Tags: Hydro

Fortum and Uniper reaching first milestones in strategic “One Team” cooperation

Fortum and Uniper have jointly finalised the first planning phase in the three strategic cooperation areas of Nordic hydro and physical trading optimisation, wind and solar development, and hydrogen. Under the proposed plans, Fortum would lead the operations of both companies’ Nordic hydro assets in the future. Uniper, meanwhile, would take the lead in the […]

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PFC, REC signs MoU with KHEL for 600 MW Hydro Electric Project in Bhutan

Power Finance Corporation Ltd. (PFC) along with REC Ltd. signed a Memorandum of Understanding (MoU) with Kholongchhu Hydro Energy Ltd (KHEL) for extending a Term Loan of Rs.4058 Crore for 600 MW Hydro Electric Project at Trashi Yangtse, Bhutan. The project is proposed to be funded in a debt-equity ratio of 70:30 and the Term […]

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SJVN enters into MoU with IREDA for green energy projects

Satluj Jal Vidyut Nigam (SJVN) has signed a Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency Ltd (IREDA) for green energy project. Under the MoU, IREDA will provide its services to the SJVN for green energy projects and will also assist in developing an action plan to create and acquire Renewable Energy […]

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Energy Transition in Heating and Cooling needs Urgent Action: Study

A new study by leading energy organisations  says that the transition to cleaner, more sustainable heating and cooling solutions can attract investment, create millions of new jobs and help to drive a durable economic recovery in the wake of the global COVID-19 crisis.  The joint report by the International Renewable Energy Agency (IRENA), the International […]

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Panasonic, Equinor and Hydro signs MoU to establish European battery business

Panasonic, Equinor and Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business. The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business […]

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COVID 19 Effect: Power generation from renewables remain unaffected while thermal suffered says Ind-Ra

COVID-19 led lockdown the all-India energy demand in March this year decreased 8.9% yoy to 98.8 billion units (BU) while energy supply decreased 9.2% yoy, resulting in the energy deficit remaining at 0.4% (March 2019: 0.4%), noted India Ratings and Research in its new report. Despite a reduction in power demand in March 2020, the […]

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Covid-19 pandemic the biggest shock to global energy system in seven decades: IEA

The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. A new report released today by the International […]

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Tata Power starts commercial operations of 178 MW hydro power project in Georgia

Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (HPP) located in southwest Georgia. Further, AGL will be soon commissioning  the 9 MW Skhalta Hydro Power project which is also a […]

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Four policies including renewables, hydropower approved to boost industrial growth in J&K

The Jammu and Kashmir Administrative Council, headed by Lt Governor G C Murmu recently approved four policies for tourism, captive power, hydro power and renewable energy, and AYUSH care. The Administrative Council’s decision comes in the backdrop of Global Investors Summit scheduled to be held later in the year to attract investments in the union […]

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Financial closure of 900 MW Arun-III hydro power project in Nepal achieved

The financial closure of the 900 MW Arun-III hydro power project in Nepal was achieved on Thursday, the executing company said here. The total debt tied up with banks is Rs 6,333.48 crore that includes Rs 1420.86 crore stand-by line of credit, if required, the Satluj Jal Vidyut Nigam Ltd (SJVNL) said. The debt portion […]

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