Page 15 - AsiaElec Week 22 2021

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup wind and solar portfolio in Chile, with commer-
Global (NRG Power), in which the reader is cial operations to start in 2023-2025.
invited to join our team of international editors, The deal reinforces EDPR’s strategic presence
who provide a snapshot of some of the key issues in Latin America, where it currently has 0.4 GW
affecting their regional beats. We hope you will like of operating capacity in Brazil. EDPR is also
NRG Power’s new concise format, but by clicking developing 1.6 GW in the Brazilian and Colom-
on the headline link for each section the full text bian markets.
will be available. In Chile, renewable electricity from solar
and wind power represents nearly 20% of the
AFRELEC: Mozambique begins construc- country’s energy supply, and the volume of
tion of $1bn power plant renewables is anticipated to increase every year,
Mozambique has begun construction of the 450- according to US law firm DLA Piper.
MW Temane gas-to-power plant and accompa-
nying transmission line in a project worth $1bn ENERGO: RusHydro posts rising revenues
that is backed by the World Bank and the US. RusHydro has posted a 5% year-on-year increase
The World Bank is leading financial back- in revenues for Q1 to $1.7bn, although EBITDA
ing for the infrastructure project, alongside the was down 5% and net income fell by 21%.
United States, Norway, African Development The company has set modest medium-term
Bank (AfDB), Islamic Bank and The OPEC Fund financial goals and showed weak operational
for International Development. The project aims results in 4Q20. Nevertheless, RusHydro man-
to supply power to 10mn Mozambicans by 2024 aged to narrow its loss in 4Q20.
as the country seeks to provide universal access Despite the plunge in output in 1Q21,
to electricity. The US has provided a $200mn RusHydro’s financials in 1Q21 were expected to
direct loan for construction via the US Inter- remain stable on the recovery of 1Q21 prices.
national Development Finance Corporation RusHydro has approved its 2021-2025
(DFC). investment programme, which calls for $6.8bn
of spending on the modernisation and con-
REM: EDPR enters Chile with 628-MW struction of new assets.
wind, solar portfolio
EDP Renewables (EDPR), part of the Portu- See the archive and sign up to receive NRG Editor’s
guese electric utilities company EDP Group, Picks for free by email each week here. ™
has reached agreements to purchase a 628-MW

Week 22 02•June•2021 www. NEWSBASE .com P15