Boland Hydropower

  Pakistan’s government is planning to issue a $500 million green bond in the next few months to help boost its development of hydroelectric power. The bond, denominated in euros, will be the government’s first to fund environmental goals, Malik Amin Aslam, an adviser to Prime Minister Imran Khan on climate change, said in an interview. It is set to be issued through the country’s state-owned Water & Power Development Authority, with JPMorgan Chase & Co. advising, he said. “We’ve got a lot of hydro potential in Pakistan,” he said on Thursday. “The bonds are there to accelerate this.” Khan’s government is investing in renewable energy to ramp up its economic stimulus in the wake of the pandemic. It’s also promised to ban new coal power plants and is looking to plant 10 billion trees. The nation’s cities rank among the worst globally for air pollution, according to  IQ Air. The South Asian nation has a fragile economy that goes through regular boom and bust cycles. ...

  The International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) have collaborated to advance sustainable hydropower development across the world. Under the terms of the partnership, the two organisations will work together to accelerate the financing, development, and deployment of sustainable hydropower. IHA CEO Eddie Rich said: “While hydropower will continue to play an essential role in global electricity, hydropower’s flexibility and storage capabilities are also important to complement variable renewables such as wind and solar. Hydropower acts as an enabler of higher shares of variable renewable energy in future energy systems.” An IRENA spokesperson said that the partnership will involve future policy and market initiatives which aim to benefit hydropower projects. The agency will also enable public-private dialogue, strengthen international cooperation and promote sustainable hydropower through knowledge development. Recently, IRENA pu...