India’s State Government of Madhya Pradesh signed project agreements with solar power companies making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022.
Energy Finance & Investment News in Asia
Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.
The Pakistan Water and Power Development Authority (WAPDA) awarded the contract of consultancy services worth PKR868 million (US$8.23 million) through an international competitive bidding for 2nd Rehabilitation of Warsak Hydroelectric Power Station to a Joint Venture comprising four firms led by Dolsar from Turkey.
Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) announced its successful expansion into Indonesia by awarding the natural gas-fired combined-cycle Riau power plant with 275-MW capacity.
The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has shortlisted qualified companies for round one of the National Renewable Energy Program (NREP).
A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in Indonesia.
Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 MW in capacity.
AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, and its Indonesian joint venture partners have completed the acquisition of Chevron Corp.’s geothermal assets and operations in Indonesia
The World Bank Board has approved US$100 million to help India increase its power generation capacity through cleaner, renewable energy sources.
ENGIE Group has signed three partnership agreements in Jakarta to develop, co-finance, build, operate and maintain microgrid and other renewable energy projects in various parts of Indonesia, for a total value of US$1.25 billion over the next five years.
Canadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd.
Dubai Electricity and Water Authority has issued a Request for Proposal to all qualified bidders for a 200 MW Concentrated Solar Power Power Plant, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, and is accepting submissions by May.
Pakistan Water and Power Development Authority secured PKR144 billion (US$1.36 billion) for Dasu Hydropower Project by signing an agreement of local debt financing with a consortium of major local banks led by Habib Bank Limited.
The European Bank for Reconstruction and Development (EBRD) is considering providing a senior loan of up to US$30 million for the construction of the 55 MW Sainshand wind park in Mongolia’s Gobi desert.
FRV has announced the financial close of two of the four projects awarded in the second round of Jordan’s solar independent power producer (IPP) tender.
Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$36 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a member of Sumitomo Mitsui Financial Group.
A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India to supply a high-voltage direct current (HVDC) transmission system.
Edra Power Holdings Sdn Bhd, a leading clean energy group in Southeast Asia focusing on gas power generation, is to build a large-scale solar photovoltaic plant in Malaysia, with a generating capacity of 50 MW.
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.
Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.