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Energy Finance & Investment News in Asia

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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45 MW Kumbih 3 hydro project achieves financial close

45 MW Kumbih 3 hydro project achieves financial close

🕔Jan 8, 2018

Indonesian state-owned utility company​ PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower projectKreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.

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Hero Future front-runner to acquire Orange Renewable

Hero Future front-runner to acquire Orange Renewable

🕔Jan 8, 2018

Orange Renewable, a unit of AT Capital Group, is in talks to sell part of its portfolio to Hero Future Energies.

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IPPToday #127: RFQ for first solar PV project in Oman

IPPToday #127: RFQ for first solar PV project in Oman

🕔Jan 3, 2018

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.

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IPPToday #120: Ayala and Aboitiz raise financing for US$1.7 billion Bataan power plant

IPPToday #120: Ayala and Aboitiz raise financing for US$1.7 billion Bataan power plant

🕔Dec 20, 2017

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%).

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IPPToday #118: 860 MW of solar projects to be tendered in Karnataka, India

IPPToday #118: 860 MW of solar projects to be tendered in Karnataka, India

🕔Dec 18, 2017

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.

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Constant Energy wins Sabah PV solar project

Constant Energy wins Sabah PV solar project

🕔Dec 15, 2017

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.

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IPPToday #116: Solar Energy Corporation of India requests bids for 2 GW wind projects

IPPToday #116: Solar Energy Corporation of India requests bids for 2 GW wind projects

🕔Dec 14, 2017

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).

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EBRD provides US$22 million for solar project in Jordan

EBRD provides US$22 million for solar project in Jordan

🕔Dec 14, 2017

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

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ADB underwrites Bangladesh power station for $583 million

ADB underwrites Bangladesh power station for $583 million

🕔Dec 13, 2017

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.

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IPPToday #113: Commercial close reached for US$2.3bn coal-fired power project in Vietnam

IPPToday #113: Commercial close reached for US$2.3bn coal-fired power project in Vietnam

🕔Dec 11, 2017

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.

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EBRD provides debt financing for 45 MW wind project in Jordan

EBRD provides debt financing for 45 MW wind project in Jordan

🕔Dec 8, 2017

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.

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IPPToday #112: WEH closes US$1.1bn financing on five Thai wind farms

IPPToday #112: WEH closes US$1.1bn financing on five Thai wind farms

🕔Dec 7, 2017

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.

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