It’s official. Jaiprakash Associates, the Indian energy and infrastructure conglomerate, has sold off two hydroelectric plants in northern India.
The last time one of the group’s subsidiaries did something similar, its shares rallied on hopes that the move would bring down the group’s debts. But this time the stock has tanked because of signs the plants may have been sold too cheaply. Read more >>
The Grand Ethiopian Renaissance Dam will be the largest hydroelectric power plant in Africa when completed, delivering 6,000MW – but the project has attracted much controversy. The FT’s East Africa correspondent Katrina Manson reports.
India’s Tata Power has agreed to invest in two hydroelectric projects in Georgia that will help the impoverished South Caucasus country transform its mountain rivers into an export revenue stream.
Tata’s vote of confidence is an important boost for Georgia where a fresh bout of political turmoil is driving foreign investment away. Read more >>
By Jake Maxwell Watts and Nguyen Phuong Linh
As construction starts on a controversial hydropower project in Laos, it becomes clearer by the day that this poor and underdeveloped country is likely to place its ambition to be the “battery of south-east Asia” above any cost to the environment – and that price will be considerable. Read more >>
As electricity supplies go back online, advocates of energy reform in India are hoping that this week’s power outages will provide an opening to press for far-reaching changes. However, the desire for reform will as ever come up against the politically possible. Read more >>
The World Bank has approved loans worth $684m for the Eastern Electricity Highway Project, which aims to transport Ethiopian power to Kenya and beyond.
The project is part of a $1.3bn plan to open up an eastern African power network, but has attracted controversy due to social and environmental worries over the knock on effects of hydro-power in Ethiopia. Read more >>