Rehabilitation and Repair

AVZ Minerals Limited announces its 100%-owned subsidiary AVZ Power SAU has signed a memorandum of understanding (MOU) with the Democratic Republic of the Congo’s Ministry of Hydraulic Resources and Energy to investigate refurbishment of the Mpiana-Mwanga hydroelectric power station and associated power grids in the Manono Territory. The Mpiana-Mwanga station is located on the Luvua...
Finance

By Pamela Largue The Board of Directors of the African Development Bank Group has approved an €8 million (US$8.9 million) grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the 287-MW Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic...
Finance

The Board of Directors of the African Development Bank (AfDB) has approved a partial risk guarantee (PRG) of $100 million to support the 205-MW Sahofika hydropower project in Madagascar. The bank’s support will include risk mitigation to the project developers and the debt providers by supporting the payment obligations of JIRAMA, the state-owned off-taker. The...
Finance

By Elizabeth Ingram The end of the year is the perfect opportunity to look back, to reflect on what has passed, before the new year when we naturally focus on the future. As I reflect on the news and issues we’ve covered on Hydro Review over the past year, I can identify five big trends...
Finance

The European Investment Bank (EIB) has approved €8.1 billion (US$9 billion) in financing for climate action, sustainable development, health and education investment across Europe and around the world. This includes support for renewable energy projects, the development of electric vehicles, and improving the energy efficiency of homes. EIB financing will also help to build water...