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Pakistan Plans First Green Bond to Fund Hydropower Projects

  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. ...

IRENA partners with IHA to advance hydropower development

  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...

Preparations for construction of 2400MW Batoka Gorge Hydropower Plant move a gear up

                                                        The Environmental and Social Impact Assessment (ESIA) disclosure process for the 4.5 billion U.S.   dollars Batoka Gorge Hydro-Electric Scheme (BGHES) has been completed, paving the way for the  implementation of the project, an official said Thursday. Chairperson of the Zambezi River Authority Council of Ministers, Zhemu Soda, who is also Zimbabwean Minister of Energy and Power Development, made the disclosure during the 38th Council of Ministers virtual meeting held Thursday. "It is encouraging to learn that most of the preparatory works for the implementation of the scheme have been completed. This includes the updating of the 1993 engineering feasibility studies and the undertaking of the environmental and social impact assessment (ESIA) studies which have culminated in the p...

Three Gorges Hydropower Station hits world record of electricity generation

  The Philippines’ Department of Energy (DOE) announced a tender for five geothermal projects and 17 hydropower projects which will be awarded in April. The DOE's plans include five geothermal projects and 17 hydropower projects with a total potential generation capacity of 150 MW. The five geothermal projects cover areas Daklan, Itogon, Putting Lupa, Maricaban island and Mt.Labo with totally 87 MW potential capacity, according to a DOE statement. All the 22 projects will be offered to qualified renewable energy developers deemed eligible based on the criteria set by the DOE. The PPA has enough technical information for preliminary reference by those interested in acquiring renewable energy development rights. The deadline to submit bid documents will be 15 February. The DOE plans to decide which projects are to be awarded contracts 14 April. pinsentmasons

Three Gorges Hydropower Station hits world record of electricity generation

                                                   https://www.boland-hydroturbine.com/ The Three Gorges Hydroelectric Power Station on China's Yangtze River has generated 111.8 billion kWh in 2020, a new world record. It beat the previous world record for hydropower generation of 103.098 billion kWh set by Brazil's Itaipu hydroelectric plant in 2016. The clean energy produced by the Three Gorges Hydroelectric Power Station in 2020 is estimated to be equivalent to saving about 34.39 million tonnes of standard coal and preventing the emissions of carbon dioxide by 94.02 million tonnes. Chen Hui, head of the Three Gorges hydroelectric plant, said the new world record is of great significance considering the COVID-19 epidemic and floods in the Yangtze River basin in 2020. At the beginning of 2020, the hydropower station continued to increase its output and the c...

Tenders invited for Ruzizi III hydropower project

                                                    https://www.boland-hydroturbine.com/ Ruzizi III Energy Limited, developer of the Ruzizi III Regional hydropower project on the boundary of Rwanda and DRC, is inviting contractors to submit expressions of interest for an Engineer-Procure-Construct (EPC) tender. Ruzizi III hydropower plant project highlights the importance of ensuring reliable and affordable electric power supply to achieve sustainable economic transformation. The project which is shared by Rwanda, Burundi, and the Democratic Republic of Congo (DRC) is anticipated to generate more than 147MW of electricity, the electricity will hence be shared equally amongst the three participating countries with Rwanda getting at least 50MW of electricity The power plant is being developed a public-private partnership. The private sector project sponsor...

Phou Ngoy hydropower plant to be developed in Laos.

  Korea Western Power along with Doosan Heavy Industries & Construction have signed a memorandum of understanding for a partnership in the development of the 728MW Phou Ngoy hydropower plant on the Mekong River in Laos. Charoen Energy and Water Asia were also involved in the earlier agreement with the Lao People’s Democratic Republic to develop Phou Ngoy and brought in Korea Western Power as a partner. Korea Western Power is a subsidiary of Korea Electric Power. Under the Memorandum of Understanding signed on November 30, Korea Western Power and Doosan Heavy will jointly develop the Phou Ngoy hydropower plant, as well as cooperate in the local manufacturing of key equipment for hydropower plants and the development of sales routes for exporting the products. Phou Ngoy hydropower plant will be built in Pakse, in the Southern Laos province of Champasak. The project has been estimated to cost US$2.4 billion. It is going to be constructed under a build-operate-t...