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Financing the world’s energy transition: The full picture in 5 charts

Countries, companies, and banks are pledging their commitment to a rapid energy transition by 2050, dependent on a full-scale shift in what energy the world relies on. But how is the energy transition actually getting financed?  A new report from the University of Oxford paints a mixed picture; while coal is feeling the pinch, and many renewable energy sectors are growing rapidly, oil and gas financing has ...

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TBM Ready for Work at Webuild’s Hydropower Project in Australia

Webuild and its partners in the Future Generation joint-venture celebrated with Snowy Hydro Ltd. the commissioning of the first of three technologically advanced tunnel-boring machines (TBMs) assigned to Snowy 2.0, a major milestone. As the largest renewable energy project in Australia, Snowy 2.0 will expand Snowy Hydro’s network of hydro power stations to support the country’s transition to a low-carb ...

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Aurecon appoints internationally recognised hydropower and dams expert Bill Hakin

International engineering, design and advisory company Aurecon has appointed hydropower and dams expert Bill Hakin who has a track record of successfully delivering water and power infrastructure and security projects for communities around the world.  Aurecon’s Managing Director Energy, Resources & Water Paul Gleeson said that Mr Hakin’s experience in the delivery of large and complex hydropower, ...

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REC, PFC sign pact to finance 600-megawatt hydropower project in Bhutan

KHEL is the first JV being undertaken between the two governments for implementation of the 4x150 MW Kholongchhu hydroelectric project State-owned entities REC Ltd and Power Finance Corporation (PFC) have entered into a pact with Bhutan-based Kholongchhu Hydro Energy Ltd (KHEL) to finance a 600-megawatt hydroelectric project at Trashiyangtse in the neighbouring country. KHEL is a 50:50 joint venture between ...

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UNESCO Requests New Impact Assessment for Luang Prabang Dam

UNESCO has requested a new assessment for a large-scale Lao Mekong River dam located near a World Heritage Site, fearing that the dam’s potential impact could put the site at risk. According to UNESCO, the town of Luang Prabang is “an outstanding example of the fusion of traditional architecture and Lao urban structures with those built by the European colonial authorities in the 19th and 20th centuries.” L ...

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Sustainable Energy Key to COVID-19 Recovery in Asia and the Pacific

The past year is one that few of us will forget. While the impacts of the COVID-19 pandemic have played out unevenly across Asia and the Pacific, the region has been spared many of the worst effects seen in other parts of the world.  The pandemic has reminded us that a reliable and uninterrupted energy supply is critical to managing this crisis. Beyond ensuring that hospitals and healthcare facilities ...

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Japan and ADB agree clean energy cooperation

Japan’s ministry of economy, trade and industry (METI) and the Asian Development Bank (ADB) will work together on clean energy projects identified by the Association of Southeast Asian Nations (ASEAN), they have said.  The two sides will work on renewable energy, energy conservation and efficiency, and other technologies for low carbon energy transition, they said. The work will focus on the imple ...

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Cooperation between Voith and CNR in France: new Vallabrègues small hydropower plant of CNR will soon supply another 15,000 homes with renewable energy

Important milestone for the development of small hydropower in FranceVoith wins order for the supply and installation of a vertical Kaplan turbine with 8.6 MW as well as the entire electrical and hydromechanical equipmentAs a full-range supplier for small hydropower, Voith offers a comprehensive service package for CNR LYON, FRANCE. Voith’s cooperation with the French energy company Compagnie Nationale ...

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Sri Lanka award $12 Million contract for Renewable Energy

 25 January 2021  The Sri Lankan government has awarded a contract to a Chinese based joint venture, to install a hybrid renewable energy system in three islands of the coast of Jaffna, at a cost of USD $12 million. The contract forms a part of the Supporting Electricity Supply Reliability Improvement Project, which is being implemented by the Ceylon Electricity Board (CEB) but is directly funded ...

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Time to tap KP’s 30,000 MW hydropower potential for sustainable economic, industrial growth

Naturally blessed with enormous hydropower resources, Khyber Pakhtunkhwa is a unique province where 30,000 Megawatt (MW) of hydropower potential has been identified that could easily meet the energy demands of domestic, agriculture and industrial sectors besides making Pakistan energy surplus. Out of 30,000 MW hydropower potential identified by the KP Energy Department, only 6,000 MW (33,000 Gigawatt h ...

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