Tuesday, September 17, 2019

Business / DT 13 / 2007

Sida to review new untied credit scheme

 
The Swedish government will assign the aid agency Sida to analyse the practical consequences of a proposal to scrap the Swedish mixed credits system and establish a new untied scheme.
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Norwegian firms luke warm about untied financing scheme

 
Norad has built up a substantial portfolio of projects for mixed credits with Vietnam being the main market. Contracts related to three tenders are being finalised, but no Norwegian firms have won contracts.
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Trønderenergi takes over Bugoye hydropower plant in Uganda

 
The regional Norwegian hydro-power firm Trønderenergi is taking over Bugoye hydro plant in Uganda from SN Power. SN Power, a 50 per cent aid-financed hydropower firm, did not consider the project to be commercially viable. Norway is expected to provide an aid grant to co-finance the project.
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Expanding SN Power’s capacity in greenfield projects

 
“We believed it was possible to make commercial hydropower invest-ments in Africa, but it has turned out to be difficult. No-one else has succeeded either," says Chair of SN Power Kjell Roland to Development Today.
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