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Hydropower News

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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South Australia awards over US$6 million grants to hydropower projects

South Australia awards over US$6 million grants to hydropower projects

🕔Feb 21, 2018

The Government of South Australia has awarded AUD8.7 million (US$6.87 million) in grants to four companies planning to develop pumped storage hydro projects in the state, through its Renewable Technology Fund.

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KfW IPEX-Bank to finance 2.4 GW hydroelectric project in Colombia

KfW IPEX-Bank to finance 2.4 GW hydroelectric project in Colombia

🕔Feb 19, 2018

KfW IPEX-Bank has announced that it is participating in financing the 2.4 GW Ituango hydropower plant in the department of Antioquia in Colombia. KfW IPEX-Bank is loaning the project owner Empresas Públicas de Medellin E.S.P US$100 million, structured as a project-related corporate loan.

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IPPToday #149: EBRD to finance 280 MW hydropower project in Georgia

IPPToday #149: EBRD to finance 280 MW hydropower project in Georgia

🕔Feb 6, 2018

The European Bank for Reconstruction and Development (EBRD) has approved financing for the Nenskra Hydropower Plant project. A senior secured loan of up to US$214 million will finance the development and construction of a 280 MW hydropower plant, the largest HPP constructed in the recent history of independent Georgia.

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IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

🕔Jan 29, 2018

The President of Brazil, Michel Terner, has advanced the privatisation of state-owned power company Centrais Elétricas Brasileiras SA, commonly known as Eletrobras, by submitting a bill defining the terms of the sale to Congress. The bill states that the company will be privatised through a capital increase, with an option for a secondary offering of government shares (currently 52%).

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Building Energy enters in Latin America with first investment in Chile

Building Energy enters in Latin America with first investment in Chile

🕔Jan 18, 2018

Building Energy SpA, multinational company operating as a global integrated IPP in the renewable energy industry, has announced the constitution of Building Energy Andes SpA, a joint venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile.

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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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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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IPPToday #130: IADB to loan US$1 billion to largest hydropower project in Colombia

IPPToday #130: IADB to loan US$1 billion to largest hydropower project in Colombia

🕔Jan 8, 2018

IDB Invest, the private investment arm of the Inter-American Development Bank, has signed a US$1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to fund the construction of the 2.4 GW Ituango hydroelectric plant, to be the largest hydropower project in Colombia.

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EBRD to provide US$100 million for privatisation of Turkish hydropower plants

EBRD to provide US$100 million for privatisation of Turkish hydropower plants

🕔Jan 3, 2018

The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a senior loan of up to US$100 million to a special purpose vehicle, fully owned by Entek Elektrik Uretimi A.S., for the acquisition of the operating rights for two hydropower plants: Menzelet (124 MW capacity) and  Kılavuzlu (54 MW). The rights will be acquired from the Privatization Administration of Turkey.

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Snowy 2.0 feasibility study approved

Snowy 2.0 feasibility study approved

🕔Dec 28, 2017

Snowy Hydro’s independent Board of Directors has approved the Snowy 2.0 feasibility study, and for further work to be undertaken for the project to progress to a final investment decision in 2018.

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IPPToday #114: AfDB announces over US$300 million for renewables in Morocco and Côte d’Ivoire

IPPToday #114: AfDB announces over US$300 million for renewables in Morocco and Côte d’Ivoire

🕔Dec 12, 2017

The African Development Bank (AfDB) has announced that it has approved a loan of US$265 million to support 800 MW of solar projects in Morocco, and will also lend approximately $US59 million to the 44 MW Singrobo-Ahouaty hydropower project in Côte d’Ivoire.

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Four Italian hydro plants sold to Alps Energy RE Fund

Four Italian hydro plants sold to Alps Energy RE Fund

🕔Dec 11, 2017

Alps Energy RE Fund, which is managed by Serenissima SGR, has acquired Idroemilia Srl, owner of four hydropower assets in Italy with a total capacity of around 7.5 MW.

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Brazil sets bidding caps for Dec 18 tender

Brazil sets bidding caps for Dec 18 tender

🕔Nov 20, 2017

The National Electric Energy Regulator (Aneel) has been authorized by The Brazilian Ministry of Mines and Energy (MME) to hold two auctions for new power generation projects to be held on December 18, 2017.

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IPPToday #99: MIGA mulls 420 MW hydro project in Cameroon

IPPToday #99: MIGA mulls 420 MW hydro project in Cameroon

🕔Nov 15, 2017

Multilateral Investment Guarantee Agency (MIGA) is mulling providing a guarantee for EDF International’s 420 MW Nachtigal hydro project in Cameroon.

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