Ukrhydroenergo’s Post

The European Union (EU) has announced a substantial investment of €37 million in Nigeria’s power sector, adding to the approximately €200 million in grants it has already provided since 2008. This development was revealed by the EU ambassador to Nigeria, Samuela Isopi, during a visit to the Minister of Power, Chief Adebayo Adelabu. Tap the link in our bio to read more. #EUInvestment #PowerSector #EnergyInvestment #NigeriaInfrastructure #EuropeanUnion #RenewableEnergy #EnergyDevelopment #InfrastructureInvestment #EnergyProjects #NigeriaEconomy #SustainableDevelopment #EUfunding #PowerInfrastructure #EconomicPartnership #energyefficiency

💶Two Ukrainian banks join EBRD’s Energy Security Support Facility.  Ukrgasbank and PrivatBank have become the first two banks in Ukraine to join the EBRD’s Energy Security Support Facility, a landmark programme that will enable the country’s financial sector to provide better access to financing for energy security investments in Ukraine.  To Ukrgasbank, the EBRD is extending a €150 million portfolio-risk-sharing facility, while to PrivatBank, the EBRD is extending a €175 million facility for financing energy security projects in Ukraine. Trough this programme the EBRD will partially cover the risk of partner financial institutions on a total of €700 million of sub-loans for investment in decentralised energy generation, energy storage, and energy efficiency measures. Ukrainian businesses, state-owned enterprises, including municipalities, municipal companies, and households, will be eligible for loans through the facility, thus strengthening their resilience to both immediate energy security risks and the medium-term impacts of climate change.  Ukrgasbank and PrivatBank are partners of the EU4Business EBRD Credit line, a joint initiative of the EU and the EBRD to help Ukrainian small and medium-sized enterprises.  The EBRD is Ukraine’s largest institutional investor. It has deployed more than €4.5 billion in the country since 2022 and has secured agreement for a further €4 billion capital increase to continue lending at these levels in wartime, with the potential for more once full reconstruction begins.  Read more on the official website: https://rb.gy/6vg04q  #EBRD #EU #EU4BusinessEBRDCreditLineUkraine #EU4Business #WarInUkraine #StandWithUkraine

EBRD and our EU donor partners are supporting the resilience and decarbonisation of the #districtenergy sector in Ukraine. This week at the Ukraine Recovery Conference the Bank signed a financing package for the district energy system in the city of Lutsk for investments in network modernisation, digitalisation and renewable heat generation.   This is the first new district energy project the Bank has supported in Ukraine since Russia's full scale invasion in 2022, it is also the Bank's first district energy project in the country which includes heat pump technology. The project builds on a successful earlier EBRD project and will further increase the resilience of the system to provide uninterrupted heat supply in the face of attacks on Ukraine's energy infrastructure. #ebrd #heatpumps #renewableheat #energy #URC24 #districtheating

Prime Minister of Kazakhstan Olzhas Bektenov met with Nikolai Podguzov, Chairman of the Management Board of the #EurasianDevelopmentBank (EDB), to discuss the expansion of investment cooperation and the EDB's pivotal role in infrastructure development. During their meeting, both leaders highlighted the EDB’s significant investment activity in #Kazakhstan. In just the first half of 2024, the Bank has financed projects across various sectors totaling over $900 million. Reflecting on 2023, Kazakhstan secured $1 billion in investments, with projections indicating that this figure could rise to between $1.4 and $1.6 billion by year-end. Key projects on the EDB’s agenda in Kazakhstan include: 🏭 Implementation of cycling and continuous mining technology for coal. ⚡️ Construction of solar power plants. 💧Reconstruction and expansion of the Astrakhan–Mangyshlak water pipeline. 🛣️ Construction and reconstruction of critical highways. Prime Minister Bektenov emphasized the EDB's importance as a key partner and a dependable source of investment. He stated, "In his state-of-the-nation address, the President of Kazakhstsn outlined goals to tackle critical infrastructure challenges. The government is now focused on large-scale modernization and construction across engineering, transport, social, and digital infrastructure. We are eager to enhance our cooperation with the Bank on mutually beneficial terms and are interested in implementing projects essential to our nation's economy." Nikolai Podguzov reaffirmed the EDB's commitment to strengthening collaboration on major investment initiatives, highlighting the importance of a robust investment portfolio, capital diversification, and improving corporate governance. #Kazakhstan #EDB #InfrastructureInvestment #SustainableDevelopment #Partnership #EconomicGrowth #RenewableEnergy

According to a statement by Lisa Kaestner, the Regional Manager for Ukraine at the International Finance Corp (IFC), the World Bank's private investment arm is set to finance a total of $1.9 billion in projects in Ukraine over the next 18 months. Of this amount, over half is expected to be covered by the IFC's own account, with the remaining funds to come from partner organizations such as Western governments and the European Commission. Kaestner further disclosed that the IFC would provide some of the financing in the form of grants and guarantees, which will allow the organization to shift its focus towards longer-term investments with a higher risk profile, particularly those that require significant capital expenditure. This strategic shift is necessary to protect these assets, which might be damaged due to the ongoing conflict in the region. The upcoming projects that will benefit from this financing include river transport on the Danube and energy generation from solar and wind. The IFC has already financed $1.1 billion in projects since Russia invaded Ukraine in February 2022.

EBRD Delegation Visits Kyiv to Strengthen Support for Ukraine’s Energy Sector A high-level delegation from the European Bank for Reconstruction and Development (EBRD), led by Matteo Patrone, Vice President, Banking, visited Kyiv this week to engage in discussions with Ukraine’s government and key energy companies on providing support to the country’s energy sector following the extensive Russian attacks on power generation facilities. Since the onset of Russia’s full-scale invasion, the EBRD has significantly increased its investments in Ukraine, deploying €4.6 billion since 2022. Of this amount, at least €1 billion has been directed to energy companies, including Ukrenergo, Naftogaz, and Ukrhydroenergo. Energy security remains a top priority for Ukraine. In response […] Read the full story here: https://lnkd.in/dC2znTiq #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #europe #greenenergy #renewableenergy #solarenergy #ukraine

In the Framework Contract to Support European Investment Bank (EIB) Advisory Services (EIBAS) Activities Inside and Outside EU-27, we are pleased to support the EIB and the government of Cyprus in the implementation of the project JASPERS - Energy Storage Scheme 2, funded by EU through the JASPERS. The project aims to provide technical assistance to MINISTRY OF ENERGY, COMMERCE INDUSTRY AND TOURISM in the dynamic energy sector of Cyprus, focusing on the imminent launch of two investment aid calls (Scheme, part A). With evolving regulatory requirements from transmission and distribution operators, the project will coordinate with various stakeholders, particularly for evaluating bidders. The key tasks include finalizing the Scheme’s preparation post-consultation, operationalizing and improving the Optimization tool for bidder evaluation and ranking, facilitating the bid competition, and supporting the tender process.   The project will run from June 2024 until April 2025.   #EuropeanUnion #EIB #JASPERS #energy #Cyprus #newcontract #internationaldevelopment #ibfIMPACT #ibfinternationalconsulting

Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission #Coal #CompetitionCouncil #EcOltenia #EnergyComplex #EuropeanCommission #RestructuringPlan #Romania https://lnkd.in/deKsAYPU

Last Sunday (June 23) the large circulation Athens daily “Kathimerini” newspaper published an article (https://lnkd.in/d3Nz6X3V) of mine concerning the #electricityinterconnection project of #Greece-#Cyprus-#Israel. This is the old #EuroAsiaproject, now termed “Great Sea Interconnector”, which is continuing under the capable management of Greece’s IPTO-Independent Power Transmission Operator This is a most significant project of great geopolitical importance since it will link the European electricity grid, through Greece, to Cyprus which is considered an energy island as it has no electricity connections to any other country. For this reason the project is financially backed by the EU through its Connect Europe Facility. The article recounts the 14 year old saga of how this major € 1.9 billion electricity connection of 1800 kms progressed from a simple concept to a fully fledged project. Having surpassed several obstacles the GSI is now considered a mature project, construction of which is slated to start before the end of this year, latest by early 2025 . IPTO is now in the final stages of putting together the project financing which will include a € 650 grant from CEF,funds from interested global l investors and lending from an international bank consortium. The government of the Republic of Cyprus has yet to make up its mind whether to participate in the group of investors. With or without its involvement the project is bound to move forward as interest is growing daily from serious investors specialising in large infrastructure projects, such as USA’ DCA and Meridiam.

🧡 🤞 🤞 Cornerstone of Canadian 2024 economic plan - five major #investment tax credits. The Canadian government has announced five significant tax credits to support the country's transition to #cleanenergy. These credits are aimed at encouraging investment in key areas such as #cleantechnology, #hydrogenproduction , and #carboncapture. 💎 1. #CCUS carbon capture, utilization, and storage (CCUS) technology to 💎 2. Clean Technology Investment Tax Credit, #wind, #solar, #hydro, and #nuclear. 💎 3. Tax credit for investments in clean hydrogen production . 💎 4. Tax credit is for Clean Technology Manufacturing Investment, #cleantechnologies. 💎 5. Clean Electricity Investment Tax Credit #produce, #store, or #transport clean electricity between provinces. https://lnkd.in/gNZ7R3V4 #ceraweek #investincanada #energyprojects