The European Bank for Reconstruction and Development (EBRD) along with the Italian Government have signed a €200 million loan package for hydropower company Ukrhydroenergo to restore and maintain its facilities that have come under repeated attack by Russia in its illegal invasion of Ukraine.
The EU has announced that it intends to invest €37 million into the Nigerian power sector, aiming to address the longstanding issue of inadequate electricity supply in the country.
The US Department of Energy (DOE) is providing $71.5 million in incentive payments for 46 hydropower projects across 19 states in the US to improve generation efficiency.
Facing the worst-ever drought in India in the last 100 years with no rain or snow this winter, power generation at major hydropower projects in the state of Himachal Pradesh in north India is down by 80-85 per cent.
REN, Portugal’s national grid operator, said that the country obtained a record amount of its power from clean energy sources in 2023, with renewables accounting for 61 per cent of power use.
The Zambezi River Authority (ZRA) has reduced the amount of water allocated for power generation at the Kariba Dam by 47 per cent to 16 billion cubic metres (BCM), down from 30 BCM.
A dozen hydropower plants across Africa could receive $1 billion from the African Development Bank (AfDB) to upgrade equipment and boost power generation and potentially speed up the transition from fossil fuels.
Masdar and EDF have signed an MOU at the COP28 talks in Dubai to investigate the potential development of 3.6 GW of hydropower and renewable energy projects in the Kyrgyz Republic.
Ethiopia has announced it will double its supply of hydropower to Kenya following the onset of El Nino rains in Eastern Africa, which has replenished reservoir levels.
Kenya Electricity Generating Company (KenGen), Kenya’s largest power producer, has announced a plan to generate more electricity from geothermal power plants in the face of low water inflows being experienced at the hydropower stations, the result of low rainfall in the country.