Sida threatens to close down EcoEnergy sugar project in Tanzania

Sida is threatening to close down the sugar and ethanol project of the Swedish company EcoEnergy in Tanzania unless a new strategic investor is in place by the end of next month.

Norway disburses NOK 600m for dam that will flood rainforest in Guyana

Norway has transferred more than half a billion crowns to the Inter-American Development Bank (IDB) in Washington for a hydropower project that will flood thousands of hectares of Guyana’s Amazon forest. If the project, Amaila Falls, does not materialise by July 2016, IDB will return the money to Norway.
Swedish EcoEnergy sugar project delayed again. Sida stands to lose SEK 50 million

Swedish EcoEnergy sugar project delayed again. Sida stands to lose SEK 50 million

 Sida is again re-negotiating its agreement with the Swedish sugar and ethanol firm EcoEnergy in Tanzania. Torbjörn Pettersson, Head of Africa at Sida, says to Development Today: “We think they have done an extremely optimistic evaluation of their costs from the past. There was quite a big discrepancy ... The alternative is for the owners to put in more money, but they were not prepared to do that.”

Brende eyes reform options as end of Ban Ki-moon’s term draws closer

Norway is preparing a new UN reform initiative targeting candidates for the post of Secretary General which Ban Ki-moon will vacate at the end of 2016.

World Bank winds up fisheries initiative

A high-profile World Bank fisheries programme backed by Norway and initiated by former bank chief Robert B Zoellick has been terminated. It had aimed to raise USD 1.5 billion to save the world's oceans.

Danish Major General to lead Mali UN force

Michael Anker Lollesgaard is appointed Force Commander of MINUSMA, taking charge of 8,700 UN soldiers from 40 countries.

Norfund keeps valuation of SN Power deal secret

Norfund has finished restructuring SNPI, its largest investment in renewable energy, in a deal with Statkraft. Before splitting up the company, a valuation of assets in the old firm was made, but those numbers are being kept secret.

Norfund's last-minute gas deal

The aid-financed risk fund Norfund has finally gained a stronghold in the African gas sector, only to see the Parliament ban aid investments in gas.

Sida seeks cooperation with UNDP on anti-corruption efforts

In an effort to shine light on how UNDP handles suspected corruption, Sida is looking to share information on on-going investigations.

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