GLOBAL TENDERS

India, Nepal agree to build hydroelectric power plant

India, Nepal agree to build hydroelectric power plant India and Nepal will build a 695 megawatt (MW) hydropower plant, officials said on Monday, as the Himalayan nation looks to exploit its abundant potential to generate clean energy to ease power shortages. India, which has an electricity trading deal with Nepal, is investing billions of dollars in infrastructure including hydropower plants, as New Delhi looks to grow its influence in its smaller neighbours, where China is also increasingly active. The Arun IV project will be jointly built on the Arun River in Nepals east by Indias Satluj Jal Vidyut Nigam (SJVN) Ltd (SJVN.NS) and Nepals state-owned Nepal Electricity Authority (NEA) owing 51% and 49% of equity respectively, NEA spokesperson Suresh Bahadur Bhattarai said. "Nepal will get 152 megawatt of free electricity from the plant for its consumption and the rest will be split between the two on the 51% and 49% basis," Bhattarai told Reuters without giving further details. "Cost of the project is being worked out and whatever it comes will be shared as per the above ratio." The power plant agreement is among six deals concluded between India and Nepal during the Indian Prime Minister Narendra Modis fifth visit to the Himalayan nation on Monday, Indias Ministry of External Affairs said in a statement. During the visit Modi met his Nepali counterpart Sher Bahadur Deuba and took part in a Buddhist ceremony to mark the birth anniversary of Lord Buddha at Lumbini in southwest Nepal. Indian companies are negotiating with the government for power plants that would produce a total of 8,250 MW and Nepal hopes to export excess energy to India, officials said. Nepal has the potential to produce 42,000 MW of hydropower but now generates about 1,200 MW -- less than demand of about 1,750 MW. The deficit is met by imports from India. India

Inna Braverman, CEO of Eco Wave Power, Conducts Site Visit at Port Adriano in Mallorca to Promote its First Wave Energy Project in Spain

Inna Braverman, CEO of Eco Wave Power Global AB (publ), a leader in the production of clean electricity from ocean and sea waves (Nasdaq: WAVE, Nasdaq First North: ECOWVE) ("Eco Wave Power" or the "Company"), visited Port Adriano on the island of Mallorca, Spain, a month after the Company signed an agreement to install an up to 2 megawatt (MW) wave energy project at the location. The installation will be the first application of Eco Wave Powers wave energy technology in Spain and will produce clean electricity from waves to be used by Port Adriano, one of the most modern marinas in the Mediterranean and an exceptional base for superyachts. Inna Braverman, Founder and CEO of Eco Wave Power and Antonio Zaforteza, whose company, OCIBAR, owns and operates Port Adriano During her visit, Braverman met with Antonio Zaforteza, CEO of OCIBAR (the company that owns and operates Port Adriano), and the Port engineering team to tour and discuss the logistics and implementation plan for the project. The Parties have agreed that the project will commence with a detailed feasibility study and project licensing, which the parties aspire to secure by the end of 2022. Upon completion of such steps, Eco Wave Power will move forward to the detailed project planning phase to be followed by actual construction. The projects construction timeline, from the moment that planning is fully completed, is expected to be between 18 to 24 months. Eco Wave Powers floaters will directly connect to the 500-meter breakwater at Port Adriano and to the nearby substations of the port. The power plant is planned to be constructed and commissioned in two stages: the first stage is the construction of a plant of up to 1MW; and the second stage involves the construction, operation, and maintenance of the remaining capacity of the plant (2 MWs). Port Adriano will have a right of first refusal to invest partially or fully in both stages of the project, and Eco Wave Power will have the right to combine the two stages of the project and execute the whole 2MW from the start. "Eco Wave Power is proud to be a catalyst in Spains efforts for a more renewable future," said Braverman. "There is tremendous opportunity in wave energy, and with Spains vast coastline, we are excited to help unlock such significant potential. We are also very pleased to do so specifically in Spain

Masdar, NPCC sign deal to explore clean energy projects

Masdar, a global leader in renewable energy projects, has signed an agreement with the UAE-based National Petroleum Construction Company (NPCC), a leading engineering procurement and construction company and a subsidiary of National Marine Dredging Company (NMDC), to explore collaboration in offshore wind, green hydrogen, and other renewable energy technologies. Masdar is a major developer and investor in wind projects, which has major stakes in global projects such as a stake in the London Array, one of the largest offshore wind farms in the world, and in Hywind Scotland, the world’s first floating offshore wind farm, which became operational in 2017. This year, Masdar signed an agreement with Cosmo Energy Holdings Company, one of Japan’s largest energy companies, to explore the development of renewable energy initiatives, including offshore wind projects, in Japan. The deal was signed by Masdar CEO Mohamed Jameel Al Ramahi and NPCC CEO Engineeer Ahmed Al Dhaheri at an event held in Masdar’s head office in Abu Dhabi. The companies will initially focus on collaboration in offshore wind and also explore extending their efforts to cover other sectors, including green hydrogen production and battery storage technologies. Al Dhaheri said NPCC continually explores new opportunities that align with its resources and engineering expertise in decarbonization projects in support of the UAE’s climate change action initiatives and long-term sustainable development vision. Partnering with Masdar will undoubtedly contribute towards advancing energy transition in the country and open new avenues for clean energy integration and adoption, he stated. Al Ramahi said: Masdar and NPCC share a common commitment to advancing the UAE’s leadership position in the energy sector and to driving sustainable growth. By leveraging each other’s world-class expertise in our respective fields, our combined efforts could play a vital role in achieving the UAE’s clean energy objectives and support our nation’s net-zero commitment, he noted. Masdar, he stated, was also working in green hydrogen development, in collaboration with a number of international partners. In December, it formed a strategic alliance with France’s Engie to co-develop a UAE-based green hydrogen hub, with a planned investment in the region of $5 billion. Masdar and Hassan All United Arab Emirates

J-POWER and Genex Power Limited to Collaborate on Kidston Stage-3 Wind Project

Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, J-POWER) announced today that J-POWER has signed an agreement with Genex Power Limited (Genex, the renewable energy company, Australia) for joint development on the Kidston Stage-3 Wind Project (K3W). J-POWER and Genex, guided by their memorandum of understanding concluded in November 2020 on the development of new wind power projects (announced on November 27, 2020), have conducted initial assessments, including wind and environmental surveys, as well as land negotiations at candidate sites for the K3W project. Based on the joint development agreement concluded at this time, J-POWER and Genex will accelerate development by making full use of J-POWERs experience in wind power generation, including turbine selection and acquiring construction permits and licenses, with the aim of starting construction in 2023 and beginning operations in 2025. J-POWERs goal is to achieve carbon neutrality through power generation by 2050, and we will promote the further development of renewable energy both in Japan and overseas, as set out in J-POWER BLUE MISSION 2050, announced on February 26, 2021. Japan