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.
Energy Finance & Investment News in Asia
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.
Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.
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.
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.
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.
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.
Saudi Electricity Company (SEC) has canceled the tender process for two photovoltaic solar projects just prior to submission date.
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.
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.
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.
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.
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).
Sri Lanka’s government is to launch a tender process to develop a 100 MW floating solar power plant in the Maduru Oya reservoir.
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.
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).
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.
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.
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.
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.