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...
Business

Nexif Energy has acquired 94% of the equity of the Song Giang Hydropower JSC, a company that owns two cascading run-of-river hydropower projects with a total capacity of 49 MW in the Khanh Hoa province of Vietnam. The two projects are 37-MW Song Giang 2, which has been operating since December 2014, and the 12-MW...
New Development

Mexican state power company Comision Federal de Electricidad (CFE) will construct 32 projects as part of a national plan to recover and increase hydroelectric generation capacity. According to BNamericas, the plan includes 18 projects for restoring capacity at operating plants, with an investment of MXN10.4 billion (US$540 million) and 14 hydro generation projects for an...
Environmental

The World Bank board of executive directors have considered a Management Report and approved a Management Action Plan that respond to an independent Inspection Panel investigation of the Energy for Rural Transformation III and Water Management and Development Projects in Uganda. The Inspection Panel’s investigation was in response to a request filed alleging harm caused by construction of the reservoir impounded...
Job Transitions

International Energy Agency says that improving gender diversity in the energy sector is an important measure of success. IEA recently hosted a high-level event focused on how to advance gender diversity in the energy sector to support future workforce needs. The event was chaired by Christyne Tremblay, Canada’s Deputy Minister of Natural Resources, and Megan...
Finance

The Nordic Investment Bank (NIB) and Norwegian utility company Sogn og Fjordane Energi AS have signed a 15-year loan agreement of €30 million (US$33.3 million) to finance the construction of a new 47-MW hydropower plant in Østerbø, as well as a 20-km regional power line. The Østerbø plant, located on the Sognefjord in the municipality...
New Development

The Electricity Regulatory Authority (ERA) in Uganda has lifted its objections to a South African firm conducting a study for a 360-MW hydropower plant at Murchison Falls. According to the tourism ministry, Uganda will approve the feasibility study into building a hydro powerhouse near the awe-inspiring Murchison Falls. This decision comes three months after vowing...
New Development

With climate change causing widespread retreat of glaciers, a unique opportunity may arise for future hydropower development, according to the authors of an article recently published by Nature. The authors, with ETH Zurich and the Swiss Federal Institute for Forest, Snow and Landscape Research WSL, explore the water storage and hydropower potential of areas that...