TUSCO Limited, a joint venture company of THDC India Limited (THDCIL) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) signed an advisory mandate on Monday with International Finance Corporation (IFC). IFC is a member of the World Bank Group and will support TUSCO Limited in the development of 600 MW solar power parks […]
IFC Makes Equity Investment in Federal Bank to Promote Green Recovery
Accordingly, IFC, along with two investment funds managed by IFC Financial Institutions Growth Fund, and IFC Emerging Asia Fund, has made an equity investment for a 4.99 per cent stake in Federal Bank Limited (FBL). Global funding agency International Finance Corporation (IFC), along with its associated entities, has made equity investment in Federal Bank to […]
IFC Supports Wind Projects to Promote Renewable Energy in Vietnam
HANOI : The International Finance Corporation is funding the development and construction of two wind power projects in central Việt Nam to support the country’s transition to cleaner low-carbon power generation. Construction site of Lợi Hải 2 wind power project in Ninh Thuận Province. The member of the World Bank Group IFC is providing a […]
Masdar Wins 400 MW Solar Plants Tenders in Uzbekistan
Abu Dhabi Future Energy Company (Masdar) has won tenders for two key solar power plants in Uzbekistan, being implemented on a public-private partnership (PPP). The PPP projects, coming up in Jizzakh and Samarkand regions, will soon add over 400 MW of clean and renewable energy to Uzbekistan’s energy mix. The Ministry of Energy of Uzbekistan […]
Masdar Places Lowest Bid in 200-MW Solar Tender in Uzbekistan
Abu Dhabi Future Energy Company PJSC, better known as Masdar, has emerged as the lowest bidder in a tender for a 200-MW solar project in Uzbekistan’s Sherabad district, placing a bid of USD 18.045 (EUR 14.819) per MWh. The Ministry of Energy last week opened the financial proposals and is due to announce the winner […]
5 Ways the World Bank’s Climate Action Plan Could Go Further
The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and inequality, while draining governments resources. Meanwhile, the impacts of climate change are starting to be felt on a broad scale, resulting in the loss of homes, crops […]
Masdar Submits Lowest Bid for Uzbekistan’s Sherabad PV Solar Project
UAE-based Masdar has submitted the lowest bid for the planned 200MW Sherabad photovoltaic (PV) solar independent power producer (IPP) project in Uzbekistan. Masdar’s bid of $cents1.8045/kWh was the only bid below $2cents/kWh. The consortium of China’s Jinko Power and China Power Holding International submitted the second lowest tariff of $cents2.1621/kWh. Saudi Arabia’s Acwa Power submitted […]
FMO, CDC Group, Swedfund, And IFC Participate In First Close Of Nepal-focused Dolma Impact Fund II
The timing is important as COVID cases rise in Nepal, following the trend in India. Dolma II’s target sectors will directly address capacity constraints in healthcare and enable digital solutions to scale rapidly that will be vital both during and following the pandemic. Dolma Fund Management announces the first close of Dolma Impact Fund II […]
IFC proposes $50mn debt finance for Thar Surya solar power project
Chennai : International Finance Corporation (IFC) plans to debt finance the construction of Thar Surya 1 Pvt Ltd’s 300 MW solar power project in Bikaner, Rajasthan by $50 million. Apart from lending $50 million, IFC will also mobilise $100 million debt through parallel lenders. According to IFC, the total solar power project cost is estimated […]
Africa is only tapping into 0.01% of its wind power potential
In 2020, 821 MW of new wind power capacity was installed in Africa and the Middle East, bringing total capacity in the region to over 7 GW, which helps to avoid 10.7 million tonnes of CO2 emissions annually – equivalent to taking 2.3 million passenger cars off the road. The technical wind resource potential on […]