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Energy Finance & Investment News in Asia

EDF Group acquires stake in Mohammed bin Rashid Al Maktoum Solar Park Phase III

EDF Group acquires stake in Mohammed bin Rashid Al Maktoum Solar Park Phase III

🕔Mar 24, 2017

EDF Group, via its subsidiary EDF Energies Nouvelles has joined the Masdar-led consortium developing the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

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Financial close for the USD 2.1 billion Oil Shale Power Project in Jordan

Financial close for the USD 2.1 billion Oil Shale Power Project in Jordan

🕔Mar 24, 2017

Attarat Power Company announced that it has reached financial close for the project to construct the first oil shale fired power station and open cast mine in Jordan.

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KOMIPO to develop north Sumatra hydro power project

KOMIPO to develop north Sumatra hydro power project

🕔Mar 23, 2017

Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.

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Renova to study feasibility of 560MW Yurihonjo Offshore Wind project

Renova to study feasibility of 560MW Yurihonjo Offshore Wind project

🕔Mar 17, 2017

Renova, a Japanese renewable energy developer, to carry out a feasibility study on a 560 MW nearshore wind farm off the city of Yurihonjo in Akita Prefecture in the northern Tohoku region of Japan.

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China Three Gorges reaches FC on 720 MW hydro project in Pakistan

China Three Gorges reaches FC on 720 MW hydro project in Pakistan

🕔Mar 17, 2017

Karot Power, which includes China Three Gorges-subsidiary Three Gorges South Asia Investment and Associated Technologies of Pakistan, has achieved financial close for the 720 MW Karot Hydroelectric project​.

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Power Finance provides loan for West Bengal`s first super critical project

Power Finance provides loan for West Bengal`s first super critical project

🕔Mar 10, 2017

State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.

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North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

🕔Mar 10, 2017

MIGA, a member of the World Bank Group, continued its commitment to Bangladesh's power sector by announcing a guarantee of US$69.5 million for Standard Chartered Bank (SCB) and Siemens Bank's loans to North-West Power Generation Company Limited (NWPGCL), a state-owned power generation utility.

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Saudi Arabia cancels tenders for two 50 MW plants in Al-Jouf and Rafha

Saudi Arabia cancels tenders for two 50 MW plants in Al-Jouf and Rafha

🕔Mar 10, 2017

Saudi Electricity Company (SEC) has canceled the tender process for two photovoltaic solar projects just prior to submission date.

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Canadian Solar Raises US$20 million from CPDFund

Canadian Solar Raises US$20 million from CPDFund

🕔Mar 10, 2017

Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.

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Gamesa to build 50-MW wind park in India

Gamesa to build 50-MW wind park in India

🕔Mar 9, 2017

India’s Infrastructure Leasing & Financial Services Limited (IL&FS) has announced it has contractect the Spanish company Gamesa to build a 50 MW wind farm in  in the state of Madhya Pradesh.

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Inox Group to sell 260 MW wind portfolio in India

Inox Group to sell 260 MW wind portfolio in India

🕔Mar 9, 2017

Renewable energy firm Inox Renewables Ltd has announced it has agreed to sell its operating wind power farms to wind power company Leap Green Energy Pvt, majority-owned by JPMorgan Chase & Co.

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Malaysia's TNB signs solar PPA deals for two projects

Malaysia's TNB signs solar PPA deals for two projects

🕔Mar 7, 2017

Tenaga Nasional Bhd (TNB), the only electric utility company in Malaysia, has announced it has signed two Power Purchase Agreements (PPAs) for two 50 MW solar projects.

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Everbright secures several greentech PPP projects

Everbright secures several greentech PPP projects

🕔Mar 7, 2017

China Everbright International Limited has announced that it has recently secured three greentech projects, including the Henan Sheqi Integrated Biomass and Waste-to-Energy Projects and the Jiangsu Lianshui Biomass Electricity and Heat Cogeneration Project, with a total investment of CNY857 million (US$124 million).

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Sri Lanka to tender 100 MW floating PV project

Sri Lanka to tender 100 MW floating PV project

🕔Mar 6, 2017

Sri Lanka’s government is to launch a tender process to develop a 100 MW floating solar power plant in the Maduru Oya reservoir.

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Financial closure for Turgusun hydropower plant

Financial closure for Turgusun hydropower plant

🕔Mar 3, 2017

A new hydro power plant with a capacity of 24.9 MW will be built on Turgusun river in the East Kazakhstan region and financial backing from the Development Bank of Kazakhstan will assist in the construction.

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ADB, Dynagreen, 10 Banks Partner to Boost Clean Waste-to-Energy PPP in China

ADB, Dynagreen, 10 Banks Partner to Boost Clean Waste-to-Energy PPP in China

🕔Mar 3, 2017

The Asian Development Bank (ADB) signed agreements with 10 commercial banks to support Dynagreen Environmental Protection Group (Dynagreen) in clean municipal waste-to-energy (WTE) projects with advanced technologies in small and medium-sized cities in the People’s Republic of China (PRC).

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Cambodia approves power and transmission projects

Cambodia approves power and transmission projects

🕔Mar 2, 2017

The Cabinet of Ministers of Cambodia has given green light to a power and a transmission project in a bid to address the increasing demand for electricity in the kingdom.

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India records lowest wind power tariffs

India records lowest wind power tariffs

🕔Mar 1, 2017

Record-low bids of INR3,460 (US$51.79) per MWh has been drawn in India’s first ever auction targeting 1 GW of wind power capacity.

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Dubai receives 12 bids for pumped-hydro storage consultant

Dubai receives 12 bids for pumped-hydro storage consultant

🕔Mar 1, 2017

Dubai Electricity and Water Authority (Dewa) call for bids for the provision of engineering consultancy services for a pumped-storage hydro project in Hatt and a total of 12 bids have been placed in response.

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Indian Cabinet approves US$854.4 million for a hydropower project to be set up in Nepal

Indian Cabinet approves US$854.4 million for a hydropower project to be set up in Nepal

🕔Feb 27, 2017

The Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister of India, Sh Narendra Modi has approved the investment proposal for 900 MW Arun –III Hydro Electric Project in Nepal.

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