Work begins on 145 MW floating solar plant in Indonesia
Abu Dhabi-based renewable energy group Masdar and Indonesian energy company PT PJB have reached financial closing for the 145 MW Cirata Floating Photovoltaic Power Plant on a 225ha section of the Cirata Reservoir in West Java, for which the two companies secured a long-term power purchase agreement with local state-owned electricity company Perusahaan Listrik Negara (PLN) in January […]
Work starts on Vietnam’s first green hydrogen plant
Tra Vinh (VNS/VNA) – TGS Tra Vinh Green Hydrogen Company, a member of The Green Solutions Group, has started construction of Vietnam’s first and largest green hydrogen factory in the Mekong Delta province of Tra Vinh’s Duyen Hai district, with total investment of 8 trillion VND (341 million USD).
World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas
The World Bank has signed an agreement with the Government of Myanmar to provide off-grid solar products to 450,000 people in rural Myanmar. The result-based financing for off-grid solar products is worth $3.45 million. It is co-funded by the Global Partnership for Results-Based Approaches (GPRBA) and the Energy Sector Management Assistance Program (ESMAP).
World Bank Approves $460 Million Funding for Power Generation, Health Services in Myanmar
YANGON—The World Bank (WB) has announced it will provide a total of US$460 million (645 billion kyats) in credit to Myanmar to upgrade electricity power generation projects and increase access to quality essential health services, with a focus on maternal, newborn and child health. The WB said on Saturday its board approved $350 million in credit […]
World Bank approves Indonesia loan, funding for clean energy and health
The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in financial support, and $600 million toward a project to improve childhood nutrition.
World Bank Issues Its First ‘Green Loan’ to Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
World Bank Issues its First ‘Green Loan’ For Environmental Businesses in Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
World Bank sees rise in energy financing for LNG, RE projects
SINGAPORE – The World Bank Group is anticipating that financing flow in energy projects will be largely dominated by new projects in the liquefied natural gas (LNG) and renewable energy (RE) sectors in the near- to longer-term investment horizons. “LNG will remain to have a lot of space in energy financing as gas demand increases […]