Ivoire Hydro Energy (IHE) has received Euro 25 million from the Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF). The money will be used to build the Singrobo hydropower dam in Southern Ivory Coast. Then loan was issued with a 25-year repayment option. IHE, the project developer, will receive the funds and the loan is in addition to other sources of funding that have previously been secured.
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Nepal has signed a $1.3 billion agreement with India’s hydropower company Satluj Jal Vidyut Nigam (SJVN) to build a 679 MW hydropower project in eastern Nepal.
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The last unit of GE Renewable Energy’s Wudongde (WDD) hydropower plant has been successfully linked to the grid for electricity generation and has completed 72 hours of trial operation. The company was responsible for the design, engineering, manufacture, installation monitoring, and commissioning of the six 850 MW Francis turbine generating sets and accompanying equipment for the hydropower project under a contract signed in 2015.
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Hydropower could play a transformative role in supporting growth in green hydrogen, providing at least 1,000 TWh (13%) of the required additional demand for emission-free electricity, when considering its share in IRENA’s 2050 scenario for decarbonised electricity. As understanding of the potential for hydrogen increases, new analysis projects even higher levels of hydrogen electrolysis. This in turn suggests hydropower’s contribution could be much greater as part of a much higher demand for low carbon electricity.
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National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE), have invited expressions of interest from qualified technical advisers to provide transaction advisory services for concession of a 700 MW hydropower project. The bid submission deadline is March 31, 2021.
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Plug Power Inc., a turnkey hydrogen solutions provider is growing its green hydrogen footprint in New York with construction of a new green hydrogen production facility and electric substation in the New York Science, Technology and Advanced Manufacturing Park (STAMP). As North America’s largest green hydrogen production facility, the plant will produce 45 metric tons of green liquid hydrogen daily servicing the Northeast region. The plant will use 120 MW of Plug’s PEM electrolyzers to make the hydrogen using clean hydropower.
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Hydropower in the United States is used extensively for power system flexibility and resilience. In many parts of the country, hydropower provides more frequency regulation and reserves than its share of installed capacity. In nearly every balancing area assessed, hydropower was more extensively utilized for hourly ramping flexibility than any other resource.
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Vietnam backed by the Asian Development Bank has proposed launching tenders for 400 MW of floating solar projects in the country. Renewable energy developers will be able to bid for 50-100 MW under the first batch and 300 MW in the second batch. The ADB is looking for six consultants with environmental, social, and financial expertise to support the auction.
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Canada has offered a temporary waiver on debt payment of about $644 million for developing Newfoundland and Labrador’s Muskrat Falls hydroelectric power plant. The waiver is expected to provide some relief to a province which is already in debt.
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The world has about 160 GW of pumped storage installed capacity at the moment – storing at least 9,000 GWh of electricity. Indeed over 94 per cent of the world’s entire energy storage is pumped hydro. We need to double this capacity: that’s another 160 GW. But if the market structures are ill defined, investors won’t fund these projects.
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The Lao People’s Democratic Republic is taking steps to harness its hydropower potential in a bid to become the “Battery of Southeast Asia”. The country has a hydropower potential of about 26 GW, of which one-third has been utilised so far. Several projects are under planning/construction which would mainly be used to export power to countries of Thailand, Vietnam, Cambodia and China.
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ANDRITZ has received a contract from Greenko, one of the largest independent power producers in India, for the supply of electro-mechanical equipment for the 1,200 MW Pinnapuram pumped storage plant located in Andhra Pradesh, India. The contract includes design, manufacture, supply, transportation, erection, testing, and commissioning of four 240 MW units, two 120 MW reversible pump units, main inlet valves and associated auxiliaries.
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The World Bank has approved an additional grant financing of USD 50 million from the International...
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Statkraft has started commercial operations of its Moglice hydropower plant located on the Devoll...
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Polaris Infrastructure, a Toronto-based company engaged in the operation, acquisition and...
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Sub-Saharan Africa is an emerging market that is fast moving towards solar and wind power generation with the potential for battery backup systems. Although in its early stages at present, solar energy is gaining traction on the back of falling costs and greater availability, and is expected to become a major source of additional energy generation in Sub-Saharan Africa.
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