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NHPC Inks Agreement for Acquisition of 500 MW Teesta VI HEP

NHPC Limited India’s premier hydropower company has signed the Definitive Agreement for implementation of the Approved Resolution Plan submitted by NHPC for takeover and resolution of Lanco Teesta Hydro Power Limited, who was implementing the 500 MW (125 MW x 4) Teesta VI HEP on Teesta river in Sikkim. Mr Janardan Choudhary, Director (Technical), NHPC signed the agreement in the presence of Mr Balraj Joshi, Chairman & Managing Director, NHPC and Mr Aniruddha Kumar, Joint Secretary, Ministry of Power at New Delhi on 4th October 2019 on behalf of NHPC.

National Company Law Tribunal , Hyderabad bench approved the resolution plan of NHPC on 26.07.2019 for the debt-ridden Lanco Teesta Hydro Power Ltd. NHPC has offered INR 897.50 Crore as Resolution Plan proceeds for the resolution of LTHPL under the Corporate Insolvency Resolution Process. The project will be implemented at an estimated project cost of INR 5,748.04 crore (at July 2018 price level), which includes a bid amount of INR 897.50 crore for acquisition. Earlier in March 2019, the Cabinet Committee on Economic Affairs had approved the proposal for acquisition of Lanco’s 500 MW Teesta Hydroelectric Power Project in Sikkim and execution of balance works for the Teesta VI Project. The project will be completed in a period of 5 years.

Source : Strategic Research Institute
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EDF’s La Coche Hydro Savoie Plant Inaugurated

The new La Coche power plant Savoie was inaugurated by Jean-Bernard Levy, the EDF Group’s Chairman and Chief Executive. The new plant will increase the total capacity of the La Coche pumped-storage hydro facility by 20%. Amounting to 150 million Euros in capital expenditure, this investment confirms the Group’s commitment to the development of hydro power, which is the world’s main source of renewable energy whilst accounting for 12.4% of France’s electrical output. The commissioning of this new facility, combined with upgrades being made to the existing pumped-storage plant, is also helping to further develop electrical power storage technologies, an area which is being strongly supported by the EDF Group via its Storage Plan.

The second biggest hydro project in France after the one currently underway at Romanche-Gavet (Isere), this new facility features France’s most powerful Pelton wheel (240 MW). It comes in addition to La Coche’s underground power plant, which is already in operation. Commissioned in 1976, this pumped-storage plant pumps water from the Aigueblanche dam towards the La Coche impoundment, where it stores energy that is constantly available to meet demand spikes. It therefore plays a strategic role in balancing the power grid, more specifically supporting the integration of variable renewable-energy sources.

With this new plant, La Coche’s hydro facilities will now generate as much power as that annually used by 270 000 inhabitants (tantamount to the size of a city like Strasbourg) thanks to a renewable, flexible and storable energy source.

Of the 150 million Euros spent on this asset, 84 million Euros have gone towards supporting regional businesses including nearly 30 million Euros for Savoie. 500 local jobs have been created or maintained in the region thanks to project-related investments whilst 11 jobs have been created to support labour-market integration.

Source : Strategic Research Institute
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Edevu Hydro Project to be Completed by the end of 2020

The K500 million Edevu hydro power project at Brown River in the Kairuku-Hiri district of Central Province is expected to be completed at the end of 2020. Two Chinese hydro power construction companies (the China Gezhouba Group Corporation and East Vision Group of China) are backing up the project after being stalled for almost a year since its launching in 2017.

According to the initiator and project developer, PNG Hydro Power Limited managing director Allan Gua, the project had been stalled while waiting for the State to guarantee trust and confidence to financiers of the project.

The initial part of the project, which is the diversion tunnel, has been completed and was commissioned on Monday to pave way for the developers to build the 70m hydro dam. According to technical persons on the ground, the tunnel is 500 meters long where the river (the Brown River) will be channeled through when the power turbines are set.

The hydro will be producing 50 megawatts coming from two power hydro machines that will be set up to produce 25 megawatts each.

Source : Strategic Research Institute
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PPAF Commissions 4 Hydro Power Plants in KP

Pakistan Poverty Alleviation Fund in collaboration with Agha Khan Rural Support Program and German Development Bank Kf successfully installed 306 KW hydro power plant in Gazeen, Chitral, providing renewable energy to hundreds of households. The Hydropower Plant installed will benefit 335 households and impact five villages namely Gazen, Dubargar, Unawich, Skermud and Kurkun. This plant is one of the PPAF’s four hydro power stations recently commissioned for communities in remote areas of KP.

Wolfgang Mollers, Country Head KfW, said “KfW has always landed support to organizations working for improving the lives of underprivileged communities. I would like to congratulate PPAF on the completion of this monumental project and hope this is the beginning of a prosperous chapter for the region.”

PPAF’s recently commissioned four Hydro Power plants with an aggregate power production of around 800 KW will provide access to energy to 1500 households in six districts of KP, and more than 20,000 people will now have 24/7 access to off-grid environment friendly electricity.

The project is funded by Federal Republic of Germany through the German Development Bank KfW whereas Agha Khan Rural Support Program is the implementing partner.

Source : Strategic Research Institute
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Austria to Invest in Two Hydropower Project in Nepal

The Austrian government has made a commitment to invest in two hydropower projects with total installed capacity of 735MW, 635MW Dudhkoshi reservoir and 100MW Tamakoshi V projects. The Dudhkoshi project will be spread over an area of 19.8 square kilometres in Khotang and Okhaldhunga districts. As per NEA, the reservoir dam will be spread across 17 kilometres in Dudhkoshi, eight kilometres in Rawa Khola and 5.5 kilometres in Thotne Khola.

Both the governments have also reached an agreement whereby Austria will provide technical assistance to enhance the capacity of the training centre of Nepal Electricity Authority.

Source : Strategic Research Institute
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Romanian Hidroelectrica Inaugurates 12MW Power Plant in Hunedoara

Romanian state owned Hidroelectrica has commissioned a 12MW power plant at Bretea ,on Strei river, in Hunedoara county in western part of Romania.
This is also the first automated plant, remotely controlled, a technology that will be deployed to each of Hidroelectrica’s 200 hydropower plants in operation. The construction of the Bretea hydropower plant, which started in 2008, has involved investments of EUR 50 million.

Hidroelectrica CEO Bogdan Badea said "I am glad that Hidroelectrica adds megawatts to the system, at a time when we need more and more power capacities and at a time when we witness such a quick transition from conventional energy towards green energy, which raises many problems for us and for the whole energy system,.”

Source : Strategic Research Institute
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1061 MW Upper Arun Hydropower in Nepal gets License for Survey

Nepal’s Ministry of Energy, Water Resources and Irrigation has issued a license to a Nepal Electricity Authority owned company to survey the 1,069 MW Upper Arun hydropower project. This comes seven years after the government decided to develop the peaking run-of-the-river project mobilising its own resources. With the decision, Upper Arun Hydropower Electric Ltd will now survey the project, whose detailed study is being undertaken with a concessional loan from the World Bank. The government has already said that the members of the public will also be allowed to invest in the mega project.

NEA Managing Director Kulman Ghising said that the project will receive utmost priority and it will be developed as a game-changer in the field of energy. According to Ghising, the project shall be the biggest-ever undertaking of the NEA. The European Investment Bank and World Bank, along with the Employee’s Provident Fund and the Citizen Investment Trust, have also agreed to provide financing for the project. The NEA plans to complete the project in seven years.

Source : Strategic Research Institute
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ADB to provide fund for Hydropower Plant in Nepal

The Asian Development Bank has signed a USD 60 million financing package with Nepal Water and Energy Development Company Private Limited to help build and operate a 216 MW run of the river hydropower plant on the Trishuli River near the capital, Kathmandu. The financing comprises a loan from ADB and a loan from the ADB-administered Canadian Climate Fund for the Private Sector in Asia II. CFPS II was established by the Government of Canada to encourage private investment in climate change mitigation and adaptation projects in Asia and the Pacific. CFPS II funding was integral to the project’s financial viability as it helped attract private capital currently unavailable in the market.

ADB is cofinancing the project with other multilateral development banks and development finance institutions including the International Finance Corporation; Export–Import Bank of Korea; Korea Development Bank; Asian Infrastructure Investment Bank; Commonwealth Development Corporation; Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V.; OPEC Fund for International Development; and Société de Promotion et de Participation pour la Coopération Economique S.A.

Once operational, the plant is expected to provide over 1,200 gigawatt-hours of clean electricity annually to the national grid. The project is aligned with ADB’s operational priorities outlined in Strategy 2030, notably to eradicate remaining poverty; reduce inequalities; tackle climate change; build climate and disaster resilience; and enhance environmental sustainability.

Source : Strategic Research Institute
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Ethipoia Genale Dawa III Hydropower Project 99% Complete

The Genale Dawa III hydropower project, located in Southeast Ethiopia, is set to be operational soon. According to Chief Executive Officer of the Ethiopian Electric Power Dr. Abraham Belay, the USD 451 million power project is 99% complete and will begin generation in less than two months’ time. Out of the total cost of the 254MW power project built on Dawa River, around USD 67.8 million was covered by the government of Ethiopia, while the remaining was covered by external loan. Genale Dawa III hydropower project Launched in 2010, the 110 meter high and 426 meter long dam has the capacity to hold 2.5 billion cubic meters of water.

The project was suspended for more than a year due to problems associated with resettling of residents living near the dam. The project which was undertaken by China Gezhouba Group is expected to increase the country’s generation capacity to 4,514MW from the current 4,260MW.

Source : Strategic Research Institute
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Hydropower GHG Emissions Higher than Facilities Burning Fossil Fuels

On the whole, while hydroelectricity is certainly a cleaner energy production method compared to fossil fuels, findings from a new study published in the ACS’ journal Environmental Science & Technology say that some hydropower facilities emit more greenhouse gas emissions than those burning fossil fuels. The reason is that the climate impact of facilities that generate electricity from water varies across the world and over time. The amount of hydropower GHG emissions can go up or down depending on what is occurring in the surrounding landscapes. For instance, changes in carbon dioxide emissions occur when natural landscapes are flooded to generate reservoirs for hydropower plants. Additionally, there is near-term warming from associated methane emissions.

Discovering that the majority of studies regarding hydropower’s climate impact have neglected specific factors, researchers Ilissa Ocko and Steven Hambrug decided to conduct a more in-depth analysis of the climate impacts that these alternative energy facilities can have over time. The researchers looked at 1,473 hydroelectric facilities in 104 countries and analysed the climate impacts over time of methane and carbon dioxide emissions. Additionally, they estimated emissions resulting from flooding the reservoir. They learned that emissions from hydropower were, on average, far higher and worse for the environment than emissions from solar, wind and nuclear power installations. However, they were better for the climate compared to emission from natural gas and coal utilities.

That being said, there were some cases where certain hydroelectric plants were worse for the climate than coal and natural gas, both now and in the long term. The reason is that these facilities had high methane emissions, which have a large impact on global warming.

Additionally, the researchers learned that emissions varied by region. For example, while in Western Europe new hydroelectric facilities had near-zero climate impacts, those in Western Africa were worse for the climate than natural gas and coal plant over all timescales. The researchers believe that their findings should be considered when developing and building new hydroelectric plants.

Source : Strategic Research Institute
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