Georgia HPP project of 13.7 MW to get EBRD funding
» Georgia HPP project of 13.7 MW to get EBRD…
The European Bank for Reconstruction and Development (EBRD) has approved lending USD 6.9 million (EUR 6.1m) for the construction of 13.7 MW of hydropower plants (HPPs) in Georgia.
In a press release on Friday, the EBRD said it will provide the financing as part of an up to USD-14-million long-term senior loan under the Risk Sharing Facility (RSF) with TBC Bank. The funds will be extended to special purpose vehicle Aquahydro Ltd, owned by Georgia-based Aqua Energy LLC.
The HPP project envisages the development and construction of three plants in Georgia’s Svaneti province, in the northwestern parts of the country. The facilities, named Nakra, Khelra and Ipari, will be built at a total cost of USD 19.6 million.
Construction Company Black Sea Group is expected to buy an up to 40% interest in the project, which is anticipated to save 13,000 tonnes of carbon dioxide (CO2) emission annually.
Source: Renewables Now
Iranian H1 hydropower output seen to be quadrupled
TEHRAN – The electricity output of Iran’s hydroelectric power plants is expected to reach 20,000 gigawatt hours (GWh) in the first half of the current Iranian calendar year (to end on September 22), four times more than the figure for last year’s same period, IRIB reported on Monday. According to the Head of Iran Water…
EU allocates funds for HPP construction in Tajikistan
By Abdul Kerimkhanov The European Union (EU) has awarded a 20 million euros grant to support the construction of the Sebzor hydropower plant (HPP) in Tajikistan. The seventh meeting of the Tajikistan-EU Cooperation Committee and the second meeting of the Cooperation Sub-Committee were held in Dushanbe on June 6, the Ministry of Economic Development and…
Renewable Energy Could Be The Next Big Thing For Azerbaijan
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…