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Hydropower News

IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

🕔Sep 25, 2018

A government minister of Nepal has stated that China Gezhouba Group Company (CGGC) will construct and finance a 1,200 MW hydroelectric power plant in the country. CGGC agreed to develop the US$2.5 billion Budhi Gandaki project last year, but the agreement was scrapped shortly after and the project re-assigned to state-owned Nepal Electricity Authority (NEA).

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IPPToday #281: EPM to sell US$1 billion assets to fund 2.4 GW hydropower project

IPPToday #281: EPM to sell US$1 billion assets to fund 2.4 GW hydropower project

🕔Sep 10, 2018

Empresas Publicas de Medellin E.S.P (EPM) has announced an asset divestment programme expected to raise between COP3.5 trillion and COP4 trillion (US$1.13 billion and US$1.29 billion) to fund the completion of the 2.4 GW Ituango hydropower project.

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IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

🕔Aug 16, 2018

SIMEC ZEN Energy, a subsidiary of British conglomerate GFG Alliance, has launched a US$1 billion investment plan to install 1 GW dispatchable renewable energy in South Australia.

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IPPToday #261: ADB and IFC to finance US$650 million hydropower project in Nepal

IPPToday #261: ADB and IFC to finance US$650 million hydropower project in Nepal

🕔Aug 7, 2018

The Asian Development Bank (ADB) has approved financing for the 216 MW Upper Trishuli 1 hydropower project in Nepal, which involves the development of a run of river hydroelectric power plant on the Upper Trishuli river, about 70km north of Kathmandu, for a total cost of US$650 million.

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IPPToday #252: EIB signs financing for 1 GW hydropower project in Portugal

IPPToday #252: EIB signs financing for 1 GW hydropower project in Portugal

🕔Jul 24, 2018

The Europe Investment Bank (EIB) has signed a EUR500 million (US$585.6 million) loan agreement, the first tranche of a total EUR650 million (US$761.3 million) funds approved, for a major hydropower project in Portugal being developed by Iberdola.

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Genex offered US$380 million government funding for Queensland renewable hub

Genex offered US$380 million government funding for Queensland renewable hub

🕔Jun 22, 2018

Genex Power Limited has announced it has received an indicative term sheet for a long-term concessional debt facility of up to AUD516 million (US$383.75 million) from the Northern Australia Infrastructure Facility (NAIF) Board for Stage 2 of the planned renewables complex in Kidston, northern Queensland.

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Climate Investor One fund achieves third close at US$535 million

Climate Investor One fund achieves third close at US$535 million

🕔Jun 21, 2018

Climate Fund Managers has announced the third close of Climate Investor One (CIO), one of the world’s largest renewable energy development and financing initiatives for developing country investments, at US$535 million.  The fund manager has raised an additional circa US$75 million since the second close.

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IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

🕔Jun 12, 2018

Australian utility Hydro Tasmania has announced that it has identified eight locations for up to fourteen pumped hydro storage projects in the island-state, located 240km south of the Australian mainland, separated by the Bass Strait. The so-called Battery of the Nation initiative considered around 2,000 sites to identify these fourteen potential projects, which altogether represent about 4,800 MW of pumped storage capacity.

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Innergex acquires 250 MW hydropower projects in Canada and Chile

Innergex acquires 250 MW hydropower projects in Canada and Chile

🕔May 21, 2018

Innergex Renewable Energy Inc. has announced that it has acquired Ledcor Power Group Ltd.’s 33.3% interest in Creek Power Inc., a company that indirectly owns the 7.5 MW Fitzsimmons Creek, 25.3 MW Boulder Creek and 81.4 MW Upper Lillooet River hydropower projects located in British Columbia, Canada, as well as a portfolio of prospective projects.

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Korea South East Power Company to build 200 MW hydropower project in Pakistan

Korea South East Power Company to build 200 MW hydropower project in Pakistan

🕔May 18, 2018

Korea South East Power Company (KOEN) has signed a Memorandum of Understanding (MoU) with the state government of Khyber Pakhtunkhwa, a province in the north-west of Pakistan, to develop a 197 MW hydropower project in the province.

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IPPToday #211: Indian state advances 5,100 MW hydropower projects

IPPToday #211: Indian state advances 5,100 MW hydropower projects

🕔May 15, 2018

The government of Himachal Pradesh, a state in the north of India, has approved amendments to its hydropower policy with the aim of reviving 737 stalled projects which have a cumulative capacity of 5,100 MW.

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IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

IPPToday #208: AES and Strabag agree new contract for US$3 billion hydropower project in Chile

🕔May 9, 2018

AES Gener has announced that it has completed a restructuring of the Alto Maipo hydropower project in Chile. The project involves the development of two run-of-the-river hydroelectric power plants on the upper Maipo River, approximately 50km south-east of Santiago: Las Lajas and Alfalfal II, which have generation capacities of 267 MW and 264 MW, respectively.

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KGAL achieves US$150 million second close of Enhanced Sustainable Power Fund 4

KGAL achieves US$150 million second close of Enhanced Sustainable Power Fund 4

🕔May 2, 2018

KGAL has announced the second closing of its Enhanced Sustainable Power Fund (ESPF) 4. Five European investors have committed EUR127 million (US$154.01 million) to the renewable energy fund, bringing the total equity raised to EUR382 million (US$463.24 million).

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IPPToday #197: MoU signed for US$17.8 billion hydropower project in Indonesia

IPPToday #197: MoU signed for US$17.8 billion hydropower project in Indonesia

🕔Apr 23, 2018

Power Construction Corporation of China (PowerChina) and PT Indonesia Kayan Hydropower Energy have signed a memorandum of understanding (MoU) to develop a hydropower project with a total investment of US$17.8 billion on the Kayan River in North Kalimantan, a province of Indonesia located on the island of Borneo.

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IPPToday #188: US$1 billion hydropower project in Laos reaches financial close

IPPToday #188: US$1 billion hydropower project in Laos reaches financial close

🕔Apr 9, 2018

The US$1 billion Nam Theun 1 hydroelectric power project has reached financial close. The project is being developed by Phonesack Group. Co. Ltd. and Electricity Generating Public Company Limited (EGCO) and involves the construction of a 670 MW hydroelectric plant on the Nam Kading River, about 33 km upstream from its confluence with the Mekong River in the Borikhamxai province of Laos.

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RFEOI issued for hydropower projects in Lebanon

RFEOI issued for hydropower projects in Lebanon

🕔Mar 19, 2018

The Ministry of Energy and Water of the Republic of Lebanon has issued a Request for Expressions of Interest to participate in proposal submissions to build and operate hydroelectric plants in the country.

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IFC and MIGA approve refinancing package for 250 MW hydropower project in Uganda

IFC and MIGA approve refinancing package for 250 MW hydropower project in Uganda

🕔Mar 12, 2018

The Board of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a refinancing package for the 250 MW Bujagali hydropower project, located on  the Victoria Nile in Uganda. One of the largest power-generation plants in Uganda, the project has been operational since 2012.

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RFP issued for 100 MW renewable projects in Portland

RFP issued for 100 MW renewable projects in Portland

🕔Mar 6, 2018

Portland General Electric Company has issued a draft Request for Proposals (RFP) seeking 100 MW of renewable power generating resources. PGE supplies electricity within 4,000 square mile service territory in north-west Oregon, USA.

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IPPToday #167: US$4.8 billion sale of Snowy Hydro stakes paves way for 2000 MW Snowy 2.0

IPPToday #167: US$4.8 billion sale of Snowy Hydro stakes paves way for 2000 MW Snowy 2.0

🕔Mar 5, 2018

The federal government of Australia has announced that it will acquire the stakes of the governments of New South Wales and Victoria in Snowy Hydro Limited, the owner and operator of more than 5500 MW of multi-fuel generation capacity across New South Wales, Victoria and South Australia, including the 4100 MW Snowy Mountains Scheme - a hydropower project that produces around 32% of all renewable energy available to the eastern mainland grid of Australia.

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Nepali Prime Minister announces intention to revive 1,200 MW hydro project

Nepali Prime Minister announces intention to revive 1,200 MW hydro project

🕔Mar 1, 2018

The Prime Minster of Nepal intends to restart a Chinese-led US$2.5 billion 1,200 MW Budhi Gandaki hydropower project which was previously cancelled and will also remove the currently listed developer, Nepal Electricity Authority.

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