Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in solar, hydro, wind and storage solutions, and an integrator of high-value infras ...

Regional connectivity through the Bay of Bengal can change the fate of South Asian people through trade and economy, especially of the landlocked Nepal, Bhutan and India's Northeast, said economists and foreign relations experts said this week.. Navigation through the Bay of Bengal and regional rivers can largely reduce the cost of transporting goods, help protect the rivers from encroachment, while promoti ...

Puxing Energy Limited("Puxing Energy" or the "Company", together with its subsidiaries, the "Group"; stock code: 00090), the leading clean energy provider in Zhejiang Province, is pleased to announce that, with reference to the share purchase agreement ("Share Purchase Agreement") entered into between Zhejiang Puxing Deneng Natural Gas Power Co., Ltd. ("Deneng Power Plant"), an indirect wholly-owned subsidi ...

South Asian nations need to see the comparative advantages they hold in various energy sectors, and must come together to benefit each other via trade links The missing transmission link between India and North West Sri Lanka can save Sri Lanka $180 million annually in generation cost. By Gaurav Bhatiani & Sanjeev Ahluwalia South Asia must invest at least $1 trillion over the next decade to develop ener ...

GE Renewable Energy has been selected to supply and commission 500MW of turbine capacity for the Kundah hydropower plant in India. GE will supply four 125MW fixed speed pumped storage turbines for the project, supported by the central government to increase hydropower resources. The order was placed by by Megha Engineering and Infrastructure Limited. Commissioning of the plant is expected by September 2023. ...

A new study has identified decades-old hydropower stations across Asia that could contribute to the region’s clean energy goals if they were significantly upgraded. The research by the International Hydropower Association (IHA), conducted for the Asian Infrastructure Investment Bank (AIIB), says that 66 hydropower stations across 19 countries could be ripe for modernisation, at an estimated investment ...

[The Association of Southeast Asian Nations (ASEAN)] has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 with energy demand in the region is expected to grow by 50 percent. According to the International Renewable Energy Agency (IRENA), this objective entails a “two-and-a-half-fold increase in the modern renewable energy share compared to 2014.” With the r ...

Engineering consulting firm SMEC has been hired to support hydropower development projects in India and Nepal. In India, contractor Megha Engineering & Infrastructures has selected SMEC to serve as its engineering and project management services partner for the Kundah Pumped Storage Hydroelectric Project. Megha Engineering & Infrastructures is the project’s main contractor, operating under a contrac ...

The dam has not only threatened Pakistan's environment and farming community, but also displaced several hundred people. When the Indian government revoked Kashmir’s semi-autonomous status on August 5, 2019, it not only gave it more flexibility and opportunity to exert its control over the land and the indigenous population, but also over the Indus river system that both Kashmir and Pakistan depend on for s ...

Lower Sesan II Hydropower Station, which is operated and managed by the firm China Huaneng Group, is located on the mainstream of the Sanhe River in Cambodia’s northeastern Stung Treng province. The formation of the reservoir serves a dual purpose: aside from helping water storage during Cambodia’s dry and rainy seasons, it also promotes agricultural development in the area for the benefit of the local comm ...