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.
Energy Finance & Investment News in Asia
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.
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.
IPPToday #134: EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time
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.
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.
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 Grid. Sembcorp 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.
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.
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.
Indonesian state-owned utility company PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower project. Kreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.
Orange Renewable, a unit of AT Capital Group, is in talks to sell part of its portfolio to Hero Future Energies.
Oman Power and Water Procurement Company (OPWP), a member of Nama Group, has released a Request For Qualifications for a 500 MW solar photovoltaic (PV) plant. This is the first large utility scale solar photovoltaic independent power project to be developed in Oman.
GNPower Dinginin Ltd. Company (GNPD) has reached financial closing for the second generator of the $1.7-billion supercritical coal-fired power plant in Bataan, in the Central Luzon region of the Philippines. GNDP is owned by the Ayala group subsidiary AC Energy Holdings Inc. (50%) and Therma Power Inc., a unit of Aboitiz Power Corp. (50%).
Karnataka Renewable Energy Development Ltd (KREDL) is inviting Requests for Proposals for 860 MW of solar projects, to be allocated across 43 selected taluks, regional subdivisions of Indian states.
Constant Energy consortium has won a solar PV power plant in Malaysia Government tender with grid parity bid. The project consist of constructing and operating a large-scale solar photovoltaic power project in the Sabah region of Malaysia with a total generation capacity of approximately 7.5 MW under a 21-year PPA. The award was made under the second round of the Malaysian Government Large Scale Solar PV program.
Solar Energy Corporation of India Ltd (SECI), an entity of the Indian government, has released the request for selection (RfS) document for the construction of 2 GW of wind projects to be connected to the country's inter-state transmission system (ISTS).
The European Bank for Reconstruction and Development (EBRD) has announced a US$22 million loan for the construction and operation of a 50 MW photovoltaic (PV) plant in the Risha region of Jordan, 300 km north-east of the capital, Amman
The Asian Development Bank’s (ADB) Board of Directors has approved debt financing and partial risk guarantees totaling US$583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and Power Project.
The Vietnam Ministry of Industry and Trade (MOIT) has signed a contract with Marubeni Corporation and Korea Electric Power Company to develop the 1200MW Nghi Son 2 coal-fired power project in Thanh Hoa Province, in the north of Vietnam.
The European Bank for Reconstruction and Development (EBRD) is providing a US$52 million loan for the construction and operation of a 45 MW wind farm in the Shobak region of Jordan, 160km south of the capital, Amman.
Wind Energy Holding (WEH) announced that they have successfully closed financing for five of the company’s onshore wind farms, which altogether have a total capacity of 450 MW.