05 January 2024
05 January 2024
The agreement is expected to draw capital to Nepal's financially struggling hydroelectric industry.
The investment for these projects is estimated to exceed $372m, with construction anticipated to begin in mid-2024.
AES will retain ownership and operational responsibilities for the renewable assets.
The deal is part of the Italian group’s strategy to reduce debt and simplify international operations.
The companies cited higher borrowing costs, increasing inflation and supply chain disruptions as reasons to scrap the deal.
The Greek regulatory authorities have granted permission for solar and wind parks across the country.
The nation is turning to nuclear in a bid to meet its climate targets.
The new system, with turbines placed in a star configuration, is cheaper than traditional connection methods.
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