27 Jun 2017

ADB partnering Cambodia utility for 100MW solar park programme

The Asian Development Bank (ADB) is collaborating with Cambodian state-run energy utility Electricite Du Cambodge (EDC) to set up a 100MW national solar park programme. The two parties signed a transaction advisory agreement yesterday, and Keo Rottanak, RGC Delegate in Charge of Managing EDC. Ryuichi Kaga, head of ADB’s Office

solar panel2 (ID 221883)
08 Jun 2017

IFC finances Mozambique’s first solar plant with $55 million

The 40 MW project, which is being developed by Norwegian developer Scatec along with investment fund KLP Norfund Investments, is the country’s first large-scale solar facility. The International Financial Corporation, a member of the World Bank, has agreed to provide financial support of $55 million for a 40 MW PV

31 May 2017

Energy Authority moves ahead with solar farm

A public-private partnership on a 40-acre solar farm in Telford could bring the Johnson City Energy Authority $42,000 per year and help stabilize local power bills, officials say. According to a project agreement struck Tuesday by the Authority’s board of directors, the utility will have financial rights to 10 percent

30 May 2017

Visakhapatnam railway station to get solar units soon through PPP

In an attempt to go green, the Waltair railway division is planning to set up roof-top solar plants at the city railway stations and other offices in public private partnership (PPP mode). One bidder from Renew Solar Power Private Limited, Gurgaon, has been finalised with which the Waltair railway division

30 May 2017

Tata Power Turns Around Solar Business to Become India’s Largest Integrated Solar Company

Tata Power Solar, India’s largest integrated solar company, today announced that the company has ramped up the scale of business substantially by focusing on building state of art technology, engineering and strengthening on customer & employee satisfaction. Tata Power Solar increased its revenue by more than two and a half

25 May 2017

Tamakoshi 3 plant to be built under Public Private Partnership model

Investment Board Nepal (IBN) has prepared a modality for the construction of the stalled Tamakoshi 3 Hydropower Project which has been in limbo since potential developer Statkraft of Norway pulled out in January 2016. IBN is planning to develop the hydropower project under the public private partnership (PPP) model with

24 May 2017

Stakeholders seek public-private partnership to develop solar energy

Some stakeholders in the agriculture and environment sectors have called for public-private partnerships in efforts to develop solar energy so as to reduce greenhouse gases emissions. They made the call in Abuja last week at the Dialogue Workshop on Low Carbon Growth for Nigeria– Policy Coherence in the interest of

18 May 2017

Saudi Arabia can balance its budget gradually, says IMF

Saudi Arabia could slow down its efforts to balance the budget, but still needs a substantial programme of tax increases and spending cuts in the long run, the International Monetary Fund has said. The oil-rich kingdom, once flush with cash, has seen its economy and public finances plummet because of

Transformer over orange sky
09 May 2017

TCN Gets $1.5 Billion to Finance Power Transmission Projects

The Transmission Company of Nigeria (TCN) has secured about $1.5 billion dollars from donor agencies to finance power transmission projects in Ogun State and other parts of the country. The Managing Director of the company, Mr. Usman Gur Mohammed, disclosed this during a courtesy visit to the state Governor, Senator

05 May 2017

Saudi Arabia avoids financial crisis, now prepares for the hard part

Saudi Arabia has dodged a financial crisis due to low oil prices by slashing state spending and borrowing tens of billions of dollars abroad, but now it faces a tougher challenge: getting the economy growing again. In a series of interviews with Reuters reporters last week, senior Saudi officials said