Page 15 - AsiaElec Week 25 2021

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup is being developed by Renewable Energy Sys-
Global (NRG Power), in which the reader is tems (RES) Canada and a company owned by
invited to join our team of international editors, a Native Canadian tribe, Awasis Nehiyawewini
who provide a snapshot of some of the key issues Energy Development.
affecting their regional beats. We hope you will like The Bekevar wind farm will be located partly
NRG Power’s new concise format, but by clicking on Native land in south-eastern Saskatchewan.
on the headline link for each section the full text
will be available. ENERGO: Romgaz terminates contract for
430-MW power plant but seeks to com-
AFRELEC: Africa Renewable Energy Fund plete project
II raises €130mn Romanian natural gas company Romgaz has
The Africa Renewable Energy Fund II, an Afri- terminated the €268mn contract for the con-
ca-focused private equity fund, has achieved its struction of Iernut gas-fired power plant with
first close at €130mn, following a joint invest- the contractor, an association formed by Span-
ment of €17.5mn from The Sustainable Energy ish Duro Felguera and a local partner, and will
Fund for Africa and the Climate Technology seek to complete the project by June 2022 either
Fund through the African Development Bank on its own or by finding another contractor.
(AfDB). The company informed investors about the
The fund is a 10-year closed-ended renewa- termination of the contract for the 430-MW
ble energy Private Equity Fund that aims to raise Iernut gas-fired power plant, saying it was
$300mn from private institutional investors. “motivated by the non-completion in time, by
the executor, of the construction works and
REM: Native Canadian co-owned wind commissioning.”
project awarded 25-year power purchase
agreement
The Canadian utility SaskPower has awarded See the archive and sign up to receive NRG Editor’s
a 25-year power purchase agreement (PPA) Picks for free by email each week here. ™
for power from a 200-MW wind project that

Week 25 23•June•2021 www. NEWSBASE .com P15