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.
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.
IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress
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%).
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.
IPPToday #134: EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time
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.
Indonesian state-owned utility company PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower project. Kreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.
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.
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.
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.
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.
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.
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.
Multilateral Investment Guarantee Agency (MIGA) is mulling providing a guarantee for EDF International’s 420 MW Nachtigal hydro project in Cameroon.
Ayen Enerji & Fusha, a Turkish-Albanian consortium, has won a contract for construction and operation of a 120 MW hydro power plant in Albania, with a 35-year concession period.
Dubai Electricity and Water Authority (DEWA) has launched a request for expression of interest (RFEOI) to develop the 250 MW Hatta hydroelectric project in Dubai.
Nord-Tronderlag Elektrisitetsverk Holding (NTE) has obtained a 15-year NOK 340 million (US$42.6 million) loan from the Nordic Investment Bank (NIB) to co-finance three hydropower projects in Norway.
The Ministry of Energy and Mining has opened the tender for Round 2 of the RenovAr Program in order to promote fulfillment of the targets imposed to achieve 8% participation of renewable energy sources in the electricity grid for December 2017, and 20% for 2025.
Mega First has entered into binding agreement with several financial institutions for a total of US$150-million financing for the the 260 MW Don Sahong hydropower project in Laos.
Fortum is in advanced discussions with E.ON concerning E.ON's 46.65% stake in the Germany-based international energy company Uniper. In relation to these advanced discussions, certain questions are currently being clarified with the authorities by E.ON.
The Brazilian government has sold operating licenses for four hydroelectric dams with a total value of nearly US$4 billion.