The investor group behind the Karuma hydro power project, NORPAK, has prepared for SN Power to become the majority owner in the project. A letter of intent which would give SN Power at least 51 per cent of the shares in the group was prepared last spring. However, the deal was pending on World Bank support to the project and has not materialised.
Øistein Andresen, the CEO of SN Power confirms to Development Today SNPI’s involvement last spring in what he describes as “positive discussions" about entering the project and taking over the EPC group’s shares.
The Norwegian emergency relief industry is experiencing a bumper year. During the first six months of 2005, sales through the so-called NOREPS, a network of Norwegian emergency relief firms, amounted to NOK 228 million.
This already exceeds the total export from NOREPS firms during the whole of last year, according to sales statistics obtained by Development Today.
Because of the tsunami catastrophe last December, the Swedish Rescue Services Agency had to set aside its normal procedure of procuring through competitive tendering. The result has been that 50 per cent of the agency’s total procurement in the past year has involved direct purchases.
Denmark’s general contribution to WFP, which is currently 80 per cent tied to Danish food producers and personnel, will be untied from national firms by 2008. Danish suppliers of bulk foods are not likely to survive in the WFP market as a result of this policy change. But one company, DanÆrt, has developed a niche product that it hopes will keep it in the game.