Renewable Energy Could Be The Next Big Thing For Azerbaijan
15.04.2019
Despite ranking in the top 20 among nations with crude oil proved reserves and the top 25 when it comes to natural gas, Azerbaijan is moving ahead with developing renewable sources of energy. On Monday, the German-Azerbaijani Chamber of Commerce based in Baku released its 2019 market analysis, which describes ways the South Caucasus’ largest…
China to provide Uzbekistan with $ 25 million loan for HPPs construction
10.04.2019
Uzbekistan plans to build two new small HPPs on the Dargom Canal in the Samarkand region at the expense of China’s soft loans, Trend reports with reference to a government decree on April 8. The aim of the project is to consistently increase the use of renewable energy sources, increase the balance of energy resources…
Georgia Capital on track to launch second phase of Mestiachala hydro power plant
Georgia Capital said its renewable energy business had commissioned the first phase of Mestiachala hydro power plant, while also remaining on track to launch the second phase in June this year. The 50MW cascade of Mestiachala plant, located in Svaneti region, commenced in May 2017. The actual cost per megawatt amounts to $1.2m, with approximately…
ADB Supports Modernization of Uch-Kurgan Hydropower Plant
31.03.2019
The Asian Development Bank (ADB) has approved a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant (HPP), the oldest of the six HPPs installed along the Naryn River cascade in the Kyrgyz Republic. ADB’s assistance, comprised of a $60 million loan and a $40 million…
GE Renewable Energy partners with Tajikistan to make hydropower plants climate resilient
25.03.2019
GE Renewable Energy announced the booking of a hydropower contract with Barki Tojik to refurbish six Kaplan units at the state-owned Qairokkum hydropower station in Tajikistan. This 60-year old plant located on the river Syr Darya, is the only power plant located in the northwestern province of Sughd and the sole source of electricity for…
Armenian government designates areas for banning construction of hydropower plants
22.03.2019
The Armenian government has approved today a list of areas where construction and operation of small hydropower plants will be prohibited. While presenting a set of amendments to the Water Code, Minister of Nature Protection Erik Grigoryan said they designate the zones which will be prohibited for the construction and operation of small hydropower plants…
Nurek Hydro Power Plant Will be Rehabilitated by World Banks Support
The first phase of the Nurek Rehabilitation Project, co-financed by the World Bank, was officially launched today by the President of the Republic of Tajikistan, Emomali Rahmon, and the World Bank’s Director of Strategy and Operations for Europe and Central Asia, Mariam Sherman. Key representatives from the Government of Tajikistan, the World Bank, the Asian…
Uzbekistan Parliament Approves New Nuclear Energy Law
18.03.2019
Former Soviet Union country, Uzbekistan is turning to nuclear energy to power its economy as the landlocked country has an abundance of uranium and big economic ambitions. As the energy demand and population of the country continue to rise, a nuclear energy law has been approved recently by the members of the Lower House of…
Tajikistan: Blackouts return as Roghun sputters
The last two weeks in Tajikistan have brought reports of power blackouts in the regions, indicating that the recent commissioning of a generating unit at a huge hydropower project is not yet yielding dividends. As Asia-Plus newspaper reported on March 14, the majority of regions in Tajikistan have seen rationing of electricity between midnight and…
Ameriabank assists in commissioning of hydropower and solar plants in Armenia
13.03.2019
Ameriabank said today it has assisted in the construction of a hydropower plant and a solar power plant in Armenia. The hydropower plant, called Tigran Mets, was commissioned in 2015 by Rus & Har LLC. “The construction of the hydropower plant was launched in 2012, and completed in May 2015. The electricity generated by the…
