The European Investment Bank (EIB) is providing a 100m long-term loan to Pakistan to finance the construction of the 128MW Keyal Khwar Hydropower project.KWF would offer financial support for the project, a statement from the EIB said, The Technology Times Reported.Alvarez, who is in charge of the EIB’s operations in Asia, said, “The  EIB is committed to support the investment in renewable energy and helpin ...

Japan unveiled its first draft energy policy since the Fukushima meltdown three years ago, saying nuclear power remains an important source of electricity for the country. The plan presented Tuesday to the Cabinet for approval in coming weeks, says Japan's nuclear energy dependency will be reduced as much as possible. But it says reactors that meet new safety standards set after the 2011 nuclear crisis shou ...

As part of tapping the solar power generation in Tamil Nadu, solar energy service provider SunEdison has set up its first 18-MW solar park in Tirunelveli in state. The Newyork Stock Exchange-listed company, has set up the solar park to serve the commercial and industrial businesses, SunEdison President and Managing Director (AsiaOperations), Pashupathy Gopalan said. "We have several PPA (Power Purchase Agre ...

AYALA-LED Manila Water Company, Inc. will infuse additional equity investment in its Singapore unit, the utility said in a disclosure yesterday.   Manila Water said that, in a meeting yesterday, its board of directors “authorized the infusion of additional equity investment in its wholly owned Singapore subsidiary, the Manila Water Asia Pacific Pte. Ltd. in the amount of $45,000 for its operational purposes ...

LISTED Trans-Asia Oil and Energy Development Corp. of the Phinma group on Monday announced it has allocated more funds from proceeds of its stock rights offering (SRO) in 2012 to finance the construction of its wind- farm project. “Trans-Asia has disbursed the amount of P165,605,000 from the proceeds of its 2012 stock rights offering,” the company said in a disclosure to the exchange. The funds will be used ...

Latin America has become one of the hottest growth markets for the wind energy industry. Wind power development in Brazil, in particular, is growing rapidly and will provide the bulk of Latin America's wind market in the coming years. By 2016, Brazil could see yearly installations top 1.5GW as the pipeline of contracted projects comes online and transmission is constructed to connect the plants. According t ...

Chinese solar-panel maker ReneSola Ltd. gained a foothold in Japan this week, partnering with Japanese electronics trading company Vitec Co. Ltd. to open a plant there. U.S.-listed shares of ReneSola SOL +3.39%  rose 1%, one of the few PV-cell makers to be in the black on Thursday. The partnership is expected to start production in April under the name Vitec Global Solar, according to reports. Financial and ...

Global smart grid investment reached $14.9bn in 2013, up from the $14.2bn recorded in 2012, according to the latest authoritative figures. China finished the year as the world’s largest smart grid market, exceeding the US in dollar investment for the first time as the North American market continued to slow. Smart metering accounted for just under half of the total smart grid spending worldwide, with distri ...

APR Energy announces landmark power contract win in Myanmar First power generation agreement signed by a U.S.-based company with government of Myanmar since lifting of sanctions in 2013 Jacksonville, Fla., USA - APR Energy, a global leader in fast-track power solutions, today announces the signing of a large-scale, turnkey power contract in Myanmar. The facility will provide the Myanmar Electric Power Enter ...

Veolia Water Solutions & Technologies is proud to announce a project win to implement its in-house water metric at Tenaga Nasional Berhad (TNB) thermal power plants. The appointment was made by TNBR, a wholly-owned Research and Development subsidiary company of TNB, which is Malaysia’s national electricity utility company. Veolia will be working in collaboration with TNBR by providing technical expertis ...