Finance

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, the International Energy Agency (IEA) said in a report. According to World Energy Investment 2020, at the start of 2020, global energy investment was on track for growth of...
Government and Policy News

The National Hydropower Association (NHA) in the U.S. has urged Congress to consider infrastructure and tax measures that invest in power generation infrastructure to help support a strong economic recovery and a clean energy future. Infrastructure improvements NHA says the federal hydropower fleet is sitting on a backlog of operation and maintenance needs – from...
Finance

Italian group Enel’s business units in Peru have released their first quarter results, which reveal how COVID-19 measures have impacted the local companies’ financial and operational metrics. Peru’s President Martín Vizcarra declared a state of emergency and mandatory quarantine on March 16. According to BNamericas, Enel Distribución reported a 2% year-on-year dip in operating income...
Dams and Civil Structures

In Uganda, Lake Victoria’s water levels have surged to their highest level in more than half a century posing a threat to the country’s hydropower plants. The east African country relies almost entirely on four hydroelectric power dams on the River Nile, which is fed by Lake Victoria. Lake Victoria is a massive trans-boundary body of water...
Finance

The Tennessee Valley Authority is partnering with local power companies by providing $2 million in matching funds to support local initiatives that address hardships created by the COVID-19 pandemic. This funding is part of a comprehensive portfolio of assistance programs TVA is providing to support communities and customers across the Tennessee Valley. The COVID-19 Community...
Finance

The Emerging Africa Infrastructure Fund (EAIF) and Finnfund have been confirmed as senior debt lenders to conduct due diligence for the 15-MW Kaptis run-of-river hydropower project in Western Kenya. Ninety One SA (Pty), formerly Investec Asset Management, a duly authorized agent for the Private Infrastructure Development Group’s (PIDG) EAIF, will act as Mandated Lead Arranger...
Finance

The deadline for the Hydropower Sustainability ESG Assessment Fund, which the International Hydropower Association announced in February, has been extended to June 1, 2020, due to “the general disruption caused by the coronavirus pandemic.” The fund was launched to aid hydropower project developers and operators in Africa, Asia, Europe and the Americas to benchmark and...