Fortum-Rusnano fund greenlights 100-MW wind project in Russia

The Fortum-Rusnano wind investment fund has taken the investment decision to build a 100-MW wind park in Russia, it announced on Friday. The fund expects this wind farm to begin production in the first half of 2020. Fortum-Rusnano is a 50/50 partnership between Finnish utility Fortum Oyj (HEL:FORTUM) and Russian nanotechnology company Rusnano. It won […]

Georgia HPP project of 13.7 MW to get EBRD funding

The European Bank for Reconstruction and Development (EBRD) has approved lending USD 6.9 million (EUR 6.1m) for the construction of 13.7 MW of hydropower plants (HPPs) in Georgia. In a press release on Friday, the EBRD said it will provide the financing as part of an up to USD-14-million long-term senior loan under the Risk […]

Russia to develop two large HPPs in Uzbekistan

Russia will take part in the development of a feasibility study for the construction of the Mullalak and Verkhnepskemsk hydro power plants on the Pskem river in Uzbekistan, Uzbek media reported. Chairman of the Board, General Director of PJSC RusHydro Nikolai Shulginov and Deputy Prime Minister of Uzbekistan, Minister of Finance Jamshid Kuchkarov held talks […]

Two Cape Town desalination plants go offline

Two of the Mother City’s desalination plants, which were built to help Cape Town avert the once-looming Day Zero and cost the City millions in the process, have been out of order. A naturally-occurring algal bloom in False Bay has led to the Strandfontein and Monwabisi temporary desalination plants being unable to produce water without […]