kazakhstan region, near the city of Shymkent.

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IPPToday #138: Oman’s PDO launch tender for first renewable energy IPP

IPPToday #138: Oman’s PDO launch tender for first renewable energy IPP

🕔Jan 22, 2018

Petroleum Development Oman (PDO), the sole wholesale buyer of electricity and related water from licensed production facilities in Oman, has issued a Request for Expression for Interest for the Amin Solar PV IPP project. This is PDO's first renewable energy project being implemented as an independent power project (IPP) in the country.

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Jordan launches tender for 30 MWp of PV solar projects

Jordan launches tender for 30 MWp of PV solar projects

🕔Jan 19, 2018

The Water Authority of Jordan (WAJ) has issued invitations for prequalification for the construction and operation of 30 MWp of solar power capacity to be split across two locations in the country. The electricity generated by the solar plants will power water pumping stations.

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IPPToday #135: Largest solar PV project in Jordan to receive IFC financing

IPPToday #135: Largest solar PV project in Jordan to receive IFC financing

🕔Jan 17, 2018

The International Finance Corporation (IFC) has announced that it has arranged a financing package of up to US$188 million for the 200 MW Baynouna plant, the largest solar photovoltaic (PV) power plant in Jordan to date.

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IPPToday #134: EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time

IPPToday #134: EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time

🕔Jan 16, 2018

The European Bank of Reconstruction and Development (EBRD) has announced that it is to finance the modernisation and rehabilitation of the Enguri hydropower plant. With an installed capacity of 1320 MW, it supplies 40% of Georgia’s electricity.

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IPPToday #133: India surges forward with solar power development with 2225 MW tenders

IPPToday #133: India surges forward with solar power development with 2225 MW tenders

🕔Jan 15, 2018

In November 2017, solar tender and auction activity in India plummeted. In response, the Ministry of New and Renewable Energy set out plans to tender 3 GW of solar projects in January 2018. Despite the bold scale of the plans, the ministry seems to be keeping its word.  

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New gas-fired power plant in Myanmar begins supplying National Grid

New gas-fired power plant in Myanmar begins supplying National Grid

🕔Jan 11, 2018

It has been reported in local newspapers that the Myingyan combined-cycle gas turbine power plant has begun generating 143 MW feeding into Myanmar's National GridSembcorp Industries, through the Sembcorp Minygyan Power Company Limited, signed a 22-year build-operate-transfer (BOT) agreement for the project with the Ministry of Electricity and Energy of Myanmar in January 2017.

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Canadian Solar completes sale of 44.3 MWp solar plants to Shenzhen Energy

Canadian Solar completes sale of 44.3 MWp solar plants to Shenzhen Energy

🕔Jan 10, 2018

Canadian Solar has announced that its wholly-owned subsidiary, CSI New Energy Holding Co., Ltd. has completed the sale of three solar power plants in China to Shenzhen Energy Nanjing Holding Co., Ltd., a subsidiary of Shenzhen Energy Group Co., Ltd. The plants have a total capacity of 44.3 MWp.

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IPPToday #131: Two bids shortlisted in Saudi Arabia's first utility-scale solar tender

IPPToday #131: Two bids shortlisted in Saudi Arabia's first utility-scale solar tender

🕔Jan 9, 2018

The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has shortlisted two bids to develop a 300MW solar photovoltaic plant in Sakaka, Al Jouf. This is the first competitively tendered utility-scale solar project in the country.

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